Aiia, Netcompany Team Up to Develop Bill Payment Platform in Denmark

European open banking company Aiia is working with Nordic-based software company Netcompany to help boost open banking and help Danish residents pay bills and invoices, the companies announced Tuesday (Nov. 16).

That will come about through a new program from Netcompany called mit.dk, which will help bring open banking to the masses and streamline virtual communications from various places and companies, including healthcare organizations and authorities.

It will allow Danish residents to use a single source to find bills, doctors and appointments and announcements of various kinds. The platform will also let residents easily book healthcare appointments, pay bills and more, all through a single swipe.

The ultimate idea behind it all, the release says, is to give Danish residents different payment options in an easy-to-use fashion, allowing them to add subscription payments and split up payments on a single platform.

Netcompany CEO André Rogaczewski said the company was looking to innovate with digital, modern payments.

“When you receive a message on mit.dk, you must be able to respond to it immediately — even when a bill has to be paid,” Rogaczewski said. “The platform will be at the forefront with a seamless payment experience for both sender and recipient.

“With Aiia as payment provider, we ensure a strong, stable and future-proof solution with the user experience in focus. We hereby make it easy, safe and straightforward to pay all types of bills from a single overview in one place.”

Meanwhile, Aiia CEO Rune Mai said the partnership will “enable a high-converting payment flow and be increasing convenience massively for the end-users of mit.dk.”

Mastercard recently bought Aiia in an attempt to boost its open banking arsenal, as Aiia is one of the biggest European providers of tech to connect banks with a single API, PYMNTS writes.

Read more: Mastercard To Buy Denmark’s Open Banking Tech Firm Aiia

Craig Vosburg, Mastercard chief product officer, said the idea with open banking is that it “frees individuals and businesses to use their data for the benefit of finding appropriate” financial services and other businesses.