TrueLayer Processes Over $1 Billion in Black Friday Weekend Payments as Pay by Bank Ecommerce Adoption Accelerates

TrueLayer  processed more than 1 billion dollars in total payment volume from Friday to Monday – its first-ever Billion Dollar Black Friday weekend – as Europe’s largest ecommerce brands and their customers rapidly shift to using Pay by Bank at scale.

The milestone marks a major step in TrueLayer’s expansion across ecommerce. In its annual report earlier this year, TrueLayer announced that payment volumes from online retail increased five times year on year in 2024, driven by merchants including Just Eat and Ryanair.

With card fees rising and failure rates climbing during peak season, major retailers turned to Pay by Bank to deliver secure, instant checkout experiences with fewer drop-offs and no card surcharges. Shoppers saw faster checkout, instant authentication and no need for card details – reducing friction at a peak-stress moment for ecommerce.

Francesco Simoneschi, co-founder and CEO at TrueLayer, said:“Hitting a billion dollars of volume over Black Friday weekend is a defining moment for Pay by Bank and for the future of ecommerce. This is what mainstream adoption looks like. Europe’s biggest brands are showing that real time payments can outperform cards on speed, conversion and cost, even under Black Friday pressure. This is a massive milestone for TrueLayer and a clear signal that retail payments are changing for good.”

The surge caps a year of rapid network growth for TrueLayer. In 2025, the company consistently added more than one million new users per month and reached 20 million total users in November, with ecommerce emerging as one of its fastest scaling verticals.

TrueLayer continues to invest in enterprise-grade features for retailers, including enhanced refunds, improved payment retries, instant settlement and deeper treasury automation for high volume merchants, to support the next wave of ecommerce adoption.

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