TrueLayer Launches Payment Links for A2A Payments via Open Banking

Today, TrueLayer, Europe's largest open banking payments network, launches payment links, a new feature that enables businesses to offer instant payments, powered by open banking, directly from an email, text message or a QR code.

To use payment links, a customer scans a QR code or clicks an online link - whether that’s through an email, chatbot conversation, text message - which takes them straight to their online bank accounts to make the payment directly to the business. This functionality can be used either online or as part of the in-store shopping experience.

Payment links are part of a new generation of innovative instant payment tools, all built to transform the payments experience and further expand the use cases for open banking in retail, ecommerce and beyond. Combined with TrueLayer's reach across Europe, this new feature will accelerate the growth of open banking payments further into the mainstream.

Payment links simplify the process of building a payments page by letting businesses create checkout pages within minutes, without the need for a website or third-party ecommerce platform integration.

Michael Brown, Head of Ecommerce at TrueLayer, said: "Powered by open banking, payment links are an easy to implement, instant to settle solution that will allow merchants to accept open banking payments anywhere: across their marketing channels, emails, texts and even in-store.

TrueLayer's payment links are yet another proof point of how open banking can be used to transform business payments and consumer experiences. It once again demonstrates TrueLayer's commitment to pushing what’s possible with open banking payments."

(Source: Finextra)