VibePay, which powers account to account payments between consumers, friends and businesses, today announces the launch of its UK business dashboard - the next step on its mission to make account to account payments the default way to pay and get paid.
VibePay Business enables SMEs to activate instant account to account payments with their customers, see transactions easily in one place and access the important data behind their business finances. The new offering has a wider impact by creating meaningful connections and experiences between businesses and digital-first customers, providing SMEs with a unique opportunity to engage with their audiences and drive sales, increase reach and conversion.
VibePay Business takes businesses to where their customers are, friction free, in app and at checkout. This continued evolution of payments is delivered through making Open Banking technology accessible to all SMEs and their customers.
The dashboard:
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• Enables instant account to account payments
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• Removes the need for traditional cards and
• wallets
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• Has a simple-to-use, integrated interface
• to manage transactions; one off and recurring
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• Includes the ability to monitor orders,
• track payment statuses, create branded invoices and action instant refunds
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• Quick integrations with third party e-commerce
• platforms
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• Provides SMEs with unique transactional
• insights to drive business growth.
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Luke Massie, CEO of VibePay, said: “In the past 12 months there has been a rapid acceleration of digital payments, a huge growth in social commerce, and a renewed focus from consumers in wanting to support SMEs and buy from people they know. Our new dashboard enables SMEs to take advantage of this growth and pay and be paid by their customers easily and directly from account to account, removing the reliability of expensive card rails and wallet services.
“VibePay has been driving the adoption of Open Banking amongst consumers with its peer to peer app and is now available to SMEs. It is the best of Open Banking in action and we are supporting businesses in reaching their potential through the next wave of payment innovation - creating meaningful connections between consumers and businesses through our technology. Ultimately it means that SMEs will be able to focus on achieving their ambitions and growing their business, not managing payments.”
Powered by Open Banking, VibePay is one of the UK’s fastest growing start-ups having received over 150,000 app downloads and over one million payments requests.