TrueLayer

What it does

Questions people ask

1. What are the main benefits of Pay by Bank payments?

   Pay by Bank offers multiple benefits including lowering payment costs by 40% through eliminating card intermediaries and fraud-related charges, increasing average order value by 20% by reducing checkout friction, and improving customer conversion with 71% of customers choosing Pay by Bank over traditional methods. Customers prefer Pay by Bank because it eliminates the need to carry or enter card details, provides security through banking app confirmation, and prevents fraud entirely.

2. How does TrueLayer's network size impact merchants?

   TrueLayer operates Europe's fastest growing Pay by Bank network with over 30 million consumers. A new user joins the network every 3 seconds, providing merchants access to a rapidly growing user base. TrueLayer handles 47% of all Pay by Bank transactions and processes over $150 billion in annualised payment volume, making it the infrastructure of choice for enterprise businesses.

3. How is TrueLayer regulated?

   TrueLayer is authorised and regulated by the UK Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011, with Firm Reference Number 901096.