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

The speed you need for the edge you want

Instant

Send payouts and withdrawals to bank accounts in 21 European markets. Settles in seconds with 24/7/365 processing.

Verified

Instantly verify bank account ownership and payout beneficiaries. All built-in as part of our standard Payouts product.

Easy

No registration. No manual data entry. No sharing or storing sensitive details.

Faster payouts are a fierce advantage

Players

Drive trust and loyalty by giving players the fastest access to winnings with instant payouts directly to GBP or EUR bank accounts.

Investors

Help investors gain an edge with instant withdrawals to verified bank accounts.

Gig workers

Boost loyalty among gig and marketplace workers with payouts that reach them in seconds, deposited directly to their bank account.

PAY BY BANK INFRASTRUCTURE

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

Unmatched speed, unrivalled control

Instant settlement

Send and settle instantly to UK and EU settlement accounts (via Faster Payments and SEPA Instant).

API-driven

Save time with fully automated API-driven payouts. Stay in control with real-time status updates.

Self-serve dashboard

Easily access and manage meaningful reporting, customisation, configuration and permission options.

Account-to-account payouts are the fastest way to get funds to your customers — and one API integration does it all.

Explore our Use Case Library to learn more .

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)

Explore Pay by Bank for your industry

Our Pay by Bank solutions solve key challenges in your industry.



  • Banking](/content/industries/industry-bank/index.html)


  • Payments](/content/industries/payments-industry/index.html)


  • Fintech & Financial Services](/content/industries/fintech-financial-services-industry/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

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