Fast. Secure.
Cost Effective.
Accept payments via bank transfer from your customers today, and harness the revolution in Open Banking.
Open Banking is the new way for merchants to accept payments.
Customers pay via bank transfer, sending funds directly from their bank account to the merchant. It is fast and secure, all with no cards and no data entry.
And by using Nuapay’s Open Banking solution, merchants also get all the features expected of a modern payment method. With Nuapay, refunds, recurring payments, instalment plans, and full reconciliations, are already part of our solution.
Fast
Fast and simple customer checkout with no card details to enter
Merchant receives money (and sends refunds) in real-time
Set up instalment plans or recurring payments with one extra click
Real-time webhooks to confirm payment status
Secure
Fully SCA compliant payment method
Consumers connect securely to their internet / mobile banking to make a payment
Fraud free by design
No credentials or account details disclosed to merchant
No PCI DSS requirements
Cost Effective
One, simple, low-cost fee
No charges on failed or declined transactions
No chargebacks, minimising back office headaches
Full reconciliation files to support easy servicing
Simple API integration
How does Open Banking work?
Open Banking is a new way to pay, enabled by the European PSD2 regulations. Using Open Banking, customers initiate a payment to a merchant or corporate using their mobile banking App or online banking webportal, in exactly the same way that they initiate a bank transfer. Funds are then transferred to the merchant immediately using the real-time banking rails.
Why use Nuapay?
Nuapay is a pioneer and industry leader in Open Banking payments. Our API based payment method, provides a complete payment solution that addresses all of your needs, whether you be a PSP, merchant, or a payer. Our solution provides:
Complete payment functionality
Unlike other providers, we power the full set of payments, including refunds or outbound payments, recurring payments and instalment plans
Comprehensive bank coverage
Nuapay is a single connection to all major banks in the UK and a growing number of connections across Europe, supporting payments from your customers no matter where they bank
Immediately accessible funds
Funds are immediately available in your bank account, or can be batched to your account at a frequency that suits you. Either way, we provide complete reconciliations, ensuring no payments are missed
Modern API integration
Integrate into our Open Banking payment method through our industry leading APIs, including webhooks for easy, real-time integration into your customer journey
24/7 live operations
We are a trusted payment provider to major banks and PSPs across Europe, ensuring we have the scale and capability to power your payments 24/7
Support for PSPs
Our solution is available to be white-labelled and/or distributed by PSPs. We provide hierarchical account structures with virtual accounts to support PSPs distributing at scale or using “Collecting on behalf of” payment models
How does Nuapay compare?
Nuapay is licenced by the FCA as an Authorised Payment Institution, including permission to operate as a Payment Initiation Service Provider (PISP), enabling us to power this full set of payment functionality
Additional Resources
Open Banking World Series Report
See the benefits of Open Banking solutions and why merchants are starting to adopt these payment methods
Future of Open Banking with Worldpay
Find out more about how Open Banking is changing payments from one of the leaders in the payments industry, Worldpay
Integration
guides:
API docs
See how easy it is to connect to our APIs to start accepting payments direct from your customers’ bank accounts today
