Fintech Token.io Announces Prommt As Partner To Leverage Hosted Payment Pages

Token.io announces Prommt as first partner to leverage its new hosted payment pages; enhancing user experiences and maximizing conversion for Pay by Bank.

Account-to-account (A2A) payment infrastructure provider, Token.io, confirmed recently the launch of new hosted payment pages “to enhance Pay by Bank user experiences, and maximize conversions for merchants and their customers.”

Hosted payment pages are secure web pages “that provide businesses with plug-and-play checkout or payment capabilities.”

Payment Service Providers (PSPs), banks and merchants can leverage Token.io’s white label ‘Hosted Pages’ to quickly and easily “launch their own custom branded Pay by Bank capabilities while maximising conversions.”

With open banking-enabled payments (often called ‘Pay by Bank’) projected to surpass $288 billion in Europe by 2027, Token.io’s whitelabel infrastructure and open banking connectivity is already enabling PSPs, banks and merchants “to quickly, easily and securely offer Pay by Bank as a payment method across multiple channels.”

With Pay by Bank poised for further growth in the coming years, as more banks leverage instant payment rails in alignment “with new European Commission regulations, the launch of Token.io’s Hosted Pages will elevate Pay by bank user experiences, introducing new conversion-boosting features,” including:

• Faster bank authentication for payments initiated on desktop, with seamless handover to mobile banking apps via QR codes
• One-click selection journeys for banks without branches
• Minimized redirects with hosted payment pages overlaid on top of checkout/payment pages
• Refreshed interface design with faster load times, desktop and mobile-specific views
• Smarter bank selection experiences that suggest popular banks and save users’ preferences for frictionless return journeys
• More options to customise and brand user experiences with optional onboarding, success, and feedback screens

Todd Clyde, CEO at Token.io said:

“At Token.io, we believe that exceptional user experiences are the key to unlocking the full potential of open banking and real-time payments. The launch of our new Hosted Pages reflects our commitment to delivering best-in-class solutions that not only improve conversion rates and streamline payment processes, but also enable our partners’ growth in an increasingly competitive landscape.”

Token.io’s first partner to benefit from “enhanced hosted payment pages is Dublin-based payment orchestration platform Prommt.”

Prommt has expanded Pay by Bank use cases “across hospitality, luxury retail, and automotive sectors with its pay by link capabilities.”

Prommt enables secure, seamless checkouts “via SMS, email, chat, web, or in-app, offering Pay by Bank as a default or alternative payment method based on a set of orchestration parameters such as transaction value, location, or customer type.”

Over 60% of Prommt’s clients now use Pay by Bank, “achieving 93% payment success rates and reducing card fees by up to 88%. Prommt’s payment orchestration controls also enable merchants to seamlessly nudge customers to Pay by Bank over card.”