18 Feb 2025
Fabrick Partners with Token.io to Expand Pay by Bank to UK
Fabrick will leverage Token.io’s A2A payment connectivity and infrastructure to enable its B2B and B2C customers to accept Pay by Bank in the UK
Account-to-account (A2A) payment infrastructure provider, Token.io, today announces a new partnership with payment orchestrator, Fabrick, to expand the benefits and adoption of A2A payments. Fabrick's B2B and B2C customers will now be able to accept and offer open banking-enabled A2A payments (also called 'Pay by Bank') to nearly anyone with a bank account in the United Kingdom, where 950,000 Britons tried Pay by Bank for the first time in December.(1)
Token.io's industry-leading open banking connectivity will support Fabrick's efforts to stay at the forefront of Europe's rapidly evolving A2A payments landscape, which will see 3 in 4 consumers Pay by Bank by 2029.(2) Real-time Pay by Bank delivers substantial benefits over traditional payment methods, eliminating intermediaries to reduce processing costs and increase cash flow. Without manual entry of sensitive data, users authenticate payments directly from their mobile banking app for a fast, convenient and secure payment experience.
Paolo Zaccardi, CEO of Fabrick, comments: “We integrate the best solutions into the platform with the aim of enabling merchants and large companies to offer the most innovative payment solutions, supporting them in developing their business in different target markets. Account-to-account payments, thanks to their ability to offer faster, more secure and cost-effective transactions, represent a crucial innovation. The collaboration with Token.io fits into our internationalization strategy and allows us to expand our offer, already available throughout Europe, to the British market as well. The choice of Token.io as a partner is based on the robustness of their technology, which is intuitive and easily integrated; in an ever-changing market environment, it will enable us to develop new use cases and expand opportunities for our customers”.
Todd Clyde, CEO of Token.io, comments: “Pay by Bank transactions grew 75% in the UK last year, while the country’s National Payment Vision sets out clear ambitions to further develop A2A payments for e-commerce. Against this backdrop, businesses are looking to their payment providers to keep up. Our work with Fabrick is another example of how Token.io helps the payments industry capitalise on new capabilities and leverage open banking to respond to the evolving needs of businesses.”
Fabrick is a licensed Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP), and one of Europe’s leading providers of embedded payment solutions. Through its Payment Orchestra™ platform, Fabrick accepts and manages A2A payments for customers across Italy, Spain, France, Portugal, and now the UK.
Recognised as one of the top two A2A payment infrastructure providers globally by independent analysts,(3) Token.io combines the industry's highest performing, broadest and deepest open banking connectivity with whitelabel infrastructure and a proven service methodology that enables payment and financial institutions to seamlessly launch and grow Pay by Bank solutions in 21 European markets.
ENDS
Media contacts
Fabrick
Angèlia BC-Communication
Rita Arcuri – Mob.333 2608159
Carlo Sardanu – Mob.375 8856565
Token.io
iseepr
Beckie Richardson — Mob. +44 (0) 113 350 1922
beckie@iseepr.co.uk
Token.io
Token.io’s market-leading open banking connectivity and account-to-account payment infrastructure make it the partner of choice for Europe’s leading payment and financial institutions. With the deepest and highest direct connectivity to over 80% of bank accounts (567 million accounts) in each of its 21 supported markets, Token.io ensures unparalleled access to a vast, real-time payment network. The company’s solution is proven by a blue-chip clientele, including HSBC, Mastercard, BNP Paribas, Santander, ACI Worldwide and Global Payments.
For more information, visit token.io
Fabrick
Since 2018, Fabrick has been a leading reference for continuous innovation for its clients: businesses, fintech companies, and banks. Through an open platform model, Fabrick simplifies the value chain for companies with easy-to-integrate Open Finance solutions, enabling businesses of any size and sector to incorporate digital financial services into their offerings, with a quick time to market. This allows them to seize new business opportunities or enhance their customer experience.
Fabrick is associated with innovative entities such as Codd&Date, Dpixel, Fabrick Solutions Spain S.L., Alternative Payment Ltd (operating under the Judopay brand), and Fintech District, the international reference community for the fintech sector in Italy, with over 300 fintech members. Fabrick is owned by the Sella Group, Mastercard, and the Reale Mutua Group.
With offices in Milan, Turin, Biella, and Rome, Fabrick operates internationally through its subsidiaries inMadrid, Lugano, and London.
For more information, visit www.fabrick.com