DPMAX: 2000Charges’ Open Banking Replacement for Local EU Banking Concepts

Kerrville, TX. July 29, 2024 

Is Open Banking taking over antiquated local banking concepts? Many in the payments industry think so, as evidenced by the number of discussions at Fintech trade shows and in payment industry news sources. If the rumors are true, one major payment method in Germany will soon halt operations, leaving merchants and processors looking for a new solution. 

The rise of Open Banking in Europe has been meteoric and is challenging traditional banking concepts around the world. This German payment system could just be the latest casualty of this modern banking framework. Open Banking’s time has arrived, and every company should be looking at how they can incorporate it into their payment strategies. 

Wolf Kring, has been predicting for years that Open Banking would be the future of payments. “We’re now seeing that in real-time as local concepts are disappearing,” he said. “Every merchant, processor and network should be embracing Open Banking today, and we provide that with our DPMax platform.”

2000Charge first launched DPMax (then known as DirectPayMax) more than 10 years ago, establishing the company as a leader in the industry. Today, DPMax offers this simple “Pay by Bank” method that gives merchants this instant, chargeback-free and a seamless payment flow with access to more than 33 countries in Europe and South America. 

“Pay by Bank” allows 2000Charge clients to provide their customers with the option to make online purchases directly from their bank account and easily authenticate the purchase through their bank’s mobile app or online banking platform. They simply click “Pay by Bank” and it redirects them to their bank. Customers then enjoy a seamless, secure and faster checkout process without having to manually enter their card details each time.

Get started with DPMax by signing up for an account at https://merchant.2000charge.com/Account/Register or speak with the team to learn more by emailing sales@2000charge.com