A deep dive into the latest Pay by Bank developments reveals a clear acceleration in adoption driven by three key forces: merchant-driven integrations, fintech-bank collaborations, and regulatory backing. The trendline points to a strategic shift away from card networks, as businesses seek lower-cost, real-time, and fraud-resistant payment alternatives. This momentum is particularly strong in e-commerce, B2B payments, and government-backed tax solutions, signaling a profound change in how money moves across industries.

Amazon, Square, and TrueLayer’s moves highlight how global merchants are embracing instant bank payments to improve transaction speed and cut payment processing costs. This signals a broader shift away from traditional card networks. The Belvo and ClearBank collaborations point to an increasing demand for seamless, low-cost international transactions, particularly in emerging markets like Mexico. Meanwhile, FCA, PSR, and Modulr’s initiatives reinforce that governments and financial institutions are actively pushing for fraud-resistant, open banking-based infrastructures.