Top Open Banking Platforms for UK Vendor Payments [2025]

For many UK-based vendors and platforms, disbursing payments to suppliers is still a time-consuming, error-prone task. Whether you’re managing weekly invoices or daily contractor payouts, the manual work involved — from uploading spreadsheets to chasing payment statuses — adds up fast.

That’s where modern banking integration solutions come in.

Thanks to Open Banking, you can now send funds directly from your account to your vendor’s bank in real time, without relying on cards, payment files, or outdated BACS workflows. These solutions help simplify your accounts payable process, reduce admin, and offer more visibility into where your money is going and when.

In this blog, we’ve reviewed five trusted banking integration solutions that help businesses disburse payments to vendors faster, securely, and at a lower cost — all while keeping compliance and traceability in check.

What to Look for in a Vendor Disbursement Integration

When evaluating banking integration solutions for vendor disbursements, the goal isn’t just speed — it’s reliability, automation, and visibility. A good provider should help you reduce operational overhead while keeping your finance workflows secure and auditable.

Here are the key features to prioritise:

✅ Real-Time Account-to-Account Payments

Avoid slow batch processing. Look for platforms that enable instant A2A transfers, especially for time-sensitive or high-volume payouts.

✅ Bulk Payment Capability

Disbursing funds one by one isn’t scalable. You’ll want tools that support bulk uploads or API-triggered mass payouts, with clear tracking and audit logs.

✅ UK Bank Coverage

For domestic disbursements, ensure the solution connects to all major UK banks. This reduces friction and helps avoid failed transactions due to unsupported banks.

✅ Secure API Access (with FCA Compliance)

Security is non-negotiable. Choose solutions that are FCA-authorised and use Open Banking APIs, reducing your exposure to fraud and data mishandling.

✅ No-Code / Low-Code Options

If your business doesn’t have an in-house dev team, a platform that supports payment links or upload-based flows can help you integrate faster — without engineering delays.

✅ Transparent, Usage-Based Pricing

Avoid getting locked into monthly minimums or unclear fee structures. Opt for providers that offer predictable pricing based on how much you actually use the platform.

1. Finexer

Best for: UK-Based Vendor Networks, Startups, and SaaS Platforms

If you’re looking for a vendor disbursement solution purpose-built for the UK market, Finexer offers one of the most accessible and reliable banking integration solutions available today. From instant A2A payouts to full auditability, Finexer helps businesses move funds to suppliers and contractors with less manual effort and more control.

Key Features:

• ✅ Connects to 99% of UK banks via secure Open Banking APIs
• ✅ Instant account-to-account disbursements, even in bulk
• ✅ Upload-based or API-triggered bulk payment options
• ✅ FCA-authorised infrastructure for payment and data access
• ✅ Usage-based pricing (no monthly minimums or lock-in)
• ✅ Full sandbox access for testing without billing pressure
• ✅ Optional white-label support for platforms managing payouts on behalf of clients

Pros:

• Built specifically for UK disbursements — no multi-region complexity
• Go live 2–3x faster than most providers
• Transparent pricing with no setup or hidden fees
• Works for both API and non-technical teams

Integrations:

• Compatible with leading UK accounting tools (e.g., Xero, Sage)
• API and no-code flows for ERP, payroll, or custom payout platforms
• Easily integrates to all Accounting & ERP solutions

Pricing:

Finexer uses a simple, usage-based model, so you only pay for what you use.

• No Sandbox & Dashboard Fees
• No monthly minimums
• No hidden charges

Most businesses pay a flat fee per transaction or a small percentage of the payout value, depending on volume.

✅ Ideal for startups and growing teams who need clear, predictable pricing.

2. Modulr

Best for: High-Volume UK Businesses and Platforms Requiring Embedded Payments

Modulr is one of the most established banking integration solutions in the UK, known for its reliable infrastructure and automation tools. It’s well-suited for businesses handling large-scale vendor disbursements and seeking full control over how funds are triggered, routed, and tracked.

Key Features:

• Automated bulk disbursements via API or file upload
• FCA-regulated and authorised as an EMI (Electronic Money Institution)
• Direct access to UK payment schemes including Faster Payments and Bacs
• Real-time notifications and payment tracking
• Supports scheduled or triggered payouts via APIs

Pros:

• Robust infrastructure for large-scale vendor payout workflows
• Strong API performance with real-time status updates
• Offers virtual accounts for reconciliation and segregation

Cons:

• Requires technical integration — not ideal for non-technical teams
• Minimum fee and contract requirements may apply for smaller businesses

Integrations:

• API-first but integrates with ERP and finance platforms like NetSuite, Sage, and QuickBooks
• Can be embedded into platforms for customer-facing disbursement flows

Pricing:

Modulr uses a custom pricing model based on volume, features, and business type.
Expect a monthly fee plus a per-payment charge depending on your use case.

