Midnite Pay by Bank is now live in the UK, with the sports betting platform having integrated TrueLayer‘s open banking payment product to let players deposit and withdraw directly from their bank accounts. The company says early performance is strong, though it has not published specific conversion figures to support that claim.
What Midnite Pay by Bank actually offers players
Midnite, which was founded in 2018 and has built its own mobile-first technology platform covering sports betting and igaming, positions payments as central to its player experience. The company argues that deposits and withdrawals are the moments at which players judge an operator most harshly, and where friction carries the highest cost.
With the integration live, players can deposit and withdraw directly from their bank accounts through Pay by Bank. Midnite points to TrueLayer’s user network of 27 million users across the UK and Europe as a factor in why it chose the provider, citing familiarity with the payment flow as a driver of conversion.
Christian Huynh, lead product manager at Midnite, said: ‘At Midnite, we want the experience to rival the best consumer apps, and payments are no exception. Players expect money in and out to be instant and secure. TrueLayer’s Pay by Bank gives us the infrastructure to deliver that. The early results speak for themselves. We remain committed to providing a user experience that is unrivalled across the market, and we look forward to offering TrueLayer’s fast and reliable Pay by Bank option to our players.’
The reference to early results is doing some heavy lifting. No baseline data, conversion rates, or time period is specified in what Midnite has published. That is a familiar pattern in payment integration announcements, and readers should treat the performance claims accordingly until figures are released.
TrueLayer’s position in the UK Pay by Bank market
TrueLayer is not a marginal player in this space. According to TrueLayer’s own announcements, the company processes more than 40% of all Pay by Bank payments in the UK, a figure it describes as making it the largest Pay by Bank network in the country. A separate milestone announcement states that TrueLayer processed more than $10 billion in payments in April and that its platform accounts for almost half of all UK Pay by Bank transactions.
Those are TrueLayer’s own figures, drawn from its own communications. Independent verification of market-share claims of this kind is rarely straightforward. What can be said is that the company has built a substantial consumer network and that its footprint in igaming is expanding.
Roberto Villani, vice president of igaming at TrueLayer, said: ‘Igaming is where payments get stress-tested. Players want money in and out in seconds, and operators need certainty on every transaction. That is what Pay by Bank was built to do. Midnite has built a modern platform for a new generation of players, and now their payments match it. Strong performance from day one tells you where this partnership is going.’
Again, ‘strong performance from day one’ is asserted rather than evidenced. The absence of a defined metric is not in itself suspicious, plenty of live integrations perform well before anyone has assembled a publishable data set, but it is worth noting.
Igaming is a growing front for the Pay by Bank rollout
The Midnite deal sits within a broader igaming push by TrueLayer. According to a TrueLayer announcement, Pay by Bank is now live across bet365’s UK and German operations, with expansion into additional markets planned throughout 2026. Igaming operators are attractive partners for open banking payment providers because the sector places unusually high demands on speed and reliability: a failed withdrawal at the wrong moment costs goodwill that is difficult to recover.
TrueLayer has also noted that ecommerce is the fastest-growing sector for Pay by Bank adoption, with a 5x year-on-year increase in ecommerce transaction volume recorded by the company. Igaming and ecommerce are, in structural terms, quite similar from a payments perspective: both involve frequent, relatively small-value transactions where the consumer’s confidence in the outcome directly shapes repeat behaviour.
For Midnite, the question is whether Pay by Bank meaningfully shifts player behaviour or whether it sits alongside card payments as a niche option. The company’s framing suggests confidence; the published data to confirm that picture is, for now, forthcoming. What TrueLayer’s milestone disclosures do establish is that the infrastructure behind the integration is operating at genuine scale, which is at least a reasonable starting condition.
