Latest news with #TrueLayer
Business Wire
07-07-2025
- Business
- Business Wire
Zap Launches New Payments Offering, Powered by TrueLayer and DNA Payments
LONDON--(BUSINESS WIRE)--Zap, a leading digital design and marketing agency, has launched its new payments product alongside Zap Cashier, a service that promises a seamless payment experience, embedded directly into Zap's technology platform. Zap's payment functionality is secured by TrueLayer, Europe's foremost Pay by Bank provider and DNA Payments, one of Europe's leading independent players in card payments. Over a quarter of Zap's clients are already using the service. The launch comes on the back of rising demand from end users and merchants to deliver faster, smoother payment journeys, features that are essential in the highly competitive gaming space. With Zap Cashier, end-users will enjoy a fully integrated pay-in and pay-out journey, eliminating the need for manual bank transfers. For merchants, Zap Cashier is already delivering significant time and cost savings, with less administration needed thanks to its full integration with the Zap platform. The service will also deliver enhanced customer support for Zap's clients and their users. Capital Competitions have been an early adopter of Zap's payment proposition. Jamie Jackson, Director at Capital Competitions said: "Since moving to Zap our customer feedback has been great. The flow is clear and easy to use. We have noticed a much higher acceptance rate with less payment declines. The interface is simple and easy to use with great reporting tools on revenue received." Steven Sefton Digital Director at Zap said: 'This is the culmination of over a year's worth of development to deliver our customers a better player experience. It's a pleasure to be working with DNA Payments and TrueLayer to deliver better services to platforms and their users alike.' 'Pay by Bank is redefining how platforms handle payments,' said Mariko Beising, VP Partnerships at TrueLayer. 'Zap's move reflects the broader shift we're seeing: businesses across industries are turning to Pay by Bank to deliver better user experiences and lower payment costs.' Colin Neil, Head of Corporate at DNA Payments, added: 'Simple, unified payments are the foundation of a great user experience and are an absolute necessity across a number of sectors. With our market-leading payment platform and Zap's drive to deliver the best competition system in the UK, we're able to deliver a best-in-class experience for site owners and users.' DNA Payments has direct plugins with leading eCommerce CMS platforms like Big Commerce and WooCommerce, underpinned by its leading checkout payments gateway. This unrivalled expertise in online payments allowed the team to help bring this product to market. About ZAP Zap is a UK-based technology and marketing company that builds and supports platforms for competition and raffle businesses. As the longest-serving provider in the space, Zap is trusted by hundreds of businesses for its secure, scalable, and entirely in-house platform. About DNA Payments DNA Payments is a leading independent, full-service omnichannel payments provider, offering a wide range of payment solutions to businesses of all sizes. With a focus on innovation and customer service, DNA Payments empowers businesses to accept payments seamlessly across all channels. About TrueLayer TrueLayer is Europe's fastest growing payments network. We power smarter, safer and faster online payments by combining real-time bank payments with financial and identity data. Businesses use our products to onboard new users, accept money and make payouts in seconds, and at scale. We're live across 21 countries and more than 15 million users trust us to process their transactions. Though we're not stopping here. We're on a mission to change the way the world pays. And we won't stop until we've unlocked the full potential of payments.
