Yapily, one of Europe’s leading open banking infrastructure players, has been named as a supplier on Crown Commercial Service’s Open Banking Dynamic Purchasing System (DPS). This designation allows Yapily to bid for open banking services tenders issued by various UK public sector organizations using the Dynamic Purchasing System (DPS).

Yapily’s inclusion in the DPS marks a significant step in its strategy to deliver solutions more widespread across the government and public sector. The company’s innovative solutions for account information and payment initiation are well-positioned to enhance the efficiency of financial operations across public sector bodies, contributing to a more transparent and accessible financial ecosystem. By leveraging Yapily’s robust infrastructure, the public sector could access real-time financial data and initiate payments effortlessly, paving the way for more responsible spending and improved financial health assessments.

Yapily is poised to deliver an end-to-end solution to the UK’s public sector. They are a pioneer in bringing sweeping and commercial VRPs to market, and together with their established retail and business payments and data solutions, they can support a multitude of public sector use cases pertaining to consumers and businesses. CCS estimates that the DPS will generate a sales pipeline worth as much as £800m over the next eight years.

Stefano Vaccino, CEO of Yapily, stated, “We are proud to become an approved supplier on CCS’s open banking DPS framework. Our appointment represents a pivotal moment for Yapily to enhance experiences and drive efficiencies whilst also exposing to a high volume of people who will benefit. This will help raise awareness and drive adoption of open banking. We are looking forward to working closely with the UK public sector to introduce efficient, transparent and fair financial services that meet the needs of various organisations and the communities they serve.”