TrueLayer

TrueLayer is a leading open banking platform designed to facilitate secure and efficient financial transactions. It enables businesses to connect with banks and financial institutions across Europe, allowing users to make payments directly from their bank accounts through a single API connection. This approach simplifies the payment process, enhancing conversion rates and customer retention.

Key features of TrueLayer include Pay by Bank, which streamlines payments for higher conversion rates, and Instant Payouts, which eliminates the need for lengthy waiting periods associated with traditional card transactions. The platform also supports Variable Recurring Payments (VRPs), allowing businesses to set flexible repayment plans or automate savings and investments. Additionally, TrueLayer offers Payment Links, enabling instant payments without requiring setup, and supports multiple languages to cater to diverse markets.

TrueLayer's services are particularly beneficial for industries such as e-commerce, travel, financial services, crypto, and iGaming. The platform ensures compliance with UK and EU data protection laws, providing a secure environment for financial data exchange. By leveraging TrueLayer, businesses can improve their payment processing capabilities, enhance customer experience, and expand their reach across various markets.