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OpenPayd Expands European Payment Capabilities With Additional Domestic Virtual IBANs and Payment Rail
OpenPayd, a leading provider of financial infrastructure, has strengthened its European payments infrastructure with the addition of Netherlands-issued virtual IBANs (NL vIBANs), providing greater domestic euro account access for its clients.
Building on its existing virtual IBAN offering, OpenPayd now provides clients with NL-issued virtual IBANs alongside its existing UK, FR and MT options. This broader portfolio offers businesses greater flexibility and enhanced localisation in routing euro payments across Europe.
This enhancement also brings connectivity to Target2 (T2), the European Central Bank’s real-time gross settlement system. Through T2, OpenPayd clients gain access to one of the largest euro payment networks in the world, connected to over 40,000 banks worldwide and enabling the real-time settlement of high-value euro transactions.
Barry O’Sullivan, Director of Banking & Payments at OpenPayd, said, “This enhancement is about giving our clients greater flexibility in how they decide to move euro payments across Europe. By adding NL vIBANs, we’re extending local reach and removing barriers to domestic payment access – all through the same API our clients already use today.”
The expanded vIBAN network is available through OpenPayd’s EU-licensed entity, reinforcing its position as a pan-European Banking-as-a-Service provider. For businesses operating across multiple markets, these additional domestic vIBANs deliver more routing options, improved payment efficiency and reduced friction in cross-border euro flows.
O’Sullivan added, “We’re building a financial infrastructure that removes barriers. Whether you’re a marketplace settling vendor payouts, a corporate managing treasury flows, or a platform handling cross-border transactions, having NL, UK, FR, and MT vIBANs at your disposal means you can operate across Europe with greater speed and control.”
The NL vIBAN offering is available now to all OpenPayd clients.
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