BR-DGE and TrueLayer enhance interoperability with Pay by Bank

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TrueLayer, an Open Banking payments network, has partnered with BR-DGE, a payments orchestration platform, to bring Pay by Bank to global enterprises.

Following this agreement, BR-DGE will add Pay by Bank to its suite of payment options. This will ensure that the merchants it works with will be able to benefit from the rising adoption of this method. 

According to TrueLayer, Pay by Bank sees over 20 million payments a month in the UK alone, and two-thirds of online shoppers are comfortable in trying Pay by Bank if offered.

Mariko Beising, VP of Financial Services and Payment Partnerships at TrueLayer, commented: “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.”

BR-DGE works with global enterprise businesses in sectors such as transport, travel, igaming, digital goods and online retail. Its single integration aims to connect merchants to a comprehensive ecosystem of payment methods, fraud solutions, PSP and more, with a focus on interoperability.

Tom Voaden, VP of Commercial at BR-DGE, said: “At BR-DGE, we’re really excited about this new partnership with TrueLayer, so we can further advance interoperability in the payments ecosystem with the addition of Pay by Bank. 

“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.”

In a conversation with Payment Expert before Christmas, Francesco Simoneschi, Co-Founder and CEO of TrueLayer, highlighted the significant role Pay by Bank will have in ecommerce this year.

Simoneschi noted: “Solutions like Pay by Bank are stepping up, offering payments that are faster, more secure and more reliable. So, 2025 will be a battle for checkout share among Pay by Bank, BNPL, Card payment schemes and others. 

“Expect to see a dogfight that brings long overdue innovation and pricing competition to consumers and merchants.”