FintechIO introduces new A2A payments platform Blip-Pay
UK-based fintech software start-up FintechIO has unveiled its new A2A payments platform, Blip-Pay, at this month’s Open Banking Expo in London.
Blip-Pay to offer instant payments of up to £1 million
Blip-Pay is an open banking-driven payments platform designed to leverage real-time financial data to customise payment experiences and render “card payments obsolete”, according to Dan Vladoiu, CEO and founder of FintechIO (the company was set up in 2022).
Blip-Pay is co-founded by Vladoiu and Amit Gokani, head of delivery at FintechIO.
The company says the platform ensures “secure and efficient transactions” by offering options such as direct bank transfers and QR code/Pay by Link payments.
According to FintechIO, incorporating these payment solutions can lead to a significant reduction in transaction fees while also decreasing the number of abandoned checkout carts.
In addition, Blip-Pay distinguishes itself from competitors by offering instant payments of up to £1 million, with support for variable recurring payments (VRP). The company claims users can save up to 92% in merchant fees with a flat fee of £0.80 per transaction, regardless of the amount.
The A2A payments space in the UK has been seeing a lot of activity recently, with Visa announcing last month that it plans to launch its own UK A2A payments service in 2025.
