Scheduled for release in the UK during the fourth quarter of 2025, with a broader European rollout projected for early 2026, WollettePay is intended as a solution to address longstanding issues in current Open Banking systems. Many existing solutions often require multiple steps and fail to consistently deliver on speed or user experience.
WollettePay allows consumers to make payments directly from their bank accounts without the need to enter card details or navigate through redirects. Authentication processes use biometric verification, along with tokenization and encryption measures to ensure security while simplifying transactions.
The product will integrate payment capabilities into Wollette’s suite of commerce tools designed for businesses seeking to reduce processing fees, streamline operations, and leverage transactional data to support customer engagement strategies. APIs and SDKs are provided for seamless implementation across various merchant environments, including enterprise, retail, and fast-growing digital platforms.
Company officials highlight that traditional payment infrastructure adds cost and operational complexity. By directly connecting merchants and banks, WollettePay aims to reduce these complexities and increase overall transactional efficiency.
According to company representatives, the launch of WollettePay is meant to bring Open Banking capabilities closer to the ease of use typically associated with card networks, focusing on immediacy, intuitiveness, and cost-effectiveness.