Ecospend, a Trustly Company

Founded in 2017, Ecospend is a leading provider of Open Banking technology in the United Kingdom. The company is authorised by the Financial Conduct Authority (FCA) to provide both Payment Initiation Services (PIS) and Account Information Services (AIS). Its core mission is to leverage Open Banking to create more efficient, secure, and cost-effective payment rails that bypass traditional card networks. In 2022, Ecospend was acquired by the global payment provider Trustly to strengthen its Open Banking capabilities and presence in the UK market. Ecospend is well-known for its contract with the UK's tax authority, HMRC, to provide 'Pay by Bank' services for tax payments.