Accept and pay out via Faster Payments in the UK
The UK built instant account-to-account payments before most of the world: Faster Payments clears 24/7 in seconds, and Open Banking lets customers pay straight from their bank app with strong customer authentication — no card form, no chargeback asymmetry.
Faster Payments / Open Banking at a glance.
The essentials of United Kingdom’s payment infrastructure — what it is, who runs it, and how fast money actually moves.
| Rail | Faster Payments — instant; Open Banking — pay-by-bank |
| Operator | Pay.UK; OBL standards |
| Clearing | Seconds, final (FPS) |
| Availability | 24/7/365 |
| Identifiers | Sort code + account number; Open Banking consent flow |
| Currency | GBP |
Collecting and paying out.
Both directions of the flow, on one balance.
Pay in · Faster Payments / Open Banking
Pay-in flow: offer pay-by-bank via Open Banking (customer consents in their banking app) or a Faster Payments transfer with a virtual-account reference. Both give final GBP credits at a fraction of card cost — ideal for subscriptions, B2B invoices and high-ticket checkout.
Pay out · Faster Payments
Payout flow: disburse GBP by sort-code/account or FPS proxy in seconds around the clock — marketplace sellers, refunds, insurance claims and supplier settlements all land instantly.
Settle to stablecoin treasury.
Keep your GBP balance for local spend, or convert to USDT / USDC and withdraw on-chain — the corridor where stablecoin settlement usually pays for itself.
One balance, two worlds
Settlement angle: collect GBP, settle to USDT/USDC for global treasury, or hold GBP for UK spend. ApeX documents both directions so your finance team can reconcile one balance across fiat and stablecoin.
Payout rails covered
Faster Payments, CHAPS, Bacs, pay-by-bank (Open Banking). Disburse from the same balance you collect into — no separate funding wires.
Common questions.
What is pay-by-bank via Open Banking?
A checkout flow where the customer authorises payment directly in their banking app under FCA-regulated standards — funds arrive as a final credit, typically at lower cost than cards.
Are Faster Payments really 24/7?
Yes — nights, weekends and holidays included, which is why UK marketplaces use them for instant seller payouts.
When would I still use Bacs or CHAPS?
Bacs suits scheduled bulk payroll-style batches; CHAPS covers same-day high-value corporate transfers. ApeX supports the instant rails and can advise on batch flows.
Every market, one integration.
Collect GBP locally and settle globally — or add any other corridor from the same balance.
Brazil · Pix
Local collections and payouts via Pix — settle to USDT / USDC or fiat.
India · UPI
Local collections and payouts via UPI — settle to USDT / USDC or fiat.
Philippines · GCash / Maya & InstaPay
Local collections and payouts via GCash / Maya & InstaPay — settle to USDT / USDC or fiat.
Indonesia · QRIS
Local collections and payouts via QRIS — settle to USDT / USDC or fiat.
Vietnam · MoMo / ZaloPay / VNPay & NAPAS
Local collections and payouts via MoMo / ZaloPay / VNPay & NAPAS — settle to USDT / USDC or fiat.
Thailand · PromptPay
Local collections and payouts via PromptPay — settle to USDT / USDC or fiat.
Mexico · SPEI
Local collections and payouts via SPEI — settle to USDT / USDC or fiat.
Colombia · PSE & Nequi
Local collections and payouts via PSE & Nequi — settle to USDT / USDC or fiat.
Nigeria · NIP bank transfers
Local collections and payouts via NIP bank transfers — settle to USDT / USDC or fiat.
Pakistan · Raast & JazzCash / Easypaisa
Local collections and payouts via Raast & JazzCash / Easypaisa — settle to USDT / USDC or fiat.
Kenya · M-Pesa
Local collections and payouts via M-Pesa — settle to USDT / USDC or fiat.
Argentina · Transferencias (CVU/alias)
Local collections and payouts via Transferencias (CVU/alias) — settle to USDT / USDC or fiat.
Singapore · PayNow / FAST
Local collections and payouts via PayNow / FAST — settle to USDT / USDC or fiat.
Malaysia · DuitNow / FPX
Local collections and payouts via DuitNow / FPX — settle to USDT / USDC or fiat.
Hong Kong SAR · FPS (Faster Payment System)
Local collections and payouts via FPS (Faster Payment System) — settle to USDT / USDC or fiat.
China · Alipay / WeChat Pay (cross-border)
Local collections and payouts via Alipay / WeChat Pay (cross-border) — settle to USDT / USDC or fiat.
European Union / SEPA · SEPA Credit Transfer & SCT Inst
Local collections and payouts via SEPA Credit Transfer & SCT Inst — settle to USDT / USDC or fiat.
United States · ACH / RTP / FedNow
Local collections and payouts via ACH / RTP / FedNow — settle to USDT / USDC or fiat.
Australia · NPP (PayID / Osko)
Local collections and payouts via NPP (PayID / Osko) — settle to USDT / USDC or fiat.
Bangladesh · bKash / Nagad (MFS)
Local collections and payouts via bKash / Nagad (MFS) — settle to USDT / USDC or fiat.
Egypt · InstaPay / Fawry
Local collections and payouts via InstaPay / Fawry — settle to USDT / USDC or fiat.
Ghana · MTN MoMo / Telecel Cash
Local collections and payouts via MTN MoMo / Telecel Cash — settle to USDT / USDC or fiat.
South Africa · PayShap / Ozow (pay-by-bank)
Local collections and payouts via PayShap / Ozow (pay-by-bank) — settle to USDT / USDC or fiat.