Neonomics and Spense streamline open banking for car purchases

By Gloria Methri

Spense, a Norwegian payment solution for the automotive industry, has partnered with Neonomics to offer open banking payments. The partnership enables Spense to further enhance the customer journey by providing open banking payments on its platform for increased efficiency and security.

Through open banking, Spense customers can provide their end users a Pay from Account feature, making direct account-to-account payments using BankID or similar, right from the web browser.

Spense provides a unique payment platform that is specifically designed for the automotive industry in Norway and has built an expansive list of partners including Mekonomen Company, Porsche, and Skoda. It aims to create a frictionless end-user experience when it comes to buying and paying for cars and car services.

Jonas Lisgård, CEO of Spense said, “We believed Neonomics was well suited to what we are doing at Spense, as we both focus on providing great customer journeys and user experiences. We have adopted Neonomics’s open banking solution into our own platform meaning our end-users can pay right from their bank without even having to leave their web browser, and in addition, there is a significant administrative savings connected to payments done through Neonomics. We are excited to collaborate further with Neonomics to further develop our customer journey with the use of open banking.”

Neonomics’ open banking payment solution seamlessly integrates into Spense’s solution, ensuring a smooth and effortless user experience.

Christoffer Andvig, CEO of Neonomics added, “We are a great fit for Spense, as they value high-quality customer journeys and see how open banking can benefit that. With the continuous evolution of open banking, we anticipate even greater possibilities and untapped potential in this partnership in Norway and beyond.”