eToro Partnered with OpenPayd to Launch Embedded Finance Proposition in Europe

eToro partnered with OpenPayd to launch embedded finance proposition across the European region.

The partnership will power up the eToro Money accounts throughout Europe and will enable eToro to issue Euro IBAN numbers.

eToro partnered with OpenPayd
eToro and OpenPayd collaboration

eToro, the world’s leading social investment platform, has announced its partnership with OpenPayd, a Banking-as-a-Service (BaaS) service provider to provide European traders embedded finance proposition, offering a near-instant payment experience.

This collaboration will power up eToro Money accounts across Europe. Furthermore, this collaboration will enable eToro to issue Euro IBANs. eToro clients will be able to execute deposits and withdrawals from their eToro Money accounts securely and instantly.

“This partnership is an example of embedded finance in action; it’s a significant evolution in how we build innovative financial services,” says Kreeson Thathiah, Director of Payments at eToro. “Working with OpenPayd – who’s platform and team has accommodated all of our needs – has been a pleasure. With every customer receiving their own virtual IBAN and access to the real-time European payment rails, SEPA Instant, we can ensure that funds are moving when, how and to whom they’re supposed to.”

eToro says that the proposition is currently operating in 12 countries and the company is planning to roll it out across the European region.

“eToro is changing the game for the trading community across the world, which is why we’re thrilled to be powering its product throughout Europe. We strongly believe that embedding financial services in this way powers business growth, enabling any company to build new products, streamline operations and manage payments globally. This is what the future of financial services looks like,” Iana Dimitrova, CEO of OpenPayd said.

About OpenPayd

OpenPayd is an industry-leading payment and Banking-as-a-Service Provider that embed financial services to business through API technology, enabling them to grow. OpenPayd’s platform removes the need to contract with multiple providers for different services across different markets.

For more information their official website:

About eToro

Founded in 2007, eToro is Israeli-based social trading and investment platform with the main focus on providing revolutionary financial and copy trading experience.

eToro trading platform provides its clients with access to trading portfolios and statistics of more experienced traders and enables them to collaborate, share thoughts and insight, and benefit from the shared knowledge. It has a straightforward and user-friendly interface that makes it easy for new traders to navigate through its website and the app.

Recently, eToro announced its intention to acquire an Abu Dhabi license to become one of the biggest social trading providers in the MENA region.

For further information about the broker read our detailed review article or visit their official website:

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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