PayDo, the UK-licensed Electronic Money Institution, has officially launched new customer-to-business (C2B) settlement accounts. The new feature, housed within its all-in-one electronic money solution, is designed to help merchants accept and rapidly settle payments made directly from customers’ bank accounts.
The rollout expands PayDo’s payment capabilities beyond the standard business-to-business (B2B) services typically offered to online merchants. Built specifically to handle open banking payment flows, the C2B accounts are designed to reduce settlement delays, eliminate the need for manual payment requests, and provide merchants with instant payment confirmations.
Settling in under two seconds
The operational efficiency of the new accounts relies on speed. When a customer selects a pay-by-bank option at a digital checkout, the payment is initiated through their personal banking app and transferred directly into the PayDo ecosystem.
Once the funds are received by the system, they are settled directly to the merchant’s business account in under two seconds. The merchant is then provided with an immediate notification that the funds have cleared.
By supporting these direct C2B bank payments, PayDo aims to help merchants improve their overall settlement speed, simplify their day-to-day payment operations, and gain greater visibility over incoming funds through a single, unified account structure.
Serhii Zakharov, CEO and founder of PayDo, emphasized the practical impact of the new feature.
“We’ve moved the needle from making open banking possible to making it operationally effective for businesses processing significant payment volumes,” Zakharov stated. “This is how a promising payment rail becomes a more practical and reliable part of day-to-day commercial infrastructure.”
Meeting the demand for alternatives
The launch reflects a broader industry demand for payment methods that combine a smooth user experience with faster settlement and lower operational friction. Under this model, customers can pay without manually entering lengthy account details, while merchants benefit from quicker access to their funds—representing a potentially more cost-effective alternative to traditional card payment flows.
The new solution is built entirely on Payment Initiation Services technology. It sits firmly within PayDo’s wider business account ecosystem, which currently enables merchants to receive funds, manage their balances, pay suppliers, and move money globally from a single platform.
In addition to its new settlement capabilities, PayDo continues to offer merchant accounts and checkout services featuring Visa and Mastercard acquiring, alongside access to more than 350 alternative payment methods.
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