Why Pay with Bank transfer?
Powered by Open Banking, Pay with Bank transfer allows you to receive payments into your bank account directly from a customer’s account, without using payment products such as credit or debit cards.
A powerful partnership
Backed by the world’s most recognised financial service brand1
Pay with Bank transfer
A proven product, initiating millions of transactions a month
1Source: Interbrand Best Global Brands 2022
A seamless experience for the customer
An easier way to get paid
Open Banking in the UK
Open Banking is the simple and secure payment alternative allowing customers to pay for goods and services, online and in-store. Payments are made directly from the customer’s bank account into the Merchant’s bank account, and are cheaper than traditional payment methods.
Open Banking is growing rapidly and provides merchants with more flexibility on how and where they want to receive payments. In the UK, there are already millions of Open Banking users making millions of fast and secure payments each month, to hundreds of UK providers.
What are Account-to-Account payments?
Account-to-Account payments are growing rapidly
Global eCommerce is now worth trillions of dollars, most of which is addressable by Account-to-Account payments.
The Open Banking market is set to continue to grow rapidly, with many countries having already implemented Open Banking initiatives.
Frequently asked questions