Setting the Gold Standard in Open Banking

a Trustly Company


United Kingdom (UK)
Public Sector, Financial Services, WealthTech, Credit & Collections, iGaming, eCommerce, PropTech

Ecospend (a Trustly company) is the UK’s market-leading provider of open banking payments (PIS), enabling direct account-to-account transactions without incurring unnecessary transaction costs, while bypassing legacy systems for an instant settlement of funds. Since 2023 they have also expanded their account information services (AIS), focusing on the development of open banking solutions for credit worthiness, fraud prevention and other relevant use cases.

As the sole open banking provider to HMRC and other UK government departments, Ecospend’s acclaimed ‘Pay by Bank’ has facilitated payments exceeding £16bn as of July 2023, a clear market record, and has quickly become the UK’s cross-sector favourite in delivering direct and instant payments underpinned by bank-grade security.

Ecospend serves a multitude of industries and blue chip brands, including the public sector, credit and collections, utilities, wealth tech, among many others, delivering a roster of innovative open banking solutions that can be tailored to any client’s business needs.

In January 2023 Ecospend became a wholly owned subsidiary of Trustly Group AB - a global account-to-account payments platform. With this joining of forces, Ecospend now offers one of the most comprehensive and competitive set of open banking solutions with worldwide coverage.

Ecospend Partners with ITV Win for Open Banking-Only Competition
February 21, 2024
Ecospend, a Trustly Company, has joined forces with ITV Win to launch an open banking-only competition on The competition, which gives IT
Ecospend's Pay by Bank Technology Hits One Million Customers Milestone
February 12, 2024
Ecospend, a Trustly company, has revealed that more than one million customers have harnessed its Pay by Bank technology to channel tax payments total