PingData AS provides open banking data services based on the EU’s PSD2 framework. Its core offering is not traditional payment acquiring, but enabling individual and business customers to securely share transaction history from their EU bank accounts. The platform emphasizes access to up to 24 months of transaction data, which can replace or supplement lagging information in traditional credit reports, such as annual reports, tax filings, and public registry records.
In terms of use cases, PingData targets credit providers, brokers, lawyers, auditors, accountants, and similar institutions, helping them with customer due diligence, credit assessment, and risk identification. For payment methods, the website does not show card, wallet, or local payment acquiring capabilities; its focus is mainly PSD2-based bank account data access. Coverage is described as EU banks, but specific countries and banks are not listed. Risk analysis is a key focus: it can analyze customer income, expenses, liquidity, behavior, and risk to help reduce default and fraud risk, and to assess microbusinesses or customers with limited traditional credit history.
The website does not disclose rates, subscription pricing, or usage-based pricing, nor does it provide settlement timing information, since the business is not about fund clearing and settlement. For integration, PingData emphasizes “no coding required” and offers a web-based solution where institutions simply send customers a link to complete the account data sharing process. This is friendly for non-technical teams, but the public materials do not disclose API documentation, sandbox access, webhooks, data formats, or enterprise-grade SLA details.
Its advantages are that it uses real-time or more recent bank transaction data to improve decision quality, reduces the cost of manually collecting and organizing bank statements, and can serve customers not well covered by traditional credit reports. The downside is limited public information, especially around pricing, licensing, security certifications, bank coverage lists, and technical documentation. It is better suited to lenders, factoring/credit brokers, accounting and audit firms, and legal due diligence scenarios. It is not suitable for businesses looking for online payment acceptance, cross-border payments, or merchant acquiring solutions.
Access from mainland China is not stated in the available materials, so it is assessed as unknown. Since it is based on EU PSD2 and European bank accounts, it is better suited to European business scenarios. Chinese companies looking to conduct credit assessment or account data verification for European customers should further inquire about bank coverage and compliance qualifications. Comparable open banking data services include Tink, TrueLayer, Yapily, GoCardless Bank Account Data, and Plaid.
⚠ This review is compiled from public sources and does not constitute a purchase recommendation. Verify all facts on the vendor's official site. Verify on pingdata.eu official site.
pingdata.eu is an Norway Payments provider. TG4G tracks its product information, an overall rating of 6.0/10, and a China-accessibility score of Limited (proxy recommended). Click "Visit Official Site" to reach pingdata.eu directly.