Brite Payments Launches Pay by Bank in the UK After FCA EMI Authorization
The phased rollout gives UK merchants a single API for domestic and cross-border account-to-account payments, connecting to Brite’s network of more than 3,800 banks across 27 European markets.
STOCKHOLM — Brite Payments launched its Pay by Bank service in the United Kingdom on Sept. 29, 2026, following the company’s receipt of an Electronic Money Institution license from the Financial Conduct Authority. The rollout is phased and is designed to let UK merchants accept domestic and cross-border account-to-account payments through a single API.
Pay by Bank moves a customer from a merchant checkout into the customer’s own bank authorization flow, rather than routing the payment through a card network. Brite says its UK service connects to an existing network of more than 3,800 banks across 27 European markets, giving merchants one integration while the underlying bank coverage remains market-specific.
The EMI authorization gives Brite a regulated UK base for issuing electronic money and providing payment services. It is not a banking license, and it does not mean every bank or payment corridor is live for every merchant. Coverage, settlement timing, refunds, fraud controls and customer support remain practical differences between an account-to-account payment product and card acceptance.
Brite has described the UK rollout as phased and has not published a complete list of participating merchants or corridor-level volumes. The launch is therefore a meaningful regulatory and distribution step, but adoption will depend on whether merchants see higher conversion and lower total acceptance costs without creating unacceptable refund and fraud friction.