In just 90 seconds, Azeez Soetan explains how the TrueLayer Network is changing Pay by Bank from a simple checkout option into a growth engine for leading ecommerce and financial services brands.
Transcript:
Hey. I'm Azeez from TrueLayer. Today, I'm gonna introduce you to the TrueLayer Network and explain why it's your competitive edge in payments. Let's put ninety seconds on the clock.
In today's fast paced digital economy, payments are more than a box to tick. You need to boost conversions, streamline customer experiences, and combat fraud, all while simplifying complex payment flows. Existing payment methods often fall short, leading to lost customers and missed opportunities.
Pay by Bank addresses the shortcomings of traditional payment methods. But now we are taking the solution to the next level.
That's where the TrueLayer Network comes in. It's Europe's biggest and fastest growing Pay by Bank user base. A connected ecosystem of seventeen million primed consumers who already know and trust Pay by Bank.
We add nearly a million new users every single month processing over three hundred thousand transactions daily.
This constant flow of transactions and new users combined with hundreds of merchants offering Pay by Bank at checkout, and you get a network effect that compounds. And, of course, this drives higher conversion rates and more sales.
And the vast real time data in the network means this will all continue to get even more powerful over time.
For merchants, the TrueLayer Network has several advantages. Users already in our network have a payment experience that is instantly recognisable and streamlined.
Leading them to convert at a 22% higher rate than new customers.
Returning customers achieve over an incredible 90% conversion rate.
This consistent frictionless experience dramatically reduces drop offs, cuts fraud by taking cards out the equation, and builds deep customer loyalty.
We process almost half of all UK paid by bank transactions using our universe of data to optimise every interaction.
Okay. My time is up. Ninety seconds goes quickly. But if there are any questions you have about the TrueLayer Network get in touch.
Find out more about the TrueLayer Network and how it helps optimise checkouts and personalise payments experiences.
