Open Banking: Kinguin checkout process expands with the inclusion of over 500 banks

We are excited to share that Kinguin has introduced Open Banking payments, as part of the checkout process. This feature is now available for customers in multiple European countries. With the convenient Pay by bank method, customers can securely make real-time payments through their banks to purchase products from Kinguin.

Open banking is a concept that allows customers to securely share their financial information, like banking transactions and account details, with other authorised organisations through digital channels. It's called "open" because it promotes the idea of sharing this information to create better financial services and experiences.

Imagine you have multiple bank accounts with different banks. In a traditional scenario, you would need to log in to each bank separately to manage your accounts. However, with open banking, you can use a single platform or app to access and manage all your accounts in one place.

Open banking relies on the use of Application Programming Interfaces (APIs), which are like digital bridges that enable different systems to communicate and share information with each other. By using these APIs, authorised third-party providers (such as fintech companies) can securely access your financial data with your consent.

This access to your financial information allows for a range of benefits. For example, you can use apps or services that help you budget, analyse your spending patterns, or find better financial products and deals. It also enables you to initiate payments directly from your bank account without needing a credit or debit card.

Open banking puts you in control of your financial data. You decide which organisations can access your information and for how long. Data privacy and security are crucial aspects of open banking, with strict regulations in place to protect your information.

Kinguin introduced Open Banking payment in several European countries, including Italy, Netherlands, Portugal, Lithuania, Estonia and Finland. Through the seamless Pay by bank method, customers can securely pay real-time via their banks to purchase products from Kinguin.

"Open banking payments have revolutionised the way we transact, providing seamless and secure real-time transactions through customers' trusted banks. It has transformed the payment experience, empowering users with convenience, trust, and a new level of financial control. I am very excited that Kinguin is at the forefront of applying these innovative methods, ensuring our customers have a cutting-edge payment solution that enhances their overall shopping experience." said Faheem Bakshi, Head of Payments at Kinguin

Below is the list of banks available at Kinguin through the Open Banking:

ITALY

• BNL Gruppo BNP Paribas
• BPER Banca
• Banca Intesa Sanpaolo
• Banca Monte dei Paschi di Siena
• Banca Sella
• Banco BPM
• BancoPosta
• Credem Banca
• Credit Agricole
• Fineco Bank
• ICCREA - Gruppo BCC
• ING
• Mediolanum
• N26
• PostePay
• Revolut
• Unicredit Italy
• Allianz Bank
• Alto Adige Banca S.p.A. – Sudtirol Bank AG
• BANCA GALILEO
• Banca Capasso Antonio
• Banca Popolare Vesuviana Società cooperativa
• Banca Popolare del Cassinate Società cooperativa per azioni
• Banca Popolare delle Provincie Molisane
• Banca Popolare di Cortona - Società cooperativa per azioni
• Banca Popolare di Lajatico S.C.P.A.
• Banca Promos S.p.A.
• Banca Santa Giulia S.p.A.
• Banca di Macerata
• Banca di Risparmio di Savigliano
• Cassa Centrale Banca
• Cassa Rurale Alta Vallagarina di Besenello, Calliano, Nomi, Volano Banca di Credito Cooperativo - Società cooperatva
• Cassa Rurale Rotaliana e Giovo BCC Società Cooperativa
• Credito Etneo Banca di Credito Cooperativo - Società cooperativa a responsabilità limitata
• Credito Lombardo Veneto S.p.A.
• Guber Banca
• Hypo Tirol Bank AG
• Mediocredito Trentino Alto Adige Spa
• Prader Bank
• Solution Bank
• NETHERLANDS
• ABN AMRO
• ASN Bank
• ING
• Knab
• N26
• Rabobank
• RegioBank
• Revolut
• SNSBank
• Triodos

PORTUGAL

• Activo Bank
• BBVA
• Banco Atlantico Europa, SA
• Banco BPI
• Banco CTT
• Banco Montepio
• Banco Portugues de Gestao
• Banco de Investimento Global
• Bankinter
• Caixa Geral de Depósitos
• Caixa de Credito de Leiria
• Credito Agricola
• EuroBic
• Millennium BCP
• N26
• Novo Banco
• Revolut
• Santander

LITHUANIA

• Luminor
• Revolut
• SEB
• Swedbank
• Šiaulių bankas

ESTONIA

• LHV
• Luminor
• Revolut
• SEB
• Swedbank

FINLAND

• Danske Bank
• Nordea
• OP
• Oma Säästöpankki
• POP Pankki
• Revolut
• S-Pankki
• Säästöpankki
• Ålandsbanken
• N26