Banked powering Seedrs' new Pay by Bank solution to create more choice for customer payments.

Banked Ltd (“Banked”), provider of a new payment method enabling consumers to pay from their existing mobile banking app, today announced the latest merchant to launch with their Pay by Bank technology. Seedrs, Europe’s leading private investment platform with over £1.8BN investments recorded to date, has integrated Banked’s Pay by Bank checkout solution into their platform, making investing easier.

Unlike other mainstream global payment methods, customers do not need to create an account to use Pay by Bank, or pass any login information to Banked – they simply choose their existing bank at checkout and are securely connected to their mobile banking app to biometrically authenticate the purchase. For Seedrs investors, it’s an ideal alternative to traditional bank transfers – there is no need to manually copy and paste bank account, sort code or reference numbers into your banking app. The process is quick, safe and secure.

Banked provides a world class user experience with biometric authentication, taking security and privacy to another level. You can trust that you’re in safe hands with a secure connection to your banking app of choice. Your bank details are never shared with anyone and there’s nothing to log into, you’re just ready to go.

About Banked.

Banked is the architect of a new global payment network offering a real alternative to the card schemes. Consumers now have a way to pay without entering financial data and connecting directly with their mobile banking app. There is no need to create an account, no financial details are shared, authorisation is biometric, and the merchant receives the funds in real time and in full. Fees are up to 90% lower than the traditional payment methods and fraud is virtually eliminated which should help promote lower prices for consumers. Banked also enables businesses to drive customer engagement and loyalty with incentives and rewards integrated into the payment experience.

The company currently has an international team of over sixty employees across nine geographies, attracting talent from payment innovators such as Klarna, Adyen, PayPal, PayU, N26 and Checkout, bringing rich payments experience to the business.

For more information, visit www.banked.com