Revolut Adds Pay by Bank Option to Their Payment Gateway

Revolut, the global fintech with over 60 million customers globally, and hundreds of thousands of business customers, has announced the launch of Pay by Bank as an option on the Revolut Gateway. This new feature enables businesses to accept fast and secure payments directly from a customer’s bank account, providing a seamless experience for consumers and significant benefits for merchants. The launch comes as ‘Pay by Bank’, also known as Open Banking, has surged in popularity in the UK, growing from 15 million to 27 million monthly transactions in just one year. With approximately 14 million people now using Pay by Bank each month, this payment method is becoming a mainstream alternative to cards. Juniper Research has found that total Open Banking users globally will reach over 645 million in 2029, from 183 million in 2025.