Nuapay, a subsidiary of the public-listed Australian EML Payments Limited, has partnered with Praxis Tech (Praxis) to power the delivery of open banking and account-2-account payments to Praxis’ across Europe.

Praxis (PC42 profile) is focused on high-risk segments. It is a leading payment processor in the online trading scene, which has grown rapidly, with the number of users actively trading increasing by over 30% per annum.

This partnership will allow Praxis to provide users with an enhanced experience to take advantage of trading opportunities.

Praxis‘ integration with Nuapay’s proprietary open banking technology and industry-leading instant cardless payment solutions will be available to all of Praxis‘ European customers. Praxis has integrated over 450 PSPs so far, making it one of the most comprehensive PCI DSS Level 1 compliant platforms currently in the market.

Its omnichannel gateway aims to streamline the payment experience and optimize payment architecture. Nuapay brings the advantages of open banking payments.