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Accept Payments via Faster Payments with Echo Money

Enable customers to pay using Faster Payments, one of the most trusted payment methods in United Kingdom.

Accept payments through a single API, settle globally, and access local payment rails without building market-specific infrastructure.

Summary

About Faster Payments

Faster Payments logo

Faster Payments is one of the most widely used payment methods in United Kingdom, enabling consumers and businesses to send and receive payments through real-time bank transfers. It plays an important role in the country's payment ecosystem, offering a familiar and trusted way for customers to complete transactions.

With an estimated market share making up 40% of UK digital payments and more than 67M+ bank account holders, Faster Payments has become a preferred payment option for online purchases, business payments, subscriptions, marketplace transactions, and everyday commerce in United Kingdom. For businesses looking to expand into United Kingdom, accepting Faster Payments can help improve checkout conversion rates, increase payment acceptance, and provide a localized payment experience through Echo Money.

At a glance

Payment method snapshot

Payment Method: Faster Payments
Country: 🇬🇧 United Kingdom
Currency: GBP
Payment Type: Real-time Bank Transfer
Consumer Reach: 67M+
Settlement Speed Instant (< 2 seconds, 24/7)
Refund Support Yes
Recurring Payments Supported
Chargebacks Applicable
Integration Single API

How it works

1

Integrate with Echo Money. Connect to Echo Money through a single API and gain access to 150+ local payment methods including Faster Payments, global payment rails, and stablecoin infrastructure.

2

Enable Faster Payments. Activate Faster Payments for your business and configure how you want to collect, send, or settle payments in United Kingdom without managing multiple local providers.

3

Start Accepting and Sending Payments. Your customers can immediately begin paying through Faster Payments via a fully white-labelled experience, while you collect funds, process payouts, and move money seamlessly.

4

Scale with Built-In Compliance. Echo Money handles compliance requirements, including KYC, KYB, transaction monitoring, and payment operations, helping your business expand into United Kingdom without the complexity of managing local payment infrastructure.

Benefits for Businesses Accepting Faster Payments in United Kingdom

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Increase Conversion Rates with a Familiar Checkout Experience

Customers in United Kingdom are more likely to complete a purchase when they see payment methods they already know and trust. By offering Faster Payments through Echo Money, businesses can create a more localized payment experience, reduce friction during the payment journey, and improve overall conversion rates.

Improve Payment Success Rates

Many local payment methods, including Faster Payments, are deeply integrated into the financial ecosystem of United Kingdom. As a result, they can deliver higher payment acceptance rates compared to international cards that may face issuer declines, authentication issues, or cross-border restrictions.

Reach More Customers in United Kingdom

Not every customer in United Kingdom prefers to pay with a credit card. Depending on the market, consumers may rely on local bank transfers, digital wallets, QR payments, or domestic payment networks. By supporting Faster Payments, businesses can access a broader customer base and provide payment options that align with local preferences and purchasing behaviour.

Reduce Cross-Border Complexity

Expanding into United Kingdom often requires businesses to navigate local banking infrastructure, payment providers, and settlement processes. Echo Money simplifies this by enabling businesses to accept Faster Payments through a single integration, removing the need to manage multiple local payment partners while still delivering a localized payment experience.

Build Trust with Local Customers

Trust plays a major role in online payments. Customers are often more comfortable completing a transaction when they recognize the payment method being offered. Because Faster Payments is widely used in United Kingdom, displaying it at checkout can help strengthen customer confidence, reduce hesitation, and create a more familiar payment experience.

Future-Proof Your Payment Strategy

Payment preferences evolve over time, but businesses that offer locally preferred payment methods are often better positioned to adapt to changing customer expectations. By supporting Faster Payments through Echo Money, companies can build a payment stack that combines local payment acceptance, global reach, and modern settlement infrastructure.

Who uses Faster Payments in United Kingdom?

Businesses across industries use Faster Payments to offer a more localized payment experience and improve payment performance in United Kingdom.

E-commerce Platforms use Faster Payments to increase checkout conversion rates and reduce payment friction.

Marketplaces rely on Faster Payments to collect payments from buyers while supporting efficient seller payouts.

Gaming & Digital Businesses leverage Faster Payments to improve payment acceptance rates and support seamless in-app purchases.

Travel, Fintech, and Global Merchants use Faster Payments to collect local payments in United Kingdom without building country-specific payment infrastructure.

SaaS Companies collecting recurring payments use Faster Payments to reach customers in United Kingdom through familiar and trusted payment methods.

Why do businesses use Echo Money for Faster Payments?

Echo Money brings Faster Payments and 150+ local payment methods into a single platform. With one integration, businesses can

  • streamline payment operations,
  • access faster transaction confirmation, improve settlement efficiency, and
  • scale across markets with built-in compliance and global settlement infrastructure.

Single Integration

Enable Faster Payments through a single API and manage collections, payouts, and settlement alongside 150+ local payment methods.

Built-in Compliance

Accept Faster Payments with built-in KYC, KYB, transaction monitoring, and compliance controls designed for cross-border payment operations.

Global Settlement

Collect funds through Faster Payments and settle in local currencies, major global currencies, or stablecoins through a unified settlement infrastructure.

White-label experience

Offer Faster Payments through a fully branded payment experience while Echo Money powers the infrastructure behind the scenes.

FAQs

Faster Payments is a widely used payment method in United Kingdom that enables consumers and businesses to move money securely through local payment infrastructure.

Start accepting Faster Payments payments today

Connect to Faster Payments through Echo Money and give customers a payment experience they already know and trust.

Integrate Now