Users
6.3MPay by Bank | |
|---|---|
pmt_pay_by_bank_app |
Pay by Bank is Mastercard’s bank-account checkout proposition in the UK. A shopper approves an eligible purchase through a participating banking app, connecting merchant payment requests with bank authentication and account funding rather than requiring entry of card credentials.
Use cases:
Channels:
Initiation:
Markets
1TPV
$6.9BTransactions
29MEstimated Monthly Usage, Aurato Research, October 2026
Capabilities
Initiation & Authentication
Funding & Requirements
Processing & Settlement
Transaction Management
Refunds & Disputes
Additional native capabilities
Markets
Estimated Monthly Usage, Aurato Research, October 2026
PSPs
Schemes
Compliance
Regulator
Bank of England
