stripeFinancial Services Company Program, you have announced that it will launch its by-bank products in France and Germany.

This move expands Stripe’s partnership with open banking platforms TrueroyerAfter the introduction of the product in the UK, it gained appeal among both merchants and consumers.

Payment with the bank feature allows consumers to authorize payments directly from their bank account directly through biometric verification, bypassing the need for card details.

For businesses in France and Germany, this provides a more streamlined checkout experience, lower transaction fees and possibly higher conversion rates.

Truelayer open banking infrastructure products are linked to banks in Europe.

Bank adoption of salary is rising, and companies such as Ryanair have introduced it to customers.

Industry forecasts suggest that EU banks could pay a salary of 30 billion by 2028, while Germany and France are Europe’s largest economies and are expected to make a significant contribution to this growth.

Truelayer has witnessed an institution in France and Germany, representing the two largest markets in the UK.

In France, the company handles bank transactions worth about 2 billion euros per year, while in Germany, that figure is 1.4 billion euros.

Trouser is responsible for bank payments in France and 30% of Germany handles about 60% of salary.

Businesses using the network reported a 42% increase in conversion rates.

Bank integration salary will soon be available to all striped users in both countries.

Stripe says businesses can add the feature through their platform through a simple setup process.

Sebastian Vetter, Germany’s country manager at Trueroyer, said in a comment on the expansion:

“After seeing the success of Stripe’s Trueroyer integration in other markets, we are pleased to bring this innovative payment solution to Germany and France. By leveraging Truentyer’s open banking infrastructure, we enable businesses in Germany and France to accept payments from bank ACCs directly, making transactions faster and making transactions faster and cheaper.

Featured Image Source: Trueroyer