Wollette, a UK-based technology company specialising in commerce and payments, has announced WollettePay, an account-to-account (A2A) payment system set to launch in the fourth quarter of 2025.
The service is designed to combine the convenience of one-tap checkout with the underlying infrastructure of open banking, aiming to deliver seamless, instant payments without relying on cards.
Current open banking payment options often involve several steps and inconsistent performance.
WollettePay seeks to address these issues by enabling direct transactions between bank accounts using biometric verification, tokenisation, and encryption.
“We believe the future of payments is instant, intelligent, and effortless, and our mission is to remove friction from every transaction,”
said Henry Orunkoya, Founder and CEO of Wollette.
“WollettePay is the first solution to bring open banking up to speed with the card networks. We are giving consumers and merchants a payment experience that is finally as simple as it should be.”
The system allows consumers to make payments without entering card details or being redirected, while offering merchants reduced costs and lower fraud risk.
It is designed to work across channels, both online and in person, and includes pre-built APIs and SDKs for integration with enterprise, retail, and growing platforms.
WollettePay will be available in the UK from Q4 2025 and is expected to expand to the rest of Europe in Q1 2026. Pre-registration opens in July.
Featured image credit: Edited by Fintech News Switzerland, based on image by Frolopiaton Palm via Freepik
