Openbank Pay
Also a provider — view Openbank Pay’s profile →“Can Santander's balance sheet plus Openbank's tech stack build a pan-European Klarna alternative distributed through its existing merchant network?”
HQBoadilla del Monte, Madrid, Spain
IndustryFintech / Lending
The story
Openbank Pay is the merchant-facing brand of Open Bank, S.A. (the digital bank of the Santander Group), operated jointly with Santander Consumer Finance under the umbrella of 'The Digital Consumer Bank'. The product line evolved from a pure digital-banking play into a checkout-embedded BNPL and consumer-lending platform for Santander's ~75k merchant network across 16 European countries, competing with Klarna and Scalapay in the European POS-financing space.
Last 12 months
Regulated entities
1
regulatory licence held by Openbank Pay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
9 layers disclosed in Openbank Pay’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Insurance
in the full report
Open banking
in the full report
KYC
in the full report
Sponsor bank
in the full report
Accounting gap: minor
20 more providers across 8 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.