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

## Level-up your player experience

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### Instant payments

Drive player loyalty and build trust with lightning-fast deposits and cash-outs directly to and from verified bank accounts.

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### Minimise fraud

Every payment is authenticated directly with a bank, with SCA is seamlessly baked-in, protecting you and your users. Never share or store sensitive payment details.

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### Smooth onboarding

Up to 50% of new users abandon onboarding due to friction. Instantly source identity data and verify bank account ownership for faster, easier KYC checks.

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### Reduce abandonment

Nearly any player with a UK or EU bank account can deposit with Pay by Bank, with success rates over 95% in top markets.

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### Stand out

Industry research shows fast payouts are the most important factor players consider when comparing iGaming brands. Take the lead with Pay by Bank.

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### Lower costs

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

Players can deposit instantly with Pay by Bank using biometric authentication, completing transactions in just a few clicks. In some markets, a one-time setup allows for convenient one-click deposits in the future.

See Pay by Bank in action. Explore our [Use Case Library.](https://media.token.io/use-case-library)

## We cover all the bases

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### 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.

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### Growth services

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

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### Licencing 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.

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### Smoother payouts

Eliminate penny checks and manual processes. Automatically verify account ownership before making an instant payout.

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### Support compliance

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

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### No chargebacks

Eliminate the revenue losses, cashflow disruptions and operational burdens of chargebacks.

## Partner with the best in the business

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### 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.

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### 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.

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### Built for scale

Our platform and service have the scale to suit the UK and Europe’s largest operators.

## PAY BY BANK INFRASTRUCTURE

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

[see coverage](/content/coverage/index.html)

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)

## Pay by Bank for other industries

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  Crypto](/content/industries/crypto/index.html)
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  Ecommerce](/content/industries/ecommerce/index.html)
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  Payments](/content/industries/payments-industry/index.html)
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  Fintech & Financial Services](/content/industries/fintech-financial-services-industry/index.html)
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  Banking](/content/industries/industry-bank/index.html)

## Recent awards

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### Merchant Payment Ecosystem Awards

Winner: Best Open Banking / A2A Payment Solution 2026

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### Juniper Research Future Digital Awards

Winner: Best A2A Payments Platform 2025

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### Open Banking Expo Awards

Winner: Best Open Banking Payment Project 2025 - Consumer

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