Stripe and TrueLayer are launching 'Pay by Bank' in France and Germany, making checkout easier

Stripe and TrueLayer plan to launch ‘Pay by Bank’ in France and Germany, simplifying checkout for businesses. Consumers can authorize payments directly from their bank accounts using biometric methods. Ryanair also adopts this option. TrueLayer processes €2bn in France and €1.4bn in Germany annually. Integration coming soon for all Stripe users.

In a separate development, Stripe acquired Privy, a crypto wallet startup, specializing in secure wallet creation and blockchain integration. The collaboration between Stripe and TrueLayer aims to revolutionize payment options in France and Germany, offering businesses and consumers a faster, safer, and more affordable way to make transactions directly from their bank accounts.

Read more at Yahoo Finance: Stripe and TrueLayer to roll out Pay by Bank in France and Germany