Spotlight on Bank Payment Integration: Expanding Possibilities and Applications

The Money Platform is set to host a 'In Focus' webinar series, with Ellie Duncan, head of content at Open Banking Expo, as the host. The series will focus on the adoption of Pay by Bank as a payment method, and aims to compare it with other payment methods and encourage further adoption among customers.

Matt Jackson, VP partner management at Token.io, and Clare Haskins, head of revenue operations at Ecommpay, will be participating in the webinar. George Huntley, chief executive officer at The Money Platform, will also be present.

The webinar series is open for participation from 196 countries worldwide, including Canada, United Kingdom, United States, Afghanistan, Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua & Barbuda, Argentina, Armenia, Aruba, Ascension Island, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Botswana, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Caribbean Netherlands, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo - Brazzaville, Congo - Kinshasa, Cook Islands, Costa Rica, Côte d'Ivoire, Croatia, Cuba, Curaçao, Cyprus, Czechia, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macao SAR China, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Korea, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Russia, Rwanda, Samoa, San Marino, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, St. Barthélemy, St. Helena, St. Kitts & Nevis, St. Lucia, St. Martin, St. Pierre & Miquelon, St. Vincent & Grenadines, Sudan, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad & Tobago, Tunisia, Turkey, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Virgin Islands, Uganda, Ukraine, United Arab Emirates, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam, Wallis & Futuna, Western Sahara, Yemen, Zambia, Zimbabwe.

The Money Platform's adoption of Pay by Bank aligns with a global trend towards increased use of account-to-account (A2A) payment methods. These methods enable direct bank transfers without intermediaries, offering lower costs and enhanced convenience. While Pay by Bank adoption is growing rapidly in countries like Australia, where the focus has been on faster and easier payments, other regions such as Brazil and India have pursued similar A2A systems primarily to increase financial inclusion rather than speed alone.

Compared to other payment methods internationally, such as card payments and stablecoins, Pay by Bank stands out for its cost efficiency and security benefits. For example, in the U.S., 70% of consumers showed preference for Pay by Bank if incentivized, and many financial institutions are prioritizing real-time payments infrastructure to support it. Meanwhile, in Latin America, rapid growth in fintech and neobank adoption—including Brazil’s Nubank with 90 million accounts—suggests a fertile ground for A2A payment methods like Pay by Bank to thrive alongside instant payment systems such as Pix.

In contrast, stablecoins and card networks remain important in cross-border and high-volume merchant payments, especially in regions like Latin America and Asia where regulatory and market dynamics differ. However, Pay by Bank methods tend to emphasize domestic, direct bank-to-bank transfers that bypass card networks, appealing to SMBs and consumers seeking lower fees and simpler experiences.

In summary, The Money Platform’s Pay by Bank adoption mirrors broader trends in countries prioritizing real-time, inclusive, and cost-effective payment solutions, with notable variations in motivation and payment ecosystem maturity across regions like Australia, Brazil, and the U.S. The upcoming webinar series promises to delve deeper into these topics and discuss the future of Pay by Bank adoption.

The webinar series, hosted by Ellie Duncan and focusing on Pay by Bank, is open for participation from 196 countries worldwide, including finance and business-focused nations like Canada, United Kingdom, United States, and emerging markets such as Afghanistan, Azerbaijan, and Nigeria.
In contrast to other payment methods like card payments and stablecoins, Pay by Bank, as adopted by The Money Platform, stands out for its cost efficiency and security benefits, as shown in countries like the United States and Brazil, where consumers and financial institutions are increasingly embracing this method.
With the upcoming webinar series, participants can discuss the future of Pay by Bank adoption, learn about the technology underpinning it, and explore its potential impact on open banking events and the overall finance and business landscape.