Real-time Bank transfer
Faster Payments
Faster Payments is an instant bank transfer rail for buyers in United Kingdom. The buyer confirms in their banking app; Parapay returns a final state before the redirect completes. Payouts arrive in GBP on your normal payout cadence. Pay-out only — Parapay routes outgoing transfers to recipient accounts on this rail.
What you can do with Faster Payments
Use these features alongside Parapay's unified API.
Pay-out
Where Faster Payments works
Available in 1 country across 1 region.
Europe
1 country
United KingdomSupported currencies
Settle and report in any of the 1 currencies Faster Payments supports.
GBP
