Noda Expands Open Banking Network to Brazil

Noda, a global provider of open banking and payments solutions, is extending its network to Brazil. Already established in Europe, the UK, and Canada, Noda’s expansion allows merchants from any jurisdiction to access cross-border multichannel payment services, unified reconciliation, a streamlined onboarding process, and instant banking and money transfers across Brazil, Europe, the UK, and Canada. This enhancement aims to provide greater convenience for merchants, enabling seamless business operations across diverse regions.

“Adding Brazil to our network is particularly beneficial for merchants aiming for global expansion,” stated Michael Bystrov, Chief Revenue Officer at Noda. “We are dedicated to enhancing their convenience and ensuring their success.”

Brazil currently utilizes the Pix network, facilitating instant money transfers for individuals, companies, and government entities. While numerous providers offer Pix services within Brazil, access to European markets remains limited. Noda fills this gap by offering cross-continental payment solutions.

Noda also specializes in open banking payments, which have gained popularity in Europe for enabling instant account-to-account transactions without relying on card networks. This approach allows users to pay directly through their bank interfaces, streamlining the payment process and reducing fees. With Noda’s advanced Open Banking API, online businesses can integrate direct bank payments seamlessly, while also benefiting from services such as end-user KYC, payment processing, LTV forecasting, and UX optimization.