Consumer network of TrueLayer exceeds 15 million active users
In the ever-evolving landscape of European payments, one company is making significant strides: TrueLayer. The London-based fintech company has established itself as the fastest-growing payment network in Europe, particularly leading the Pay by Bank category[1][2].
As of April 2025, TrueLayer processed over $10 billion in total payment volume (TPV) in a single month, annualising to more than $100 billion per year[1]. This impressive growth has been fuelled by the increasing demand for simple, secure ways to pay online without the need for card details[3]. The platform has experienced rapid user growth, gaining over 500,000 new users per month in Q1 2025, reaching 13 million users by April and surpassing 15 million active users soon after[1].
Major European brands such as Papa Johns, Ryanair, and Just Eat Takeaway have integrated TrueLayer’s Pay by Bank into their checkout systems, highlighting its impact on the payments landscape by reducing costs and enhancing customer experience[2]. This shift towards Pay by Bank is a reflection of the growing demand for faster, more secure, and cost-effective payments, benefiting both consumers and merchants[4].
TrueLayer's Pay by Bank service has seen strong penetration in key European markets outside the UK. In France, the platform processes approximately €2 billion in Pay by Bank transactions annually, accounting for roughly 60% of all Pay by Bank transactions in the country[1]. In Germany, TrueLayer processes approximately €1.4 billion in Pay by Bank transactions annually, making up around 30% of all such transactions[1]. This has led to an average 42% uplift in conversion rates for merchants using Pay by Bank[3].
A notable recent development is TrueLayer’s partnership with Stripe to expand Pay by Bank offerings in France and Germany. This integration allows Stripe users in those markets to immediately offer Pay by Bank via TrueLayer’s infrastructure[3][4]. This collaboration aims to streamline checkout experiences, improve conversion rates, and reduce transaction fees for merchants by allowing consumers to pay directly from their bank accounts, often using biometric authorization[3][4].
In summary, TrueLayer is driving a significant shift in European payments through its Pay by Bank solutions, with impressive growth statistics, wide user adoption, effective partnerships with major brands and payment platforms, and strong penetration in key European markets. The company remains committed to broadening the scope of Pay by Bank and enhancing its capabilities[2].
**Key highlights:**
| Aspect | Details | |----------------------------|------------------------------------------------| | Total annual TPV | > $100 billion (April 2025 data) | | Monthly new users | 500,000+ (Q1 2025) | | Active users (April 2025) | 13 million; surpassed 15 million subsequently | | Major brand partners | Papa Johns, Ryanair, Just Eat Takeaway | | Market presence | UK, France (€2B annual TPV), Germany (€1.4B annual TPV) | | Market share in EU countries| 60% (France), 30% (Germany) Pay by Bank transactions| | Stripe partnership | Expanded Pay by Bank payments to France and Germany via TrueLayer’s infrastructure |
This demonstrates TrueLayer's significant growth and impact on the adoption of Pay by Bank across Europe, underpinned by strong partnerships and a rapidly expanding user base[1][2][3][4].
[1] TrueLayer. (2025). TrueLayer Processes $10 Billion in Payments in a Single Month. [online] Available at: https://truelayer.com/resources/news/true-layer-processes-10-billion-in-payments-in-a-single-month
[2] TrueLayer. (2025). TrueLayer Powers Payments for Major European Brands. [online] Available at: https://truelayer.com/resources/news/true-layer-powers-payments-for-major-european-brands
[3] TrueLayer. (2025). TrueLayer Partners with Stripe to Expand Pay by Bank Payments in France and Germany. [online] Available at: https://truelayer.com/resources/news/true-layer-partners-with-stripe-to-expand-pay-by-bank-payments-in-france-and-germany
[4] Stripe. (2025). Stripe and TrueLayer Partner to Bring Pay by Bank to France and Germany. [online] Available at: https://stripe.com/en-gb/press/stripe-and-truelayer-partner-to-bring-pay-by-bank-to-france-and-germany
- TrueLayer's partnership with Stripe showcases the convergence of technology and finance, as two leading players collaborate to enhance open banking capabilities, particularly in the area of Pay by Bank payments in France and Germany.
- The data from April 2025 indicates that TrueLayer's Pay by Bank solution is becoming a staple in the European business landscape, with over $100 billion in annual total payment volume, demonstrating its potential to revolutionize finance via secure, simple, and cost-effective transactions.
- As an emerging player in the European payments expo, TrueLayer has managed to solidify its position by catering to a growing demand for advanced and efficient payment methods, making it a crucial asset in the ongoing transformation of the business and finance sectors fueled by technology.
