A new survey report from Token.io and Open Banking Expo has revealed that Pay by Bank has become part of banks and PSPs’ offering due to scaling merchant demand.

ValidiFI has announced that HSBC has selected its account validation and risk detection solutions to improve the integrity of bank accounts utilised to pay credit card balances.

Coinbase and Open Banking platform Tink have partnered to launch a new payment option that enables cryptocurrency purchases via Pay by Bank in Germany.

TrueLayer, a European Pay by Bank network, has signed an agreement to acquire Zimpler, a Pay by Bank network in the Nordics.

Splitwise, an app for managing shared expenses, has extended its Pay by Bank functionality to users in France, Germany and Austria through a partnership with Tink.

Fintech company Navro has announced that it has expanded its real-time, pay-to-bank capability, with the company now allowing direct payments to bank accounts in 61 countries.

The Reserve Bank of India (RBI) has directed India-based Buy Now, Pay Later provider, Simpl, to immediately stop their payment operations for failure to secure a business authorisation under the country’s Payments and Settlement Systems (PSS) Act.