Latest news with #PayByBank
Finextra
6 days ago
- Business
- Finextra
Zimpler becomes Certified Payment Institution in Brazil
Zimpler, a leading Swedish company in Pay-by-bank solutions, has become a certified Payment Institution (PI) in Brazil, authorized by the Central Bank. 0 Now Zimpler is allowed to facilitate payments and other Open Finance ecosystem resources, streamlining the checkout process and reducing friction by allowing direct transactions without redirecting users to bank apps. This movement solidifies Zimpler's plans and structure in Brazil. 'We are thrilled to receive this authorization from the Brazilian Central Bank. The recognition of Zimpler as a payment initiator reinforces our commitment to this local market, which offers a great opportunity for growth and value in a very dynamic and competitive environment', says Johan Strand, CEO of Zimpler. The authorization, which also allows Zimpler to act as an electronic money institution, strengthens the Open Finance ecosystem in Brazil, one of the most advanced in the world and which now welcomes the leading payments fintech from Sweden. Businesses looking to thrive in the country can now benefit from the Zimpler's seamless payment experience, giving them a competitive edge in a dynamic and fast-moving market. 'This milestone showcases the strength of Swedish innovation and the mutual benefits that come from closer economic collaboration between Sweden and Brazil,' said Andreas Rentner, Trade Commissioner and Country Manager of Business Sweden in Brazil. 'Sweden has long been a leader in financial technology, and we are proud to see companies like Zimpler bring their experience and trusted solutions to contribute to Brazil's dynamic digital economy.' The Brazilian Open Finance ecosystem has more than 64 million active consents and more than 42 million clients, according to the Open Finance Brasil website. As one of the most innovative markets, it keeps attracting leading fintechs from all over the world. One of them is Zimpler, which has recently become the first payment initiator for Swish, the Swedish equivalent of Pix, revolutionizing Sweden's financial ecosystem and turning the company into one of Europe's leading payments fintechs. 'With our experience powering over 80% of Sweden's population through Swish, we're bringing the same proven technology and approach to Brazil through Pix, one of the most successful real-time payment systems in the world. We're looking forward to helping businesses unlock the full potential of Open Finance in Brazil with seamless, secure payments that drive market growth', Strand added. The authorization by the Central Bank is another step in strengthening Zimpler's foundation in Brazil, following the opening of its São Paulo office in 2022. The company remains focused on expanding its footprint and deepening its partnerships across key verticals such as iGaming, where it sees strong growth potential.
Finextra
29-05-2025
- Business
- Finextra
TrueLayer enters the gaming market
TrueLayer, Europe's leading Pay by Bank network, today announced a landmark partnership with Tebex, the growth and monetisation platform for game studios and private game servers. 0 The agreement marks TrueLayer's first client in the video gaming industry, opening a new growth channel for Pay by Bank and an indicator of the future of game monetisation. With over 30,000 creators and more than $1 billion in global sales processed, Tebex is the infrastructure behind the microtransaction economies of some of the world's most successful gaming companies, including highly-popular Minecraft game servers Wynncraft, Hypixel and Rockstar Studio through their FiveM role playing servers. By integrating TrueLayer's Pay by Bank solution into its platform, Tebex will offer gamers a fast, safe, and convenient way to pay, while ensuring studios and creators get paid faster and more securely. 'We're here to give creators the infrastructure they need to scale sustainably, and payments are a huge part of that. With TrueLayer's Pay by Bank, we're removing friction, slashing fees, and helping studios and creators get paid faster and more securely. It's a win for players too, because it means fewer steps, no redirects, and a checkout experience that simply works,' commented Liam Wiltshire, Head of Payments & Compliance (Tebex), Overwolf. Tebex has added Truelayer's Pay by Bank technology to its checkout in UK, Germany, France, Belgium and Spain, giving studios and server hosts in these markets a high-converting, low-cost payment option for their web stores. With TrueLayer's Pay by Bank solution, players can pay directly from their bank in a few taps, with no card fees, chargebacks, or redirects. Powering the Next Evolution in Game Monetisation In 2024 alone, the global gaming industry spent $187.7 billion, and is expected to reach $213.3 billion in 2027 [1]. Yet traditional payment methods struggle to keep up. Cards can fail, chargebacks are a constant threat to creators and studios, and hidden fees eat into margins for both studios and server owners. By contrast, TrueLayer's Pay by Bank brings: • A digital-native payment experience: An instant and digital experience - with no need for a physical card - meets the UX expectation of modern gamers. • Lower fees: No card networks, no intermediaries, no surprises. • Reduced fraud: Every payment is bank-authenticated and SCA-compliant by design. 'Gaming is a cultural force and a commerce juggernaut — and it's a perfect fit for Pay by Bank,' said Ben Morris, TrueLayer's Commercial Lead. 'Tebex is the gold standard for game monetisation, and we're thrilled to help power the next chapter of growth for their creators.
