Worldline & Apigee: Partnering for PSD2
With regulators around the globe pushing for more openness and competition via APIs, led by the European Commission’s PSD2, the payments industry is headed toward an API-powered, programmable future.
There’s no turning back. By January 2018, PSD2 will require 5,000 financial institutions across Europe to provide open access to customer, transaction, and payment information via APIs.
As banks ready themselves for this onrushing future, shockwaves of the effort are being felt throughout the financial industry. Banks that must comply with PSD2 and Open Banking regulations are turning to their vendors and ecosystem partners and asking for APIs.
Those companies are looking not only for ways to serve their customers better, but also how to compete in the API economy.
Worldline has been an aggressive and highly successful competitor and an innovator in payments services across Europe. The company recently announced the Apigee Edge API platform as the cornerstone of its API strategy.
In the words of Worldline chief technology officer Christophe Duquenne: “We chose Apigee Edge since it enables us and our customers to accomplish our time-to-market objectives and, at the same time, meet important requirements in terms of security and scale.”
We’re very excited to help Worldline chart and execute its API journey as built-out internal and external API ecosystems. We have a shared vision of these ecosystems being built by developers, and the importance of providing first class, self-service developer experiences.
As Worldline handles billions of payment transactions every year, we’re gratified that they trust Apigee to secure their APIs. The future of payments is APIs, and we are excited to be part of Worldline’s journey there.