With Pay-by-Bank, consumers and businesses pay online with their bank app, in just one click. Funds are instantly received on your account and no-one pays interchange fees.
In checkout pages, business invoices with payment links or in-app with QR codes.
Instant SEPA transfers gives you instant payment confirmation, and instant money on your account.
No expiry dates. No small spend limits. No chargebacks (payment are irrevocable). And no interchange fees.
Make supplier payments easier with bulk payments. Instructions are prefilled with your bank details and references for easy accounting.
Deliver instant credit experiences, increase loan acceptance while reducing arrears and defaults.
Reduced default rate by 8-10% with flexible repayment options.
Save days of backoffice work by automating rent collection, homeowners contributions and property expenses payments
Achieved 15x growth in one year by automating rent & expenses payments
Get paid and move money your way with a complete suite of pay-in and pay-out options linked to unlimited IBAN accounts.
Offers cost-effective wallet top-up to 45M customers
Embed business accounts in SME finance software to automate cash management, collections and supplier payments.
Streamlines multi-account cash management with in-app bank transfers.
Drive users’ savings & investment goals forward with easy and cost-effective Pay by bank top-ups.
Reached 400M€ Asset Under Management, helped with Pay-by-bank top-ups.
User selects “Pay by Bank” at checkout, or clicks on a payment link
The Powens widget is prompted for users to select their bank
Users validate the payment with their bank app
Payment sent. With Instant Transfers, funds land on the beneficiary account within 10 seconds
Powens is a renowned expert for automating mission-critical payment operations, especially for lending, accounting, utility payments and international transfers. We process more than 2,4Bn€ payments a year.
Our API-first solutions are flexible enough to cover multiple business and operating models requiring multy-party account management – whether for you or your customers.
Powens’ bank connectivity supercharges payment operations by reducing fraud rate, payment failures and defaults – while streamlining accounting reconciliation.
Pay by Bank is an account-to-account payment method where consumers and businesses pay online using their bank app in just one click. It uses Instant SEPA Transfers so funds are received on your account within 10 seconds, with no interchange fees.
The flow has four steps: the user selects ‘Pay by Bank’ at checkout or clicks a payment link; the Powens widget prompts them to select their bank; the user validates the payment in their bank app; the payment is sent and with Instant Transfers, funds land on the beneficiary account within 10 seconds.
Pay by Bank has no expiry dates, no small spend limits, no chargebacks (payments are irrevocable) and no interchange fees. It also provides instant payment confirmation and instant fund availability on your account, making it faster and cheaper than card payments.
Yes. An increasing number of banks support recurring Pay by Bank and bulk Pay by Bank. Contact us for more details.
Pay by Bank can be embedded in checkout pages, business invoices with payment links, or in-app with QR codes. It supports 7 European countries and can also be used for bulk payments where instructions are pre-filled with bank details and references for easy accounting.
Powens processes 420,000+ monthly pay-ins (combining Direct Debit and Pay by Bank), with a yearly pay-in volume exceeding 1 Bn€, across 7 European countries.
Yes. Unlike card payments which often have transaction limits, Pay by Bank has no small spend limits and is particularly well-suited for large amounts. This makes it an ideal payment method for use cases like investment account top-ups, property transactions, loan repayments and B2B invoicing.