Moneyhub integrates Starling Bank to its Payment Gateway
Moneyhub, the financial management platform, has integrated Starling Bank into its Payment Gateway. This makes Starling Bank the first challenger bank to support PSD2 PISP (Payment Initiation Service Provider) legislation.
Moneyhub’s integration with Starling Bank’s API will mean users can initiate a payment straight from one account to the other, at a fraction of the time and cost to organisations of traditional payments. This follows the implementation of Open Banking in January 2018 and comes ahead of the new requirement that all banks must support PSD2 legislation by September 2019.
This also means that Starling Bank users, currently tallying around half a million, can use features in the Moneyhub app such as Smart Nudges to help them save more or invest more.
To read more, click here.