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

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