Ecospend is the UK’s leading open banking provider, registered by the FCA for both payments and account information services. Founded in 2017, Ecospend’s proprietary technology ‘Pay by Bank’ allows businesses to receive direct and instant account-to-account payments, generating significant cost savings while offering end-users a frictionless payment experience.
As the exclusive open banking provider to HMRC and the UK government, Ecospend has processed a record-breaking £12bn worth of payments to date, with £320mn in less than 24 hours. ‘Pay by Bank’ is currently live across 43 tax regimes.
In addition to the public sector, Ecospend is also a prominent and trusted brand in wealth management, credit and collections, utilities and proptech, having partnered with many blue chip companies that include Hargreaves Lansdown, CDER Group, Qualco, Paylink Solutions, Anglian Water, ITV, Draker, JJ Food Service and Toolstation.
Since January 2023, Ecospend has become a wholly owned subsidiary of the global account-to-account payments platform Trustly Group AB. With this joining of forces, Ecospend now offers one of the most comprehensive and competitive set of open banking solutions with worldwide coverage.