Quidkey Announces Strategic Partnership with Tryp.com to Power Next-Generation “Pay by Bank” Travel Payments

October 29, 2025
5 min read
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London, UK — 10.29.25 — Quidkey, the fast-growing cross-border payments technology provider, today announced a strategic partnership with Tryp.com, one of Europe’s fastest-growing OTAs, to integrate its next-generation “Pay by Bank” infrastructure into Tryp.com’s checkout experience. The collaboration introduces a frictionless, account-to-account payment option with instant settlement, allowing Tryp.com customers to pay directly from their bank while earning loyalty rewards in the form of Tryp.com coins. The partnership has been live for several months and has already produced significant returns for Tryp.com.

Quidkey operates alongside existing PSPs like Stripe, giving merchants a modern, bank-direct payment method without replacing existing infrastructure. Through a one-click integration available on Shopify, WooCommerce, or iFrame, Quidkey gives merchants a low-cost alternative to credit cards while dramatically improving customer conversion rates — especially in younger digital-native demographics demanding faster, simpler checkout journeys.

Tryp.com is included in a select group of merchants that Quidkey has brought live across the UK, EU, and US, and early results have exceeded expectations.

"We were incredibly impressed by the Quidkey team's speed. We pitched a custom rewards program — allowing our users to earn Tryp.com coins by using Quidkey — and they immediately grasped the vision and worked with us to build and launch it. Half of our travelers are under 25, and we’ve seen a major shift in how younger users want to pay. This partnership lets us meet that demand directly with a payment experience that feels modern, secure, and native to their habits," said Andre Rangel, Founder & CEO of Tryp.com.

Tryp.com reports that Quidkey’s Pay by Bank solution is more than 3x more cost-effective than traditional payment methods, enabling the OTA to reinvest savings into its user base.

"The significantly faster settlement times are a game-changer. It dramatically improves our cash flow as we scale, giving us more flexibility to grow our platform," Rangel added.

A More Intelligent “Pay by Bank” Experience

Unlike traditional A2A providers that require multiple redirects and bank searches, Quidkey uses an AI-powered bank prediction layer that surfaces the customer’s bank instantly — resulting in a consumer experience closer to Apple Pay but using bank rails at a fraction of the cost and dramatically higher completion rates.

"Merchants shouldn’t have to choose between better conversion or lower cost. With Tryp.com, we’re proving that a modern A2A experience can be faster than cards, cheaper than cards, and better aligned with what digital-native consumers want from checkout. This partnership truly exemplifies where the payments landscape is heading," said Rob Zeko, Co-Founder & CEO of Quidkey.

About Quidkey

Quidkey is a cross-border payments technology company enabling merchants to accept instant account-to-account payments across the UK, EU, and US. By operating alongside existing PSPs rather than replacing them, Quidkey gives merchants a seamless path to lower costs, faster settlement, and higher checkout conversion. Integration takes minutes via Shopify, WooCommerce, or iFrame.

About Tryp.com

Tryp.com is a next-generation online travel agency helping a global audience discover and book multi-destination travel experiences. With a fast-growing Millennial and Gen Z customer base, Tryp.com delivers flexibility, personalization, and reward-driven travel through an intuitive digital-first platform.

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Frequently Asked Questions

Which UK banks support open banking?

All major UK banks are required by law to support open banking. This includes the CMA9, a group made up of Barclays, HSBC, Lloyds, NatWest, Santander, Nationwide, Bank of Ireland, Danske Bank, and AIB. Many other banks and building societies have also implemented open banking APIs, making it available to the vast majority of UK consumers and businesses.

Is open banking safe in the UK?

Yes, open banking in the UK is regulated and secure. Only authorised third parties regulated by the Financial Conduct Authority (FCA) can access open banking data or initiate payments. Customers must give explicit consent, and every transaction uses Strong Customer Authentication (SCA), typically via biometric login or two-factor authentication. Data is encrypted and protected under strict GDPR and FCA standards.

What are the open banking transaction limits in the UK?

Transaction limits for open banking payments depend on the customer’s bank and the type of account. Most personal accounts allow payments up to £10,000 per transaction, with some banks supporting higher limits. Business accounts can often process significantly larger payments. However, some banks may impose daily or per-session caps to protect against fraud. These limits are gradually increasing as adoption grows and infrastructure matures.

What are the benefits of open banking for ecommerce in the UK?

Open banking offers ecommerce businesses faster, cheaper, and safer payments. It reduces transaction costs by cutting out card networks and other intermediaries. Payments typically settle instantly via Faster Payments, improving float and cash flow. Because transactions are initiated and authenticated through the customer’s bank, there is no card data to steal, and chargebacks are eliminated. This leads to lower fraud risk and fewer abandoned carts, especially on mobile. With a well-implemented pay-by-bank flow like Quidkey’s, merchants also see improved conversion and greater control over the checkout experience.

Does open banking provide payment protections?

Irrespective of the payment method, most merchants offer refunds or buyer protections via their respective terms and conditions and the same applies to open banking payments. Fraudulent card usage, CNP (card not present) or friendly fraud is not applicable to open banking as account-to-account transfers are directly authenticated via the customer’s bank app and require SCA (strong customer authentication). Further, generally applicable consumer protection laws like the Consumer Rights Act 2015 offer strong statutory rights and protect consumers beyond payments issues, providing consumers with return rights, product safety, delivery guarantees, and the ability to cancel, complain and get refunds. Additionally, platforms like Amazon, ebay, Shopify provide commercial protections beyond those required by law, such as 30-day return policies, ‘A-to-Z’ guarantee, and money back guarantees for non-delivery.