Brite Payments, a Stockholm-based second-generation FinTech, has partnered with Shopware, a leading open-source e-commerce platform that boasts a significant presence in Europe, especially in the German market.
The partnership between Brite Payments and Shopware is aimed at integrating Brite’s instant payment technology into Shopware’s e-commerce platform. This collaboration will allow Shopware merchants to offer their customers the ability to pay directly from their bank accounts using Brite’s open banking-based solutions.
Brite Payments specializes in leveraging open banking technology to facilitate real-time account-to-account (A2A) payments. Shopware, on the other hand, offers a flexible and scalable e-commerce platform to over 45,000 merchants, handling about €22bn in gross merchandise volume annually.
This partnership will provide Shopware merchants with a seamless, secure, and cost-effective payment option through the Brite Instant Payments Network (Brite IPN). The integration is facilitated by a Shopware 6-compatible plugin, ensuring an easy setup for merchants eager to adopt this modern payment method.
Shopware General Manager EMEA Alexey Pronin said, “We’re thrilled to welcome Brite Payments as a Gold Technology Partner and to expand the range of convenient, end-user-focused payment solutions available to our growing base of e-commerce merchants.
“Shopware is committed to giving merchants the variety of tools they need to succeed in the fast-changing world of online commerce – Brite Instant Payments is a powerful addition to that toolkit, representing a modern approach to Pay by Bank that puts customer experience at the forefront.”
Brite Payments Chief Commercial Officer Luke Trayfoot said, “Shopware is a market leader in Germany, trusted by leading brands, and we’re excited to be able to offer them our intuitive instant payments solution. Open banking-based payments offer huge potential, but we recognised early on that there was an appetite from merchants for more complete, easy-to-integrate solutions that reduce operational complexity as well as benefit their bottom line. Now, through our Shopware partnership, they have a simple way to activate Brite and see the impact on their business.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
