# Pelican Group launches PelicanPay – an Interoperable Pan-European API Hub
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-06-02
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: PelicanPay Launches Pan-European API for Fintechs and TPPs
Meta Description: PelicanPay offers API Interoperability for fintechs and regulated Third Party Providers (TPPs) seeking a quick and efficient way to provide Payment Initiation
URL: https://financedigest.com/pelican-group-launches-pelicanpay-an-interoperable-pan-european-api-hubhtml

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_The launch of PelicanPay gives fintechs and TPPs pan-European market access through a single-API – dramatically streamlining the onboarding and payments process_

**LONDON – 1 June 2018 – Pelican Group** today announced the launch of PelicanPay ( [PelicanPay.com](http://PelicanPay.com)), a new subsidiary company established to provide European-wide PSD2 connectivity, payments and financial crime compliance services. PelicanPay offers API Interoperability for fintechs and regulated Third Party Providers (TPPs) seeking a quick and efficient way to provide Payment Initiation and Account Information services across Europe.

PelicanPay’s OpenBanking Hub will enable pan-European access to around 6,000 banks via a PelicanPay API, as well as via PelicanPay versions of popular APIs such as the UK’s OBWG, France’s STET and Berlin Group. The platform will take care of all the technical and regulatory complexity of API connectivity – handling all API conversions and bank connectivity discreetly in the background. As a result, it will allow [fintechs and TPPs to focus on delivering their core proposition to customers](https://www.financedigest.com/how-fintech-aids-financial-inclusion-and-helps-customers-through-crises.html "How Fintech aids financial inclusion and helps customers through crises"), helping them exploit the enormous growth opportunities provided by an Open Banking environment.

Fintech firms looking to enter the payments [market](https://www.financedigest.com/contactless-payments-spirit-willing-but-is-the-market.html "Contactless Payments: Spirit Willing but is the Market?") will be able to use PelicanPay to get speedy access to regulated PSD2 Payment Initiation and Account Information services. Similarly, regulated TPPs using PelicanPay’s Interoperable API payment gateway, can gain significant efficiency and operational benefits from accessing a European-wide [market of up to 500 million potential customers through a single](https://www.financedigest.com/insurance-marketing-is-more-targeted-with-the-single-customer-view.html "Insurance marketing is more targeted with the single customer view") API of their choice – removing the complexity of supporting multiple national or proprietary APIs across the continent.

Headquartered in London, PelicanPay will operate as a separate business within the established Pelican Group focusing on regulated payment services, alongside parent company Pelican which is a global provider of payments and financial crime [compliance solutions](https://www.financedigest.com/compliance-and-traceability-solution-market-growth-future-prospects-and-competitive-analysis-2015-to-2025.html "Compliance and Traceability Solution Market Growth, Future Prospects And Competitive Analysis 2015 to 2025") to banks and corporates. An [API Interoperability and Open](https://www.financedigest.com/the-future-of-financial-services-how-apis-are-fuelling-the-rapid-rise-of-open-banking.html "The future of financial services – how APIs are fuelling the rapid rise of Open Banking") Banking platform will also be of particular interest to established banks (ASPSPs) seeking to become a TPP or those that have a requirement to offer multiple API standards. Organisations can register [today for the API Hub Beta programme providing access](https://www.financedigest.com/bridging-the-gap-between-banking-and-digital-accessibility-in-todays-digital-by-default-world.html "Bridging the Gap Between Banking and Digital Accessibility in Today’s ‘Digital by Default’ World") to the full suite of PelicanPay APIs.

Parth Desai, founder and CEO of Pelican and PelicanPay, commented, “Regulatory mandates for open [API access are part of the wider digital transformation](https://www.financedigest.com/apis-are-powering-the-acceleration-in-digital-transformation.html "APIs are powering the acceleration in digital transformation") of payments. The shift to mobile-first, [customer centric](https://www.financedigest.com/transforming-to-customer-centric-service-in-financial-services.html "Transforming to customer centric service in Financial Services") digital engagement creates dynamic opportunities for both new and established financial institutions to offer exciting and engaging products. PelicanPay uniquely addresses one of today’s [key challenges](https://www.financedigest.com/refurbished-medical-imaging-equipment-market-comprehensive-study-with-key-trends-major-drivers-and-challenges-2018-2026.html "Refurbished Medical Imaging Equipment Market: Comprehensive Study with Key Trends, Major Drivers and Challenges 2018-2026") by providing a truly pan-European API Interoperability platform. By launching PelicanPay, we are enabling fintechs, TPPs, and also ASPSPs, to reach up to 500 [million customers](https://www.financedigest.com/first-year-of-n-ireland-protocol-required-1-million-customs-declarations.html "First year of N.Ireland protocol required 1 million customs declarations") across the continent through a single popular API.”


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