We’re leading the Pay by Bank revolution

Merchants are trapped by increasing fees and a lack of choice in payment solutions. By joining TrueLayer’s Pay by Bank network, merchants are future proofing their payment tech and bringing operational costs back down to earth.
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Europe’s fastest growing Pay by Bank network

"Pay by Bank" logo centered with various app icons connected by lines, showcasing integration.
40%
UK Pay by Bank transactions processed by us
15M
Consumers in our Pay by Bank network
90%
Of returning users convert to Pay by Bank
$116B
Annualised payment volume

1 new user, every 3 seconds

A new user joins the TrueLayer network every 3 seconds meaning businesses get to tap into a rapidly growing user base primed to convert with Pay by Bank.

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No more troublesome card networks means...

Lowering payment costs by +40%

Cut out multiple middle-men taking a slice, plus all the costs associated with card fraud and chargebacks. Reinvest the savings and bump up your bottom line.

A pizza with various toppings next to a line graph showing a 48% cost decrease from March to June. Papa John's logo is visible.

Increasing AOV by 20%

Taking away any friction at the checkout not only boosts sales but sees returning customers converting at up to 90%.

Airplane flying with a chart showing AOV increase by 20% for bank payments. Bright icons surround the image.

71% of customers choosing Pay by Bank

With card fraud set to grow by a further $10bn by 2028, give your customers a card-network-free-zone, and rest assured you’ll be watching them use it.

Floating US dollar bills with a pie chart showing 71% labeled "Pay by Bank" and "Customers" on a gradient purple background.
Handling almost half of all UK Pay by Bank payments, and more than 2x the daily volume of our nearest competitors, the TrueLayer infrastructure and technology is tried, tested and built for enterprise businesses.

Plus customers love it

With Pay by Bank, you don’t have to get up to find your card, or add in any details at all. Frankly, it saves so much time. Plus, because of the biometrics, I trust that the payment method is safe and secure.

A Jaja Finance customer

Learn more

We’re levelling the paying field

Simplicity

Goodbye to 16-digit cards which are slow and were designed for the physical world. Hello to modern digital payments, which are instant and were designed for the consumers and businesses of today.

Safety

No more cards, means no more card fraud. Consumers confirm purchases via the safety of their banking app. Pay by Bank means consumers can also trust the payee is who they say they are, as they’re vetted and onboarded by us before joining.

Choice

Duopolies are bad for business. It’s our mission to bring more competition and choice to the world of payments. We call this levelling the paying field—we do this by pushing for change and driving modernisation.

Checkout, our products.

Cut costs and boost your revenue with the easy, fast and secure way to pay. Streamlined user experiences see 90% of returning customers converting, and a 20+% increase in first-time conversions from the TrueLayer network.

Go to Payments
Credit/Debit card
Manual bank transfer
Other
Pay by Bank
Recommended

Pay securely from your bank app - no card needed. Learn more

Barclays, HSBC and Natwest banks logos followed by a plus symbol
Your wallet balance
£350.00
Withdraw
Your transactions
See all
Coffee shop
11 Jul 2025
-£9.40
Car wash
10 Jul 2025
-£15.00
Fruit shop
9 Jul 2025
-£5.60
John
8 Jul 2025
£180.00
Energy bill
7 Jul 2025
-£50.20
Transfer
6 Jul 2025
£250.00
Set your payment date
We’ll take the money every month on this date
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Pay by Bank
Recommended

Pay securely from your bank app - no card needed. Learn more

Barclays, HSBC and Natwest banks logos followed by a plus symbol
Account connected
Pay instantly

Payment
successful

£500.00
Withdrawal complete
Payout instantly

Payout successful

Money sent
Only connect accounts once
Secure and FCA authorised

Set up complete

Your regular payment is ready

Solutions. For the change-makers.

Our solutions are clever combinations of products and add-ons which solve specific problems for the payments industry. We take industry challenges and put our world-class engineers and designers to task to solve them.

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Add-ons. For the fast-trackers.

Our add-ons turbocharge your business operations, onboarding speed, and personalisation capacity with tools and data that power unforgettable user experiences, and give you real-time visibility of transactions.

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Get started

Talk to us

We're here to help you make the most of open banking payments.

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Create an account now to explore our APIs.

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Resources

When should you consider adding open banking payments to your checkout_Header
Ecommerce
25 Jan 2024

Early adopter or laggard: when is the time to add open banking payments to checkout?

Adding a new payment method to your checkout takes time and effort, so how do you know when it's necessary to make a change?
world without cards
Ecommerce
20 Nov 2023

Are we approaching a world without cards?

Why do we need a world without cards? What will replace them? And is this shift actually going to happen?
Open banking and the future of retail payments
Open Banking
4 Sep 2023

Open banking and the future of UK retail payments

We make the case that open banking can, and should be, the future of retail payments — and outline the additional initiatives needed to get us there.
Coin rotating
Recurring payments
26 Jun 2023

Variable Recurring Payments and sweeping: everything you need to know

What are variable recurring payments (VRPs) and how will they benefit businesses who collect payments online?
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