Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


The launch of PelicanPay gives fintechs and TPPs pan-European market access through a single-API – dramatically streamlining the onboarding and payments process 

LONDON – 1 June 2018 – Pelican Group today announced the launch of PelicanPay (, a new subsidiary company established to provide European-wide PSD2 connectivity, payments and financial crime compliance services. PelicanPay offers API Interoperability for fintechs and regulated Third Party Providers (TPPs) seeking a quick and efficient way to provide Payment Initiation and Account Information services across Europe.

PelicanPay’s OpenBanking Hub will enable pan-European access to around 6,000 banks via a PelicanPay API, as well as via PelicanPay versions of popular APIs such as the UK’s OBWG, France’s STET and Berlin Group. The platform will take care of all the technical and regulatory complexity of API connectivity – handling all API conversions and bank connectivity discreetly in the background. As a result, it will allow fintechs and TPPs to focus on delivering their core proposition to customers, helping them exploit the enormous growth opportunities provided by an Open Banking environment.

Fintech firms looking to enter the payments market will be able to use PelicanPay to get speedy access to regulated PSD2 Payment Initiation and Account Information services. Similarly, regulated TPPs using PelicanPay’s Interoperable API payment gateway, can gain significant efficiency and operational benefits from accessing a European-wide market of up to 500 million potential customers through a single API of their choice – removing the complexity of supporting multiple national or proprietary APIs across the continent.

Headquartered in London, PelicanPay will operate as a separate business within the established Pelican Group focusing on regulated payment services, alongside parent company Pelican which is a global provider of payments and financial crime compliance solutions to banks and corporates. An API Interoperability and Open Banking platform will also be of particular interest to established banks (ASPSPs) seeking to become a TPP or those that have a requirement to offer multiple API standards. Organisations can register today for the API Hub Beta programme providing access to the full suite of PelicanPay APIs.

Parth Desai, founder and CEO of Pelican and PelicanPay, commented, “Regulatory mandates for open API access are part of the wider digital transformation of payments. The shift to mobile-first, customer centric digital engagement creates dynamic opportunities for both new and established financial institutions to offer exciting and engaging products. PelicanPay uniquely addresses one of today’s key challenges by providing a truly pan-European API Interoperability platform. By launching PelicanPay, we are enabling fintechs, TPPs, and also ASPSPs, to reach up to 500 million customers across the continent through a single popular API.”

Continue Reading

Recent Posts