TrueLayer hits $10 billion payments in a single month

• TrueLayer is now the fastest-growing payment network in Europe, processing more than $100 Billion TPV per year. 

• During Q1 alone, the platform gained over 500k new users per month.

• TrueLayer proves to be the category leader for Pay by Bank, reaching 13 million users in April.

TrueLayer, Europe’s fastest growing payments network, is proud to announce its biggest month ever, processing over $10 billion in total payment volume (TPV) in April – equivalent to more than $100 billion on an annualised basis. 

Sectors such as eCommerce, food and beverage are choosing TrueLayer as their the go-to choice for instant, secure and low-cost payments. During Q1 alone, the platform gained over 500k new users per month, reaching 13 million users in April - reinforcing TrueLayer's position as the clear category leader in Pay by Bank. 

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“Consumers and merchants are moving en masse to Pay by Bank – and they’re choosing TrueLayer. "This isn’t just about volume. It’s about velocity. We’re building the real-time payment network for Europe and the momentum that we’re seeing proves that we’re solving a real problem for both sides of the market.”

Francesco Simoneschi, CEO of TrueLayer

What's driving this growth?

The rapid growth TrueLayer's seeing is being driven by consumer demand for simple, instant payments and instant refunds, and by merchant demand for instant, low cost, secure payment methods that eliminate the possibility of card fraud.

By embedding these payments into checkout flows, merchants like Ryanair, Revolut and Just Eat are not only enhancing their customer experience, but they are increasing their checkout conversion, decreasing their payment costs all while driving industry-wide adoption and educating millions of consumers in the process.

About TrueLayer

TrueLayer is Europe’s fastest growing payments network. We power smarter, safer and faster online payments by combining real-time bank payments with financial and identity data. Businesses use our products to onboard new users, accept money and make payouts in seconds, and at scale. We’re live across 21 countries and more than 13 million users trust us to process their transactions. Though we’re not stopping here. We’re on a mission to change the way the world pays. And we won’t stop until we’ve unlocked the full potential of payments.