#PayTech / Crédit Agricole subsidiary Linxo unveils bank transfer payment solution

Linxo Group, a bank data aggregator and subsidiary of Crédit Agricole, has launched a universal solution to initiate payments via bank transfer.

Oxlin Payments, the solution created by Linxo’s authorised payment institution Oxlin, claims to be “the first” universal solution in France to initiate payments by bank transfer through a single API.

How it works… Oxlin’s partners include payment integrators, online merchants, and banks. The new solution means these partners can initiate payments via bank transfer online. It can also go through a channel such as SMS, WhatsApp, QR code or web link… Regardless of the platform or issuing bank, this solution means all these partners can process payments in the same way.

https://www.fintechfutures.com/2020/10/credit-agricole-subsidiary-linxo-unveils-bank-transfer-payment-solution/