Zawya
21-05-2025
- Business
- Zawya
Paysky unveils 'Pay by Bank' at Seamless Middle East, redefining the future of digital payments
Paysky, a fintech pioneer operating in 18 markets across the Middle East and Africa, has officially launched its 'Pay by Bank' service during Seamless Middle East 2025, held in Dubai from 20th to 22nd May. This transformative solution enables direct Account-to-Account (A2A) payments, allowing banks, merchants, and individuals users to bypass legacy payment routes and benefit from faster, cheaper, and more secure transactions. For decades, digital payments have been dominated by costly and complex layers of infrastructure that extract fees at every step. 'Pay by Bank' changes that by enabling real-time transfers directly between bank accounts, eliminating unnecessary intermediaries, and placing full control back into the hands of financial institutions and businesses. The new service delivers significant advantages. By removing dependency on third-party routing networks, 'Pay by Bank' reduces transaction fees, accelerates settlement times, and improves transparency across the payment chain. It reflects Paysky's commitment to building smarter infrastructure that supports the evolving needs of the digital economy. Dr. Waleed Sadek, CEO of Paysky, stated from the exhibition floor: 'The digital economy has moved forward, but the infrastructure powering it is still stuck in the past. With 'Pay by Bank', we're giving financial institutions and merchants a powerful alternative—fast, affordable, and built for scale. This is how we make financial inclusion a reality, not just a vision.' 'Pay by Bank' is already integrated across a range of use cases, including QR payments, e-commerce checkout, recurring payments and in-store face-to-face transactions via NFC and QR scanning. Whether online or offline, merchants can now accept direct payments from consumers' bank accounts, streamlining the customer journey and improving business efficiency. Paysky is currently engaged with several leading financial institutions across Africa to execute the rollout of 'Pay by Bank'. The company is also actively powering the Central banks of 10 countries with national-level payment gateway infrastructure, reinforcing its leadership in enabling sovereign and scalable digital financial ecosystems. Founded in 2017, Paysky has grown into a regional powerhouse in digital payment infrastructure, serving over 250 financial institutions and reaching more than 600 million users. With a mission to democratize access to financial services, Paysky continues to empower governments, banks, businesses, and individuals through innovation and inclusive digital platforms. By launching 'Pay by Bank' from the heart of Seamless Middle East 2025, Paysky is making a bold statement: The future of payments isn't locked behind legacy networks. It's open, direct, cost efficient and designed for a world that demands speed, security, and independence.
Finextra
07-05-2025
- Business
- Finextra
TrueLayer hits $10 billion a month milestone
TrueLayer, Europe's fastest growing payments network, has announced its biggest month ever, processing over $10 billion in total payment volume (TPV) in April – equivalent to more than $100 billion on an annualised basis. 0 TrueLayer is rapidly becoming the go-to choice for instant, secure and low-cost payments across sectors, including eCommerce, food and beverage. During Q1 alone, the platform gained over 500k new users per month, reaching 13 million users in April - reinforcing its position as the clear category leader in Pay by Bank. 'Consumers and merchants are moving en masse to Pay by Bank - and they're choosing TrueLayer', said Francesco Simoneschi, CEO and Co-Founder of TrueLayer. 'This isn't just about volume. It's about velocity. We're building the real-time payment network for Europe and the momentum that we're seeing proves that we're solving a real problem for both sides of the market.' TrueLayer's rapid growth is being driven by consumer demand for simple, instant payments and instant refunds, and by merchant demand for instant, low cost, secure payment methods that eliminate the possibility of card fraud By embedding these payments into checkout flows, merchants like Ryanair, Revolut and Just Eat are not only enhancing their customer experience, but they are increasing their checkout conversion and decreasing their payment costs - all while driving industry-wide adoption and educating millions of consumers in the process.
