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Sweden's Brite Payments makes further advances into Denmark | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Sweden’s Brite Payments makes further advances into Denmark

By Laura M

August 14, 2023

Brite Payments expands its product coverage to Denmark, offering open banking-powered instant payments and payouts, enhancing its presence in Europe’s fintech landscape.

Facts

Brite Payments extends product coverage with open banking-powered instant payments and payouts in Denmark.
Denmark’s well-developed financial services sector and high online banking penetration create a significant instant bank payments opportunity.
Brite’s Instant Payments offer a cost-effective alternative to cards, with 24/7 processing and reduced fraud risks.
Brite Instant Payouts enable real-time disbursements, benefiting various sectors like digital marketplaces, finance, travel, and gig platforms.
Brite’s proprietary Instant Payments Network (IPN) bridges gaps in Europe’s real-time payments, facilitating payments and FX services outside the Eurozone.
Brite IPN supports Danish Krone (DKK) processing and merchant FX requests, lowering operational costs for merchants.

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