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Pay by Bank (NL)
Banks in the Netherlands are required to provide third-party providers (TPPs) access to customer data through standardized APIs (Application Programming Interfaces). The Dutch Central Bank (De Nederlandsche Bank) is the main regulatory body responsible for overseeing the open banking framework in the Netherlands.
Method
Pay by Bank (NL)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Digital Payment Inclination The Dutch population is very comfortable with digital payments, which provides a strong base for open banking growth
Openness to New Tools 90% of Dutch consumers are open to trying new tools to manage their finances
