LONDON — Fintech startup PayBridge today announced partnerships with three major UK banks to power instant business payments across the country.
The agreements will allow PayBridge’s business customers to send and receive funds in seconds, 24 hours a day, using open banking rails. The company says the partnerships cut transaction fees by up to 40% compared with traditional card processing.
“Small businesses lose too much time and money waiting for payments to clear. These partnerships bring instant, low-cost payments to every business on our platform.”
Daniel Okafor, Co-founder of PayBridge
PayBridge now serves more than 18,000 UK businesses and plans to expand into Ireland and the Netherlands in 2027.