TrueLayer

TrueLayer provides an open banking platform that enables merchants to offer Pay by Bank solutions, reducing payment processing fees and eliminating the need for traditional card networks. The platform supports faster and more secure online payments, allowing businesses to onboard users, accept payments, and make payouts efficiently. TrueLayer's network is designed for enterprise businesses, handling a significant share of UK Pay by Bank transactions. It aims to simplify the payment process for consumers and businesses by leveraging modern digital payment methods.