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Payment Initiation Services

Secure, affordable and instant online payments and transfers

With Payment Initiation Services (PIS), your customers can instantly and securely transfer money between their accounts and make online purchases - all from within your app or website. Because PIS at Yolt has a flat transaction fee, you improve user experience and reduce your costs at the same time. Whether you’re a bank expanding your online services or a merchant looking to benefit from seamless payments at a reduced cost, Yolt PIS is a valuable addition to your online or mobile environment.

Your customer clicks 'Pay now' from within your website or app and selects their bank

Their online banking interface opens and leverages the bank's secure ID authentication

All payment details are pre-filled for quick and easy approval: amount, description and beneficiary

After approval, you receive instant payment via UK Faster Payments or SEPA transfer

Lower transaction costs

In contrast to a percentage-based fee, such as credit card providers or other types of payment, Yolt PIS is a flat-fee, per-transaction solution.

Enhanced security and reduced chargeback risk

With PIS, completing a purchase is smooth, secure and easy. Even better, your customers never have to enter sensitive bank account or credit card information. They simply select their trusted bank and authenticate to complete the payment. Increased security also reduces the risk of fraudulent chargebacks.

Instant settlement

PIS leverages Faster Payments and SEPA Credit Transfer, so funds are often received instantly.

Lower shopping cart abandonment and more successful purchases

Your customers can select their bank and start the purchase process directly from your website or app. This improves the customer journey whilst ensuring conversion to payment.

Improve bill collection

PIS is more than a payment method at the moment of purchase. It’s also a fast, low-friction option to settle an open invoice, making it easy for your customers to pay their bills instantly. Yolt PIS also supports ‘request to

Easy money management

Instant bank account-to-account transfer and top-ups for account funding enhance

your user journey and improve your user acquisition and retention rates. Your customers can start the transfer

directly from within your app or website.

Find out how our API can transform your business

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