Sola, a European fintech infrastructure company developing a payments and open banking gateway, has partnered with Salt Edge, a provider of open banking solutions, to expand its payment capabilities and support the adoption of alternative payment methods across Europe.
Through integration with Salt Edge’s Payment Initiation Solution (PIS), Sola will have access to Salt Edge’s network of thousands of banks across the continent.
The integration aims to provide merchants with more reliable, secure, and faster payment experiences in multiple markets.
“Partnering with Salt Edge is a key milestone for Sola as we expand our open banking capabilities across Europe. Salt Edge’s regulatory expertise and robust connectivity complement our mission to deliver fast, secure, and scalable financial infrastructure. Together, we’re enabling businesses to build the next generation of payment experiences,”
said Jūlija Pandeva, Chief Technology Officer at Sola.
Businesses, from fintechs to established enterprises, often face challenges integrating payment and open banking solutions due to market fragmentation and complex regulatory environments.
Sola’s gateway connects businesses to multiple financial infrastructures through a single API, providing speed, compliance, and scalability without major integration efforts.
The partnership will allow businesses to access a wider range of banking connections, including in highly regulated markets, while reducing integration time and technical complexity.
It will also help maintain security and compliance, ensuring transactions meet regulatory standards, and support a consistent experience for merchants with varied business models or high transaction volumes.
“The future of financial services belongs to companies bold enough to reimagine how money moves, and Sola is one of them. By combining Salt Edge’s open banking rails with Sola’s infrastructure, we’re making seamless payments possible for businesses across Europe,”
said Virgiliu Bodrug, Senior Open Banking Solutions Expert at Salt Edge.
Featured image credit: Edited by Fintech News Switzerland, based on image by stockexpert via Freepik
