Token.io Expands Pay by Bank with UK's First New Payment Scheme in Nearly 20 Years

Get a competitive boost with Pay by Bank

Increase deposits

Make deposits a breeze with instant bank payments that settle in seconds. Almost anyone with a UK or EU bank account can deposit quickly using Pay by Bank.

Streamline onboarding

Source identity data and instantly verify bank account ownership. All standard as part of our Payments products.

Lower costs

Pay by Bank cuts processing and operational costs to a fraction of traditional payment methods.

Drive loyalty

Keep users coming back with instant withdrawals directly to verified bank accounts.

Gain an edge

Users love our cutting-edge Pay by Bank capabilities, including 1-click and automated deposits.

Support compliance

Easily prove source of funds with deposits direct from verified bank accounts.

With Pay by Bank, users of challenger banks, remittance platforms and digital wallets can pay or deposit in a few clicks with fingerprint or face ID.

In some markets, set up Pay by Bank once and enjoy seamless, one-click payments every time.

See Pay by Bank in action in our Use Case Library.

We cover all the bases

Settlement accounts

Get real-time visibility and control over bank account transactions and balances with dedicated UK and/or EU settlement accounts.

Customisable UX

Your platform, your brand. Customise payment flows to fit your needs. Easily embed into any experience with Pay by Bank Links and QR codes.

Instant payouts

Send secure, instant payouts to verified consumer bank accounts in 21 European markets. All fully automated via API.

Licensing as a service

Use our plug-and-play payment flows and go to market faster under our licences (PISP/AISP, UK/Europe) for open banking.

Growth services

Drive adoption and maximise the benefits of Pay by Bank with our collaborative training, advisory and support services.

Built for scale

As the most experienced provider to own and operate a Pay by Bank network, we offer the scale and expertise challenger banks, remittance platforms and digital wallets demand.

Partner with the best in the business

A complete solution

One partner for the easiest access to leading Pay by Bank schemes, the broadest acceptance, highest conversions and fastest time to success.

Unrivalled acceptance

Reach more payers in more markets. Initiate payments to over 567 million bank accounts in the UK & Europe through our unrivalled Pay by Bank network.

Expand to new markets

Limited by your current provider? Partner with Token.io to expand your Pay by Bank solution, enhance your resiliency and boost your performance.

PAY BY BANK INFRASTRUCTURE

Powering leading Pay by Bank schemes and unrivalled open banking connectivity.

Cutting-edge infrastructure

Explore our products

  • PAYMENTS\ \ Industry-leading Pay by Bank solutions](/content/payments/index.html)
  • VRP\ \ One-click, recurring and automated bank payments](/content/variable-recurring-payments/index.html)
  • PAYOUTS\ \ Real-time payouts and withdrawals](/content/payouts/index.html)
  • DATA\ \ Data solutions for smarter payments](/content/products/token-data/index.html)

Pay by Bank for other industries

  • \ \ Payments](/content/industries/payments-industry/index.html)
  • \ \ Banking](/content/industries/industry-bank/index.html)
  • \ \ Ecommerce](/content/industries/ecommerce/index.html)
  • \ \ Crypto](/content/industries/crypto/index.html)
  • \ \ iGaming](/content/industries/igaming/index.html)

Recent awards

Merchant Payment Ecosystem Awards

Winner: Best Open Banking / A2A Payment Solution 2026

Juniper Research Future Digital Awards

Winner: Best A2A Payments Platform 2025

Open Banking Expo Awards

Winner: Best Open Banking Payment Project 2025 - Consumer