Feb 19, 2025

By Gloria Methri Share Token.io has announced a partnership with payment orchestrator Fabrick to expand the benefits and adoption of A2A payments. Fabrick’s B2B and B2C customers will now be able to accept and offer open banking-enabled A2A payments (also called ‘Pay by Bank’) to nearly anyone with a bank account in the United Kingdom. Token.io’s open banking connectivity will support Fabrick’s efforts to stay at the forefront of Europe’s rapidly evolving A2A payments landscape, which will see 3 in 4 consumers Pay by Bank by 2029. Real-time Pay by Bank delivers substantial benefits over traditional payment methods, eliminating intermediaries to reduce processing costs and increase cash flow. Without manual entry of sensitive data, users authenticate payments directly from their mobile banking app for a fast, convenient and secure payment experience. Paolo Zaccardi, CEO of Fabrick, said, “We integrate the best solutions into the platform with the aim of enabling merchants and large companies to offer the most innovative payment solutions, supporting them in developing their business in different target markets. Account-to-account payments, thanks to their ability to offer faster, more secure and cost-effective transactions, represent a crucial innovation.” “The collaboration with Token.io fits into our internationalisation strategy and allows us to expand our offer, already available throughout Europe, to the British market as well. The choice of Token.io as a partner is based on the robustness of their technology, which is intuitive and easily integrated; in an ever-changing market environment, it will enable us to develop new use cases and expand opportunities for our customers.” Todd Clyde, CEO of Token.io, added, “Pay by Bank transactions grew 75% in the UK last year, while the country’s National Payment Vision sets out clear ambitions to further develop A2A payments for e-commerce. Against this backdrop, businesses are looking to their payment providers to keep up. Our work with Fabrick is another example of how Token.io helps the payments industry capitalise on new capabilities and leverage open banking to respond to the evolving needs of businesses.” Fabrick is a licensed Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) and one of Europe’s leading providers of embedded payment solutions. Through its Payment Orchestra™ platform, Fabrick accepts and manages A2A payments for customers across Italy, Spain, France, Portugal, and now the UK. Token.io combines open banking connectivity with white-label infrastructure and a proven service methodology that enables payment and financial institutions to seamlessly launch and grow Pay by Bank solutions in 21 European markets. Previous Article