Banked

Banked is a Pay by Bank (account-to-account) network that, according to the company, lets PSPs and merchants accept instant bank transfers at a low cost. It was founded in 2018 and is headquartered across London, the United States and Australia.

Products The company lists Pay by Bank Checkout, a white-label offering for PSPs and banks, PayTo in Australia, FedNow and RTP in the United States, and Open Banking in the UK and EU. One provider therefore covers several national instant-payment schemes.

Markets and pricing Stated coverage is the United Kingdom, the EU, the United States and Australia. Monetisation is described as a wholesale tariff for PSPs plus a per-transaction fee; exact rates are not published and are worth confirming directly.

Customers and partners Target verticals are PSPs, banks, retail, e-commerce and ticketing. Banked names Bank of America, NAB and Insight Partners as strategic partners and says it acquired Waave in Australia.

For a PSP the white-label route is the one aimed at adding bank-transfer payments under its own brand, while merchants in retail, e-commerce and ticketing are the direct users of the checkout.