The partnership will see Western Union integrate Salt Edge’s PSD2 Compliance Solution as it looks to enter the digital banking space in Europe.
The pilot service falls under the remit of the EU’s open banking PSD2 Directive, which aims to make payments safer, foster innovation and help banking services adapt to new technologies.
Western Union’s chief data officer Thomas Mazzaferro says: “With plans underway to launch a Western Union digital bank pilot in Europe, being PSD2 compliant is critical to our success and enabling our products.
