Brite Recognised as Best Online Payments Solution at Payments Awards 2024
Stockholm – 18 November, 2024 – Brite Payments, a leader in instant bank payments, has been recognised at the Payments Awards 2024, picking up the award for ‘Best Online Payments Solution – Merchant’. As well as picking up the award in a category featuring nine other finalists, Brite Payments was shortlisted in an additional four categories. The annual Payments Awards celebrate excellence in payments and innovation.
“Being recognised at the Payments Awards is an honour for everyone at Brite, and a testament to what we’re creating and how we are challenging the status quo” said Luke Trayfoot, Chief Commercial Officer, Brite Payments. “Our team has built an easy-to-integrate Pay by Bank solution that allows merchants to process payments in seconds, giving customers a faster and more secure alternative to cards and digital wallets.”
Brite’s Instant Economy Payment Insights report reveals that 73% of European consumers are already familiar with Pay by Bank or account-to-account (A2A) payments, with usage higher among younger demographics. As well as highlighting that consumers prioritise security and convenience when selecting an online payment method, the report also underscores a desire for greater speed – all key features of Pay by Bank solutions such as Brite Instant Payments.
“With Pay by Bank awareness and usage rising, it’s exciting to be at the forefront of this innovation. The category holds tremendous growth potential, and we’re confident that solutions like Brite’s will soon become a staple at the checkout,” concluded Trayfoot. Headquartered in Stockholm, Sweden, Brite Payments is one of Sweden’s fastest-growing tech companies, highlighted this year by Deloitte’s Sweden Technology Fast 50. Brite has also featured in Accel’s Fintech 50 EMEA as a rising fintech, signalling its emergence as a pan-European fintech challenger.
For more information about Brite, please visit: www.britepayments.com
About Brite Payments
Brite Payments is a second-generation fintech based in Stockholm. The instant payments provider leverages open banking technology to process account-to-account (A2A) payments in real time between consumers and online merchants.
With Brite, no signup or credit card details are required as consumers authenticate themselves with top-of-mind details using their bank’s usual identification method. Brite is connected to more than 3,800 banks within the EU and its offering is currently available in 27 European markets.