3. Token.io

Best for: Platforms Seeking PSD2-Compliant Payout Infrastructure Across the UK and EU

Token.io offers open banking connectivity with a strong emphasis on payments, particularly for businesses operating across multiple European markets. If your vendor disbursement needs extend beyond the UK, Token.io provides a unified API that can support cross-border account-to-account payments.

Key Features:

• Single API for initiating payments across the UK and EU
• Supports business and consumer bank accounts
• Strong coverage of banks within the PSD2 framework
• Real-time payment confirmation and status visibility
• Enterprise-grade performance and security

Pros:

• Good fit for pan-European vendor networks
• Built specifically for payment initiation use cases
• Offers both single and bulk payment capabilities

Cons:

• Limited support for financial data access (AIS)
• May not offer pricing transparency for smaller UK-only vendors

Integrations:

• Designed for custom platform integrations
• Compatible with ERP, finance, and procurement systems through API

Pricing:

Token.io provides custom pricing based on business type, payment volume, and geography.
Expect a per-payment fee model, typically available on request.

4. Volt

Best for: Real-Time Vendor Disbursement Across High-Volume Platforms

Volt positions itself as a real-time payments network built on top of Open Banking infrastructure. While commonly associated with instant consumer payments, Volt also supports fast and secure vendor disbursement for businesses needing to move funds quickly and track every transaction along the way.

With access to Faster Payments in the UK and SEPA Instant in Europe, Volt is ideal for platforms and merchants managing high-frequency payouts. Its infrastructure supports payment orchestration and smart routing, ensuring your vendor disbursements arrive on time, every time.

Key Features:

• Real-time account-to-account payouts
• Access to domestic (UK) and pan-European payment rails
• Smart payment routing and retry logic
• Unified API across multiple regions
• Advanced reconciliation and status tracking

Pros:

• Strong infrastructure for instant vendor disbursement use cases
• Focused on high-speed, real-time performance
• Built-in tools for orchestration and error handling

Cons:

• May be more complex than needed for smaller teams
• Less focused on low-code integration options

Integrations:

• API-first platform with SDKs for easy developer access
• Designed for payment teams building custom disbursement flows

Pricing:

Volt offers custom pricing depending on volume, geography, and feature requirements.

5. Yapily

Best for: Developer Teams Automating Vendor Disbursement Workflows at Scale

Yapily is a developer-first Open Banking platform that gives businesses direct access to financial data and payment initiation across UK and EU banks. While it’s best known for its robust data APIs, Yapily also supports account-to-account payments, making it a flexible option for vendor disbursement automation.

If you have an in-house tech team and need full control over how vendor payments are triggered and tracked, Yapily’s raw API access and wide bank coverage can provide the foundation for a highly customisable disbursement workflow.

Key Features:

• Direct API access to over 2,000 banks in the UK and EU
• Payment initiation services (PIS) for real-time payouts
• AIS for account and transaction verification
• High-speed performance and response monitoring tools
• Developer sandbox and technical documentation

Pros:

• Ideal for fully custom vendor disbursement solutions
• Strong support for financial data + payment API use cases
• Deep integration capabilities for enterprise systems

Cons:

• Requires technical resources — not suited for non-developers
• No no-code features or prebuilt user interfaces

Integrations:

• API-first platform
• Can be integrated into ERPs, procurement systems, and custom dashboards

Pricing:

Yapily follows a tiered, usage-based pricing model.
Rates depend on the number of connected institutions and the volume of transactions.

Choosing the Right Vendor Disbursement Partner

Vendor disbursements shouldn’t be a bottleneck. With Open Banking-powered platforms, UK businesses can now handle payouts with greater speed, visibility, and control — all while reducing the manual work and uncertainty tied to traditional banking systems.

Whether you’re processing weekly payments to a handful of suppliers or managing bulk disbursements across a growing contractor base, the right platform should match your operational scale, technical needs, and cost structure. Every provider has strengths — the key is choosing one that aligns with how your business actually pays vendors.

For UK-based teams looking for a fast, integration-ready solution, Finexer is a strong fit. Built for domestic vendor disbursements, it supports instant account-to-account payouts, bulk payment automation, and connects to 99% of UK banks. There are no setup fees, no lock-in contracts — just straightforward, usage-based pricing designed for flexibility and scale.