The Payments Association Announces and Honours the 2022 PAY360 Awards Winners

  • Payments
  • 06.10.2022 11:15 am

The Payments Association, which celebrates innovation and collaboration across the payments industry, has today announced the winners of its 15th annual PAY360 Awards.

Held at JW Marriot Grosvenor House Hotel, London, and attended by more than 850 of the most senior executives from across the payments value chain, it is the most prestigious payments ceremony in the UK. While this years’ PAY360 awards received a large volume of submissions, from over 30 countries, the deserving winners truly reflect the innovation in today’s payments sector. All 106 finalists demonstrated the highest quality across the wider payments industry, including financial inclusion, open banking and mobile payments.

The UK fintech sector comprises over 1,600 firms, which is expected to double by 2030. The sector contributes an estimated $13.4 billion (£11 billion) and over 76,000 jobs to the UK economy. The PAY360 Awards recognise those that have broken barriers and revolutionised how we make transactions. They are the most highly regarded awards in payments, drawing hundreds of the leading experts and market leaders.

Tony Craddock, director general of The Payments Association, said: “As we mark the 15th year of the awards and the first under their new name, I am overwhelmed by the enthusiasm and passion every company continues to bring to the PAY360 Awards. Since its inception, but particularly over the past year, the payments industry has grown significantly and become increasingly competitive. This reflects the new name – awards that give a comprehensive 360° view of the payments industry.”

He added: “This years’ winners demonstrate the rich talent across the whole payments community. We will continue to embolden every influential payments company that aims to benefit everyone and exceed expectations, no matter the size.”

The full list of winners for 2022 include:

  • Best International Payments, Remittance or use of FX: Vitesse (winners)
    • Banking Circle (silver winners)
  • Best Financial Inclusion Payments Programme: Paycode (winners)
  • Best Consumer Payments Programme: BPC (winners)
  • Best B2B Payments Programme: Cora (winners)
    • Nium (silver winners)
  • Best Open Banking Initiative: Yapily and Comma (winners)
    • Payit by NatWest (silver winners)
  • Best B2B/B2C Banking Initiative: Toqio & Crealsa (winners)
  • Best Partnership Initiative: Asperato & GoCardless (winners)
    • Tink & Kivra (silver winners)
  • Best Use of Payments Data or AI in Financial Services: TSYS and Featurespace (winners)
  • Most Innovative Mobile or Financial Services Payments Solution: Form3 (winners)
    • Curve (silver winners)
  • Most Innovative Merchant Services Solution: YouLend (winners)
    • DigitalFlyer (silver winners)
  • Best Financial Crime Prevention Solution (New): SEON (winners)
    • Featurespace (silver winners)
  • Business Reg Tech Project (New): China Banking Corporation – Easy Tax (winners)
  • Best Customer Facing Experience: YouLend Revenue-based finance solution (winners)
  • Vyne (silver winners)
  • Leading Financial Services or Payments Start-Up: FinScore (winners)
    • StarLiX (silver winners)
  • Best Use of Crypto and/or Blockchain in Financial Services: Nexo (winners)
    • Arf (silver winners)
  • Best Direct Account to Account Solution: Payit by NatWest (winners)
    • Vyne (silver winners)
  • Best Lending Initiative: SteadyPay (winners)
    • DivideBuy (silver winners)
  • Best ESG Initiative in Payments (New): Trust Payments (winners)
  • Leading Emerging Payments Organisation: Weavr (winners)
    • Marqeta (silver winners)
  • Best Demonstration of UK Companies Exporting Financial Services (New): Capital on Tap (winners)
    • Codat (silver winners)
  • Industry Contributor of the Year: Pavle Ljujic, Director and Founder, Pannovate

The PAY360 Awards celebrate innovation, collaboration and excellence by recognising companies that have made significant advances in how we pay today.

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