Complete your solution by incorporating the functionality that allows your customers to initiate payments
The BBVA Payments PSD2 API allows your individual and corporate customers to initiate payments from their BBVA payment accounts, from your application or service, and allows you to immediately know the status of that payment. Payment initiation is an interesting service for any payment service provider (PSP) that can offer this service and a good idea to stand out from your competitors, completing the Personal or Business Finance Management services and products.
The goal of this PSD2 service is to enable customers to initiate payments from their platforms or suppliers of choice, promoting innovation and competition. The technological heart of this ambitious European regulation is APIs (Application Programming Interfaces).
This enables you to complete your service, making it easier for your customers to carry out operations and transactions from their accounts without leaving your platform.
Advantages of the Payments PSD2 API
Gaining a customer costs too much to lose them on the final stretch of their conversion. Avoid having to leave your environment and offer a full range of options to start a payment, whether it is a specific purchase, subscription, or recurring payment.
The Payments PSD2 payment initiation API is also suitable for businesses. If your customers are companies you can offer to make bulk payments (up to 20 orders per transaction) or urgent transfers through the Bank of Spain (FMOs), among other options.
Paying should be the least frictional part of the entire customer journey Offer your customers all kinds of alternatives, such as being able to select which of their accounts they want to pay with. Innovate in your product and initiate payments from your own environment.
The Payments PSD2 API offers:
To use the Payments PSD2 API, you must be licensed to provide payment initiation services in the country. The service is deployed through Redsys, the company that has developed the customer account access interfaces for BBVA.
The PSD2 has opened the door to new players and new forms of collaboration. This API specifically has been designed by BBVA to comply with this regulation and thus facilitate the opening up of banking infrastructures and services.
Ana Climente
Head of Open Banking at BBVA Spain
Read about our other APIs that enable you to offer payments and other banking services to your individual or business customers, all under your own brand.
Spain
Harness the full potential of the European Payments Directive.
Spain
If you are a card issuer, confirm the availability of funds in your card’s direct debit account.
Spain
Subject to express consent, customer may share their BBVA identification data.
Let’s talk
Get in touch with us to find out how our suite of APIs can turn your innovations into reality.
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