Neopay Payment Initiation vs TrueLayer Payments
Neopay Payment Initiation
neopay.online
TrueLayer Payments
truelayer.comSide by side
| Figure | Neopay Payment Initiation | TrueLayer Payments |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 2 | 0 |
| Spec score · Open Banking Payment Platforms | 7.9 (#2) | 7.2 (#12) |
| Headquarters | Vilnius, Lithuania | London, United Kingdom |
| Regulation | Neopay says its payment initiation operates under PSD2 open-banking licensing and national-bank regulation. | TrueLayer says it is regulated by the UK FCA as an Authorised Payment Institution and holds an EMI licence, and that TrueLayer Ireland is authorised by the Central Bank of Ireland. |
| Security | Neopay says transactions use end-to-end encryption, sensitive-data tokenization, and real-time fraud monitoring. | The payment page says customers authorise payments using their bank’s biometric security and that the product adheres to EU and UK strong customer authentication regulations. |
| Support | Neopay lists email and chat support, merchant-portal tickets, and online documentation, code examples, and FAQs. | TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues. |
| What it does | Neopay provides open-banking account-to-account payment initiation for e-commerce buyers and merchants. | TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts. |
Plans
Neopay Payment Initiation
- Custom planPriced on request
- Standard planPrice not published
In their own words
Neopay Payment Initiation
Neopay Payment Initiation has no write-up on Specifiction yet; its figures are above.
TrueLayer Payments
TrueLayer Payments lets businesses accept Pay by Bank payments from customers’ bank accounts. Customers authorize payments using their bank’s biometric security; the service says funds leave accounts in real time and arrive instantly. Businesses can view and manage transaction activity in a merchant account. Payment interfaces include hosted or embedded browser pages and mobile SDKs for iOS, Android, and React Native. The Payments API v3 supports payments and payouts in the UK and EU, including merchant-account pay-ins, payments to a beneficiary, refunds, and payouts. A sandbox is available for testing without moving real money. Integration options also include Shopify and Magento plugins, plus libraries for Java, PHP, C#, and JavaScript/Node. API use requires a Console account, and most API features require a merchant account. Ecommerce plugins are available in the UK only. TrueLayer says Pay by Bank can reduce fees and card-related fraud, and that returning customers convert at up to 90%. Pricing is available on request; there is no free plan. The company lists Android, iOS, web, and API platforms.