European Open Banking payment network TrueLayer has partnered with payments orchestration platform BR-DGE to bring Pay by Bank to enterprise businesses globally.
Through the partnership, BR-DGE will add Pay by Bank, which is driven by Open Banking technology, to its suite of payment options.
BR-DGE works with enterprises businesses in sectors including transport, travel, igaming, digital goods and online retail, and its platform provides access to multiple banks, payment methods and other payment-related services via a single integration.
In a statement, BR-DGE said the partnership recognises the growth in Pay by Bank, particularly in the UK, but also across Europe and further afield.
Research by TrueLayer has found that two-thirds of online shoppers are comfortable trying Pay by Bank if offered.
Mariko Beising, vice president, financial services and payment partnerships at TrueLayer, said: “Pay by Bank — and Open Banking more generally — is no longer an idea on the distant horizon, it’s right in front of us.
“Consumer adoption is growing rapidly, and merchants increasingly recognise the benefits, namely its real-time settlement, high-converting user experience and bank-grade security. BR-DGE is leading the way in payment orchestration and we’re delighted to partner with them to offer Pay by Bank to its merchants.”
Tom Voaden, vice president, commercial at BR-DGE, said working with TrueLayer to add Pay by Bank will enable BR-DGE to further advance interoperability in the payments ecosystem.
“This collaboration not only simplifies connectivity and expands payment options but also positions BR-DGE to drive industry standards for open, interconnected networks – future-proofing our platform for continued growth and innovation,” he added.
In September 2024, TrueLayer expanded its partnership with Stripe to provide the technology behind Stripe’s Pay by Bank offering across its payment products in the UK.