FF News
03-07-2025
- Business
- FF News
Stripe Announces Upcoming Launch of Pay by Bank in France and Germany, in Partnership With TrueLayer
Stripe has announced the launch of Stripe Pay by Bank in France and Germany. This product builds on the successful partnership between Stripe and TrueLayer in the UK, where Pay by Bank has revolutionised payments for both merchants and customers. By offering a direct Pay by Bank payment method, Stripe is streamlining the checkout experience for French and German businesses, improving conversion rates and significantly reducing transaction fees. With Pay by Bank payments consumers bypass entering card details and instead authorise payment directly from their bank accounts, typically via biometric methods. Stripe's Pay by Bank product leverages TrueLayer's open banking infrastructure, which connects to bank accounts across Europe. The Stripe x TrueLayer integration in France and Germany follows growing consumer adoption of Pay by Bank in both countries, where major businesses such as Ryanair have launched the payment method and introduced it to consumers. Pay by Bank payments within the European Union are expected to reach 30 billion in 2028 [1], and Germany and France – Europe's largest economies – will be a key driver of this growth. With Stripe Pay by Bank, businesses can offer customers faster checkout options and reduce costs tied to traditional card processing. Key Benefits of Stripe Pay by Bank for French and German businesses: Reduced Payment Fees : With Pay by Bank, businesses can avoid card processing fees, leading to lower overall transaction costs. : With Pay by Bank, businesses can avoid card processing fees, leading to lower overall transaction costs. Faster Transactions : Payments are processed in real-time, helping merchants to improve cash flow and reduce payment delays. : Payments are processed in real-time, helping merchants to improve cash flow and reduce payment delays. Enhanced Security : Pay by Bank leverages secure, bank-approved authentication, using biometric authentication to verify transactions. : Pay by Bank leverages secure, bank-approved authentication, using biometric authentication to verify transactions. Improved Conversion Rates: With a seamless and familiar payment method, consumers are more likely to complete transactions, improving merchants' sales outcomes. The France and Germany launches build on Truelayer's success in these markets. The two countries are TrueLayer's largest markets outside of the UK, with on the ground presence in each country and a growing customer base including local and international businesses. Annually, TrueLayer processes €2bn in Pay by Bank transactions in France and €1.4bn in Germany. In France and Germany, TrueLayer processes approximately 60% and 30% of all Pay by Bank transactions, respectively. French and German merchants see an average 42% uplift in conversion from consumers in the TrueLayer Pay by Bank network. In France and Germany, the Stripe Pay by Bank integration will soon be available to all Stripe users. The integration process is simple, and businesses can begin offering this payment option to customers immediately via Stripe's payment platform. Sebastian Vetter, TrueLayer's Country Manager Germany, added: 'Having seen the success of Stripe's TrueLayer integration in other markets, we are thrilled to bring this innovative payment solution to Germany and France. By leveraging TrueLayer's open banking infrastructure, we're enabling German and French businesses to accept payments directly from bank accounts, making transactions faster, safer, and more affordable.' The launch of Stripe Pay by Bank signals a push toward low-friction, high-speed digital payments for both merchants and consumers across Europe. Companies In This Post Stripe TrueLayer
Yahoo
03-07-2025
- Business
- Yahoo
Stripe and TrueLayer to roll out Pay by Bank in France and Germany
Payments company Stripe, in collaboration with TrueLayer, has revealed plans to launch 'Pay by Bank' payment option in France and Germany. The move represents the extension of the partnership, which began in the UK. The feature is designed to simplify the checkout process for businesses operating in France and Germany. It enables consumers to bypass the traditional entry of card details and authorise payments directly from their bank accounts, often using biometric methods such as fingerprint or facial recognition for authentication. Utilising TrueLayer's open banking infrastructure, Stripe's 'Pay by Bank' connects directly to bank accounts across Europe. Ryanair, which partnered with TrueLayer in December last year, is also implementing this payment option for their customers. TrueLayer Germany country manager Sebastian Vetter said: 'Having seen the success of Stripe's TrueLayer integration in other markets, we are thrilled to bring this innovative payment solution to Germany and France. 'By leveraging TrueLayer's open banking infrastructure, we're enabling German and French businesses to accept payments directly from bank accounts, making transactions faster, safer, and more affordable.' Businesses can avoid card processing fees, which can lead to reduced transaction costs, the TrueLayer press release said. Payments are processed in real-time, and the method employs 'secure, bank-approved' authentication protocols. TrueLayer processes €2bn in 'Pay by Bank' transactions annually in France and €1.4bn in Germany. The integration will be available to all Stripe users in France and Germany in the near future. Last month, Stripe reached an agreement to acquire Privy, a crypto wallet startup based in New York. Privy, established in 2021 by Henri Stern and Asta Li, specialises in providing developers with an API to create secure wallets, sign transactions, and integrate blockchain systems. "Stripe and TrueLayer to roll out Pay by Bank in France and Germany " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
