eBay Introduces ‘Pay by Bank’ for UK Shoppers and Backs TrueLayer with Strategic Investment

eBay Introduces ‘Pay by Bank’ for UK Shoppers and Backs TrueLayer with Strategic Investment

eBay has partnered with Europe’s main Pay by Bank network, TrueLayer, to convey immediate, safe financial institution funds to thousands and thousands of UK patrons.

The collaboration introduces a ‘Pay by Bank’ possibility at checkout, marking a big step in the diversification of the e-commerce large’s funds combine.

Streamlining the checkout experience

With the new integration, UK patrons will pay for their purchases immediately from their financial institution accounts.

According to the announcement, the checkout experience gives a number of key advantages:

Francesco Simoneschi, CEO and co-founder of TrueLayer, commented on the rollout:“Our partnership with eBay brings Pay by Bank into the everyday shopping journey of millions of UK customers. By integrating directly into eBay’s checkout, we’re enabling instant, bank-authenticated payments at scale that allows merchants to benefit from a faster and more streamlined payment experience. This is another step towards a real-time payments ecosystem that aligns with modern consumer expectations.”

Avritti Khandurie Mittal, vp of product for eBay Services, added: “We’re constantly evolving eBay’s checkout experience to expand choice and make paying on our platform safer, faster and more seamless. Pay by Bank represents an important step in diversifying our payment mix with a secure, real-time way for buyers to pay directly from their bank accounts. Through our partnership with TrueLayer, we’re bringing this innovation to millions of UK customers while continuing to build a more modern, efficient payments experience.”

Strategic backing and scaling up

Alongside the business partnership, eBay Ventures has made a strategic funding in TrueLayer.

For the wider funds ecosystem, this development indicators a shift for Pay by Bank—transitioning from an rising fee technique to 1 working at real scale. This scaling is partly pushed by geopolitical, regulatory, and business pressures that are constructing on conventional card networks.

For TrueLayer, the eBay deal follows a 12 months of strong momentum across Europe as retailers more and more prioritise fast, secure, and versatile fee choices that align with evolving shopper preferences. The fintech platform has seen rising adoption among major e-commerce retailers, having announced an integration with Amazon just last week, along with current partnerships with Just Eat and Ryanair.

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