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

Cutting-Edge A2A Payment Infrastructure

For world-leading banks

Tap into a world of potential

Increase deposits

Accept Pay by Bank for instant loan and credit card repayments, insurance premiums and more. Delight customers and lower processing costs to a fraction of alternatives.

Gain an edge

Launch Pay by Bank as a turnkey product to enable your business customers to accept instant bank payments in 21 markets. Generate new revenue with an in-demand payment solution.

Win new business

Bring your existing Pay by Bank solution to new markets and enhance your resiliency with Token.io’s industry-leading Pay by Bank solution provider for banks.

HSBC
Santander
BNP Paribas

Major UK merchants and issuers rely on HSBC Open Payments to maximize their success rates and minimize their processing costs.

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Santander leverages Token.io’s infrastructure to offer payment directly from an external bank account as a credit card repayment option. Santander will also utilize Token.io's cutting-edge infrastructure to modernize real-time money movement for its retail banking clients.

Instanea is a new instant payment proposition for merchants. Powered by Token.io’s infrastructure, Instanea is integrated with the Axepta gateway and POS systems.

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Token’s technology has equipped us with an unrivaled breadth of API connectivity, enabling us to reach merchants across our domestic markets. Token has also given us the tools to develop compelling merchant services.

Carlo Bovero

Head of Cards and Innovative Payments, BNP Paribas

Industrial-strength infrastructure

Lower costs

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

Streamline onboarding

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

Reduce abandonment

Never miss an opportunity. Through our unrivaled network, nearly anyone with an EU or UK bank account can instantly deposit with Pay by Bank.

Simplify operations & UX

Eliminate reconciliation issues and provide a smoother user experience with pre-populated payment references.

Pay by Bank anywhere

Embed flexible, reusable links in invoices, present Pay by Bank at point of sale, or enable seamless P2P payments with Pay by Bank Links.

Brand it your way

Your solution, your brand. Customize payment flows to fit your needs. Easily embed Pay by Bank into any experience, channel, or device.

Experience seamless payments with Pay by Bank.

Users easily pay or deposit in a few clicks, authenticating directly with their bank (fingerprint or face ID) and approving payments with smooth app-to-app redirection. In select markets, one-click payments are also available.

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

Partner with the leader for banks

Unrivaled acceptance

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

Built for banks

As a critical infrastructure provider to Europe’s largest banks, our platform and service have the scale to suit your needs.

Growth services

Drive adoption and maximize the benefits of Pay by Bank with industry-leading advisory and support services.

Certificate management

Save time and effort. Let us manage the complexity of registering your certificates and renewals.

Smarter lending

Access account balances and transaction history for smarter lending and affordability assessments.

Smarter payments

Instantly check account balances to minimize failed loan and credit card payments.

PAY BY BANK INFRASTRUCTURE

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

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Explore our

Cutting-edge 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)
DATA

Data solutions for smarter payments](/content/products/token-data/index.html)
PAYOUTS

Real-time payouts and withdrawals](/content/payouts/index.html)

Pay by Bank for other industries

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