02-07-2025
- Business
- Finextra
Stripe and TrueLayer to introduce Pay by Bank in Germany and France
Stripe, a programmable financial services company, has announced the upcoming launch of Pay by Bank in France and Germany. 0 This product builds on the successful partnership between Stripe and TrueLayer in the UK, where Pay by Bank has revolutionised payments for both merchants and customers. By offering a direct Pay by Bank payment method, Stripe is streamlining the checkout experience for French and German businesses, improving conversion rates and significantly reducing transaction fees. With Pay by Bank payments consumers bypass entering card details and instead authorise payment directly from their bank accounts, typically via biometric methods. Stripe's Pay by Bank product leverages TrueLayer's open banking infrastructure, which connects to bank accounts across Europe. The Stripe x TrueLayer integration in France and Germany follows growing consumer adoption of Pay by Bank in both countries, where major businesses such as Ryanair have launched the payment method and introduced it to consumers. Pay by Bank payments within the European Union are expected to reach 30 billion in 2028 [1], and Germany and France - Europe's largest economies - will be a key driver of this growth. Key Benefits of Pay by Bank for French and German businesses: • Reduced Payment Fees: With Pay by Bank, businesses can avoid card processing fees, leading to lower overall transaction costs. • Faster Transactions: Payments are processed in real-time, helping merchants to improve cash flow and reduce payment delays. • Enhanced Security: Pay by Bank leverages secure, bank-approved authentication, using biometric authentication to verify transactions. • Improved Conversion Rates: With a seamless and familiar payment method, consumers are more likely to complete transactions, improving merchants' sales outcomes. The France and Germany launches build on Truelayer's success in these markets. The two countries are TrueLayer's largest markets outside of the UK, with on the ground presence in each country and a growing customer base including local and international businesses. • Annually, TrueLayer processes €2bn in Pay by Bank transactions in France and €1.4bn in Germany. • In France and Germany, TrueLayer processes approximately 60% and 30% of all Pay by Bank transactions, respectively. • French and German merchants see an average 42% uplift in conversion from consumers in the TrueLayer Pay by Bank network. In France and Germany, the Pay by Bank integration will soon be available to all Stripe users. The integration process is simple, and businesses can begin offering this payment option to customers immediately via Stripe's payment platform. Sebastian Vetter, TrueLayer's Country Manager Germany, added: 'Having seen the success of Stripe's TrueLayer integration in other markets, we are thrilled to bring this innovative payment solution to Germany and France. By leveraging TrueLayer's open banking infrastructure, we're enabling German and French businesses to accept payments directly from bank accounts, making transactions faster, safer, and more affordable.'
Finextra
10-06-2025
- Business
- Finextra
TrueLayer surpasses 15 million customers
TrueLayer, Europe's fastest growing Pay by Bank provider, has surpassed 15 million active users in its consumer network, marking a significant industry milestone in the adoption of Pay by Bank in Europe. 0 With a new user now joining every 3 seconds, this rapid adoption reflects the rising demand for faster, safer and more cost-effective payments - cementing Pay by Bank's role in reshaping the payments landscape. Major European brands, including Papa Johns, Ryanair and Just Eat Takeaway, have recently integrated TrueLayer's Pay by Bank solution into their checkouts, reflecting a broader shift amongst merchants towards next-generation payment infrastructure. For these businesses, Pay by Bank delivers a superior secure payment experience whilst creating a resilient checkout not reliant on traditional card-based systems. To date, TrueLayer has processed more than $10 billion in payments in April and its platform accounts for almost half (47%) of all UK Pay by Bank transactions. This milestone reflects growing consumer demand for simple, secure ways to pay online without card details. In the UK, Pay by Bank transactions have more than tripled in the past three years, reaching over a remarkable 31 million monthly payments in March 2025. This surge in usage underscores the increasing consumer demand for payment methods that eliminate the need for card details, reduce fraud and deliver instant payment confirmation. By bypassing traditional card networks, customers and merchants alike avoid unnecessary fees while benefiting from faster, more secure transactions. For merchants, Pay by Bank offers a faster, lower-cost alternative to card payments - delivering instant settlement and reduced fraud both of which support healthier cash flow. As more consumers adopt and continue to use Pay by Bank, benefiting from more tailored experiences, merchants in return benefit from increased conversion rates and cost savings. Francesco Simoneschi, Co-Founder and CEO of TrueLayer, added: 'We're not just watching the payments industry evolve - we're driving it. Hitting 15 million active users shows that consumers want payments to be as simple and secure as possible. As our user base grows, merchants are recognising the undeniable value of Pay by Bank, reducing their costs and improving their customer experience. This milestone is just the beginning and we remain committed to broadening the scope of Pay by Bank across new verticals and enhancing its capabilities to solve real-world challenges.'
