Hereford, May 2026 – allpay has officially launched its Pay by Bank solution, giving organisations and the people they support a faster, more straightforward way to make payments directly from a bank account.
What is Pay by Bank and how does it work?
As a regulated payment service provider that offers Open Banking services, allpay Ltd has launched Pay by Bank to allow customers to securely authorise payments through their own banking app, removing the need to enter card details or complete longer checkout journeys. The result is a payment experience designed to reduce friction and improve confidence at the point of payment.
We’re removing unnecessary steps and giving them greater control at the point of payment
The launch comes as more people adopt Open Banking payments, with demand continuing to grow for simple, transparent ways to pay, particularly across essential services such as housing, utilities and local authority payments.
Michelle Pacey, Managing Director, at allpay commented:
“Pay by Bank is another step forward in how we support both organisations and the people they serve. We know that making a payment isn’t always a simple moment, it needs to be quick, clear and reliable.
By enabling customers to pay directly from their bank account, we’re removing unnecessary steps and giving them greater control at the point of payment. For our clients, it’s about improving payment success, reducing cost and offering choice. This launch reflects our continued focus on making payments easier, more accessible and better suited to how people want to pay today.”
Designed around real customer needs
With more than 800 organisations using allpay’s payment solutions, including central government, the NHS and most of the UK’s leading housing associations, Pay by Bank builds on a platform already processing over 90 million transactions each year, totalling £9.6 billion. Supporting 5.5 million end users, the launch extends allpay’s existing payment infrastructure by adding a secure, account-to-account option alongside established card acceptance services, giving organisations greater flexibility in how they collect payments while maintaining the scale, reliability and trust they depend on today.
Pay by Bank has been developed to support customers who value clarity, control and ease when making payments. By removing unnecessary steps and reducing the risk of input errors, the service helps make completing transactions quicker and less stressful.
For many users, particularly those managing tight budgets or making regular essential payments, this can make a meaningful difference to how they engage with services.
How it works
Customers select Pay by Bank at checkout, choose their bank, and authorise the payment securely within their banking app. There is no need to share bank details with the organisation, and payments are confirmed in near real time.
Supporting organisations to reduce cost and improve collections
For organisations, Pay by Bank offers a more efficient payment route with:
– Lower processing costs compared to traditional card payments
– Faster payment confirmation and improved cash flow visibility
– A reduced risk of failed or abandoned transactions
– A secure, FCA-regulated payment method
The solution integrates into allpay’s existing payment channels, supporting a consistent experience across web, mobile and assisted payment journeys.
A practical step forward for payment choice
Pay by Bank forms part of allpay’s wider commitment to giving organisations and their customers more flexible ways to pay, supporting better outcomes for both sides of the transaction.
By combining simplicity, security and speed, it provides an alternative for customers who prefer to pay directly from their bank, while helping organisations manage costs and improve payment success rates.
