Payment services specialist allpay is now collecting £1.59 billion per annum in Direct Debit payments, from 12.1 million transactions. With the total BACS Direct Debit transaction volume reaching 3.6 billion each year in the UK, allpay today represents a growing market share of the UK’s total Direct Debit market.

Specialising in the collection of private and public sector bill payments – such as rent, council tax, utility and insurance bills – and working with a wide range of housing associations, government departments, local authorities, energy companies and insurers, allpay provides a fully managed, cloud-based solution to organisations wanting to offer a flexible ‘any day’ direct debit service to their customers, without needing bank sponsorship.

Nick Peplow, Bill Payments Director at allpay, said: “These figures are a real indicator of the trusted reputation allpay now has in the UK private and public sector market. The continuing popularity of Direct Debit as a means of managing household income is reflected by BACS statistics which show that eight-out-of-ten adults in the UK have at least one Direct Debit, and around 71 per cent of household bills are paid in this way.

“The benefits of working with allpay stretch to both our clients and their customers. The digital, paperless service we provide helps reduce the cost of compliance and administration for organisations, making us the ideal solution for SMEs, landlords, utility and insurance companies. At the same time, the streamlined, efficient online service enables our clients to offer full flexibility to their customers on payment dates and frequencies,” he said.

In addition, annual volume figures released by Payments UK shows allpay now processes Direct Debits for one in every five households paying rent for a house or flat by Direct Debit or standing order.

Peplow added: “Our significant presence in the housing rental market is testament to the quality of the service we provide. Despite our successes, we do not believe in resting on our laurels. We are constantly looking to innovate in new ways, and our next generation Direct Debit platform, launched in July 2015, is already enhancing our clients’ experiences even further, providing cutting-edge functionality and additional flexibility for our clients and their customers. Convenience is key for all parties in a transaction, and we see digital innovation as crucial in creating this.”