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Pay-by-bank as an alternative payment option

Pay-by-bank as an alternative payment option
By Rakshit Prabhakar

Pay-by-bank is a game-changer in the digital payment landscape, allowing customers to make transactions directly from their bank accounts without the need for intermediaries. This method streamlines the payment process, making it quicker, cheaper, and more efficient. 

  • Pay-by-bank allows transactions directly from bank accounts without intermediaries
  • This method is faster, cheaper, and more efficient than traditional payment options
  • Businesses can gain insights from digital footprints to understand user behaviour and pain points

Pay-by-bank is  a convenient alternative to other payment methods because it allows customers to complete transactions directly from their bank accounts, eliminating the need for intermediaries. This simplifies the payment procedure, making it faster, less expensive, and more efficient. 

Users can finish transactions without providing credit card details or having to remember several passwords. Pay-by-bank harnesses the power of direct bank connections via infrastructure. 

Transactions are traced using digital footprints that mark the payment journey from the initial engagement to the completion of the transaction. Financial institutions and businesses can learn more about user behaviour and customer pain points by analysing this data. 

Pay-by-bank is an excellent  payment alternative for customers seeking a convenient and secure method. Businesses will be able to tailor their offers thanks to insights gleaned from digital footprint analysis.