Open Banking Payments

We Tranxact

democratising Open Banking access

With our open banking competencies, We Tranxact helps connect various financial service providers and banks to get open access to data and transactions. As a leading open banking payment service providers UK, we at We Tranxact help democratize data and banking access.

Our open banking business account brings various financial service providers under one roof for new players and established banking service operators.

The open banking benefits for merchants and financial service providers adds tremendous value. It helps all players blend their collective synergies in order to create better value for the customer.

Accelerate transactional efficiency with least hassle with our open banking payment solutions

We Tranxact offers customer-centric open banking payment initiation services. This USP helps customers easily get as much money as quickly as possible in their bank account. Businesses and organizations can lower cost overheads when they use our open banking payment gateway.

As one of the leading financial service providers, we have a proven track record in brokerage and consultancy services with the help of a secure and fast open banking payment gateway.

Go ahead. Connect with We Tranxact for open banking business account in the UK.

Overview

With We Tranxact, you will gain access to truly multi-channel payment and data solutions built on Open banking

Highlights

We Tranxact offers customer-centric business strategy blended with accelerated innovation cycles to disrupt the open banking models

Industry & Market

We serve fintech, wealthtech and financial services businesses, accountants, ecommerce firms and retailers.

PAYMENTS - THE PROBLEM

Expensive card transaction fees with high level of fraud are a costly burden to the industry.

DATA - THE PROBLEM

Gaining access to aggregated financial data insights is complicated and resource-intensive.

We Tranxact PAYMENTS

Get as much money as quickly as possible in your bank account with the least hassle.

We Tranxact DATA

Get access to all your and your clients' financial data as easily and quickly as possible.

Key benefits of open banking
Lower Payment Fee

All payments through We Tranxact cost you a negligible amount per transaction. Free up your capital by accommodating large payments at a lower fee than card-based payments.

Instant settlement

Receive funds from payments in seconds, not days. Improve your business liquidity and cash flow.

 

Tactical consultancy
Prepare for regulatory updates and customer service changes associated with the open banking systems, with our consultancy and brokerage services.
Bank-level security

Our banking partner initiates the transaction. Each time a payment is initiated, a unique payment token is created that expires when the payment is made. All transactions are confirmed with two-factor authentication.

 

No personal data stored

No personal details are passed onto We Tranxact or a merchant when a payment is made. The payment deep link only includes the payment amount and payment reference number. Other fields can be added upon request.

SOLUTIONS FOR FINTECH AND FINANCIAL COMPANIES

Brokerage

Helps reshape the financial services ecosystem, with open banking brokerage solutions

Customer experience

We help devise strategies and roadmap that delivers unmatched customer experience with open banking

Consultancy

We do risk mitigation, regulatory compliance, strategic analysis for financial services adopting open banking.

SOLUTION FOR ECOMMERCE, RETAILERS AND TECH SME

E-commerce
eCommerce payments

Offer the ability to make account-to-account payments on your ecommerce store or website. Implement ‘Pay by Instant Bank Transfer’ on your checkout page using plug-ins or SDKs..

Invoice Payments

Generate payment QR codes to place on your invoices. Payee can scan a QR code to pay with the bank account. Create invoice QR codes and track payments via the Merchant Portal.

In-store & in-person Payments

Receive account-to-account payments in-store with the We Tranxact Merchant App.

 

COMING SOON - PAYMENTS IN THE UK
Payouts

Allow your users to withdraw money from their accounts with your y nancial product in a few clicks.

Recurring Payments

Collect regular payments with Open Banking Standing Order. Get notiy ed when your customers cancel a recurring payment.

Bulk Payments

Get access to a reliable, secure, and scalable bulk payments Open banking feature through We Tranxact payment partner.

COMING SOON - SINGLE PAYMENTS BY REGION
Bulgaria & Romania

Developing APIs for single domestic payments in Bulgaria and Romania.

Poland, Czechia and Slovakia

Developing APIs for single domestic payments in Poland, Czechia and Slovakia.

France, Germany and the Nordics

Developing APIs for single domestic payments in France, Germany and the Nordics.

What Our Clients Say
About We Tranxact
Emilia Clarke
HARI RAMAMURTHY
CTO,KUFLINK

I was looking for an easier and affordable way of topping up the Kuflink account. We Tranxactsounded as a no-brainer to integrate with our platform

Emilia Clarke
HARI RAMAMURTHY
CTO,KUFLINK

I was looking for an easier and affordable way of topping up the Kuflink account. We Tranxactsounded as a no-brainer to integrate with our platform

Emilia Clarke
HARI RAMAMURTHY
CTO,KUFLINK

I was looking for an easier and affordable way of topping up the Kuflink account. We Tranxactsounded as a no-brainer to integrate with our platform

Emilia Clarke
HARI RAMAMURTHY
CTO,KUFLINK

I was looking for an easier and affordable way of topping up the Kuflink account. We Tranxactsounded as a no-brainer to integrate with our platform

UNLEASH THE POTENTIAL OF OPEN BANKING PAYMENTS

01.
Truly Affordable Payments:
Pricing to match your needs – with We Tranxact, you only pay for what you really need.
02.
Instant Settlement

Payments are instantaneous. Your funds are deposited into your account the moment payments are made.

03.
Bank-level Security
Allow your money to flow securely from account to account: no cards, no apps, no forms with We Tranxact.
04.
Super Easy Implementation

Through our reliable payment partners, we allow you to gain access to truly multi-channel payment and data solutions built on Open banking.