Investment from Italy's largest venture capital fund backs the Pay by Bank network founded by two Italians, as TrueLayer expands its Milan engineering hub

SumUp personal account users can now top up their balance directly from their bank account in seconds, with no card details required

During the programme, TrueLayer will test how AI agents can initiate and complete Pay by Bank payments securely on behalf of consumers.

Trading 212, IG Group, InvestEngine, and East Lothian Housing Association are among the first businesses in the UK to go live with Bank on File.

Acquisition of Dutch fintech in3 makes TrueLayer the only Pay by Bank network in Europe to offer both debit and credit at checkout.

TrueLayer also opens new Dublin Office, as Ireland becomes the company’s European centre of excellence for regulatory, compliance and risk.

TrueLayer officially completes the acquisition of Zimpler, significantly expanding its Pay by Bank network and real-time payments across the Nordics.

eBay now offer Pay by Bank, a seamless and secure payment method that enables customers to pay directly from their bank accounts.

The partnership brings instant, secure bank payments to thousands of Finnish merchants.

In a major milestone for the iGaming industry, bet365 has made Pay by Bank the recommended payment option in its checkout.

FCA announces the formation of the UK Payments Initiative as the commercial operating company for VRP.

TrueLayer has reached 20 million users across its network, marking a major milestone in the mainstream adoption of bank-based payments.