Pay by Bank is redefining payments in the UK by allowing direct bank-to-bank transfers, removing the need for cards or third-party processors. This method enhances speed and reliability, with payments confirmed instantly through online banking apps. Businesses benefit from reduced transaction costs, stronger fraud protection, and quicker access to funds. Customers enjoy a smooth checkout process with no need to share sensitive details, adding an extra layer of trust. Supported by open banking regulations, Pay by Bank is gaining momentum across industries, offering both consumers and merchants a secure, cost-effective, and modern approach to handling digital payments.