TrueLayer, a prominent player in Europe’s open banking payments sector, has recently appointed Sebastian Vetter as its new Country Manager for Germany. This strategic move aims to strengthen TrueLayer’s presence in the German market, which is increasingly adopting open banking payments.

Sebastian Vetter brings a strong background to his new role at TrueLayer. He previously worked at Payoneer, where he led the go-to-market strategies for SMEs in Germany, Austria, and Switzerland, focusing on a range of sectors including import/export, ecommerce, and professional services. His experience at Mangopay is also notable, where he significantly increased transaction volumes in the DACH region and contributed to the company’s expansion in the Netherlands, Nordics, and Poland.

This appointment coincides with a period of growth for TrueLayer in Germany, highlighted by a consistent year-on-year doubling of total payments volumes since 2021. The company’s Payouts product has also achieved a high success rate and extensive coverage for instant payments in the country.

Sebastian’s arrival at TrueLayer is timely, considering the evolving EU payments landscape with upcoming regulatory changes in PSD3 and the introduction of the SEPA Payment Account Access scheme. This scheme is expected to influence the future of open banking-based A2A payments in European ecommerce.

Sebastian agreed that he was joining TrueLayer as the Country Manager at the right time, as the company increases its push in Germany.

“It’s truly a perfect time to join TrueLayer given their strong momentum in transaction volume and conversion growth and an increasing appetite for open banking/finance services within Germany and Europe as a whole. We have experienced a significant shift in the banking sector’s perception and adoption of open banking over the last few years, and consumers are becoming more and more aware of the benefits they will be able to reap from it.

I am thrilled to start working alongside an incredibly talented international team to deliver innovative value for both consumers and merchants on a path to a more secure, standardised and open future of payments,”

he said.

Max Emilson, Chief Commercial Officer at TrueLayer, welcomed Sebastian to the team, saying,

“I’m extremely excited to welcome Sebastian to the TrueLayer team. His track record of seriously scaling commercials in the region, while at the same time localising payment product offerings is unmatched. With the way things are shaping up for open banking payments in Germany, this is going to be invaluable for us as we continue to grow adoption in the region!”

Featured image credit: Sebastian Vetter, Country Manager Germany, at TrueLayer