Looking Beyond Yaspa? 5 Open Banking Platforms for UK Businesses

Yaspa is a UK-based Open Banking platform offering instant payments, account verification, and client onboarding tools. It’s used by businesses in sectors like iGaming, utilities, and eCommerce that want to reduce reliance on cards and streamline how money and identity data move.

But as business needs shift, so do platform priorities. You might need faster setup, better UK bank coverage, transparent pricing, or tools that go beyond just payment collection.

That’s why many teams are looking into Yaspa alternatives — providers that support similar use cases but offer more flexibility, faster deployment, or clearer operational control.

In this guide, we’ve highlighted four strong alternatives to Yaspa: Finexer, Token.io, Modulr, and Volt. Each offers something different depending on whether you need to move money, onboard users, or manage large-scale payouts.

1. Finexer

UK-First Open Banking Platform for Faster Payments and Onboarding

Finexer is a strong Yaspa alternative for UK-based businesses looking to simplify payments and client onboarding without sacrificing control or compliance. Purpose-built for local operations, Finexer connects to 99% of UK banks and enables real-time account-to-account (A2A) transfers, income verification, and payout flows — all through a flexible, usage-based model.

Unlike broader platforms with international overhead, Finexer focuses on giving UK teams exactly what they need: speed, clarity, and tools that work out of the box.

What you get with Finexer:

• Real-time A2A payments across nearly all UK banks
• Bulk payout features via CSV or direct API
• Account verification and affordability insights using live bank data
• No setup costs or monthly minimums — only pay for what you use
• White-label options for branded onboarding and payment flows
• Full sandbox access with 2–3x faster go-live compared to most platforms

If you’re looking for a Yaspa alternative that prioritises UK coverage, straightforward pricing, and faster deployment, Finexer is a well-aligned choice for startups, fintechs, and operational teams who want to move quickly without complexity.

2. Zimpler

Mobile-First Open Banking Platform with Integrated KYC Tools

Zimpler is a Sweden-based Open Banking provider that offers real-time account-to-account (A2A) payments, with a strong emphasis on mobile user experience and integrated Know Your Customer (KYC) tools. It’s particularly well-suited for businesses operating in the Nordics and Brazil that require seamless onboarding and payment solutions.

What you get with Zimpler:

• Instant A2A payments optimised for mobile platforms
• Integrated KYC and affordability checks within the payment flow
• Coverage across Sweden, Finland, and Brazil
• Developer-friendly APIs for easy integration
• Support for recurring payments and subscription models​

Zimpler’s platform is designed to provide a frictionless user experience, making it a strong contender among Yaspa alternatives for businesses targeting mobile-first markets.​

3. Modulr

Embedded Payment Infrastructure Built for UK and EU Business Workflows

Modulr is a regulated payments platform that enables businesses to embed account-to-account (A2A) payments, payouts, and financial operations directly into their workflows. As a Yaspa alternative, Modulr offers a more infrastructure-oriented approach, ideal for platforms that need custom payment flows and deeper control over how money moves.

Whether you’re automating payroll, managing supplier disbursements, or building client-facing payment services, Modulr gives you the flexibility to handle real-time transactions and reconciliation at scale.

What you get with Modulr:

• Access to UK Faster Payments, SEPA, and Bacs networks
• Real-time A2A payments and scheduled payout automation
• Virtual accounts and custom IBANs for each customer or workflow
• API-driven controls for accounts, authorisations, and audits
• Embedded payment functionality within finance and SaaS platforms
• Regulated as an EMI by the FCA and authorised to hold client funds

Modulr is particularly useful for platforms and service providers that want to move beyond simple payment collection and build end-to-end financial processes. For businesses looking for a Yaspa alternative that offers deeper infrastructure, compliance coverage, and embedded finance capabilities, Modulr is a solid option for businesses aiming to enhance efficiency and scalability.

4. Brite Payments

Instant A2A Payments Across Europe with Built-In Payouts and KYC

Brite Payments is a Swedish Open Banking provider offering instant account-to-account (A2A) payments and payouts across 27 European markets. As a Yaspa alternative, Brite stands out for its proprietary Instant Payments Network (IPN), enabling 24/7/365 real-time settlements—even in markets without native instant payment schemes .​

Brite’s platform is designed for businesses seeking seamless, secure, and efficient payment solutions. It eliminates the need for cards, apps, or sign-ups, allowing customers to pay directly from their bank accounts with just a few clicks .​

What you get with Brite Payments:

• Instant A2A payments and payouts across 27 European countries
• Proprietary IPN ensuring 15-second settlements, even in non-instant markets
• Integrated KYC and account verification tools for streamlined onboarding
• Recurring payment capabilities without the need for direct debit mandates
• Transparent and predictable fee structures, reducing unexpected costs
• Automated reconciliation and real-time reporting to enhance operational efficiency ​

For businesses operating across Europe and seeking a Yaspa alternative that offers rapid settlements, comprehensive coverage, and integrated compliance tools, Brite Payments presents a compelling option.

5. Token.io

One API for Multi-Country A2A Payments Across the UK and EU

Token.io offers a developer-focused platform for initiating real-time account-to-account payments across the UK and Europe. It’s commonly used by PSPs, platforms, and regulated businesses that need consistent, scalable infrastructure across borders.

The platform is designed to help businesses handle pay-ins, pay-outs, and refunds through a single, compliant API, particularly useful for those operating in multiple regions.

What you get with Token.io:

• Pan-European bank connectivity via one integration
• Support for one-time, recurring, and bulk A2A payments
• Payout and refund management tools
• Fully PSD2-compliant and FCA-authorised
• Strong documentation and developer resources for custom builds

Token.io is a strong option for companies that operate across both the UK and EU and need to manage real-time payments at scale within a unified framework.

Choosing the Right Yaspa Alternative for Your Business

Whether you’re managing payments, verifying customer accounts, or streamlining onboarding, the right solution can have a real impact on how efficiently your business operates.

In this guide, we’ve explored several strong Yaspa alternative platforms —each offering a different mix of payment functionality, onboarding tools, and regional coverage to support modern business workflows.

• Finexer delivers a UK-first platform with instant A2A payments, affordability checks, and faster go-live for businesses that value speed, Affordability and simplicity.
• Zimpler offers a mobile-first payment and KYC experience, well suited to companies focused on customer onboarding in the Nordics and Brazil.
• Modulr helps teams embed payments and automate financial processes through regulated, API-driven infrastructure in the UK and EU.
• Brite Payments supports 24/7 pan-European A2A payments with built-in KYC, recurring payments, and rapid settlement times.
• Token.io provides multi-country payment capabilities for platforms that need a single API to manage pay-ins, payouts, and refunds across regions.

The best Yaspa alternative depends on your business model, market focus, and the level of control you need. Take the time to assess what matters most — whether that’s speed, compliance, pricing transparency, or bank connectivity — and choose a provider that fits how you work today and how you plan to grow tomorrow.