SSV SmartPay

SSV SmartPay SSV SmartPay is a banking payment solution revolutionising digital transactions with QR-based payments, instant settlements, and cost-savings for Businesses

28/05/2026

Would your team recognise a cyber threat before it becomes a real problem?

Today, the SSV SmartPay team joined Cyber Behaviour training with the Met Police to strengthen awareness around fraud, cyber risks, and digital security behaviour.

Because modern security starts long before a breach happens.

26/05/2026

Open Banking adoption in the UK continues to move in the right direction

The latest figures show a strong signal for the future of account-to-account payments and Pay by Bank adoption:

âś… 2.51bn API calls
âś… 37m payments processed
âś… 18.28m active user connections

What stands out most is not just the scale — it’s the consistency.

Usage remains steady while participation keeps growing. More consumers are becoming comfortable connecting their bank accounts and using open banking-powered services in everyday transactions.

For merchants, this matters.

It means faster payments, lower reliance on traditional card rails, improved cash flow, and a growing customer base already familiar with the experience.

At SSV SmartPay, we see this as another sign that real-time, account-to-account payments are becoming part of mainstream commerce — not just a fintech trend.

The infrastructure is here. Adoption is catching up.

See the latest data here 👉 https://lnkd.in/gi_N7FZi

Your card terminal is quietly costing you thousands a year. Here’s the maths most UK merchants rarely see. Every card tr...
22/05/2026

Your card terminal is quietly costing you thousands a year. Here’s the maths most UK merchants rarely see.

Every card transaction you accept comes with hidden costs:
❌ Chargebacks - a customer disputes a charge weeks later, you lose the goods and the money, plus a £15–25 fee
❌ Fraud losses - stolen card details can be used at your checkout, leading to avoidable losses
❌ Settlement delays - funds often take 1–3 days to reach your account, impacting cash flow

Pay by Bank, powered by open banking, dramatically reduces all three.
Here’s how it works:
⚡ PSD2 + Biometric auth = customers approve payments in their own banking app using Face ID or fingerprint. No card numbers shared, far less usable data for fraudsters
⚡ Faster Payments rails = money moves bank-to-bank in seconds in most cases, improving speed of settlement
⚡ Push payments, not pull = the customer authorises the exact amount. No traditional chargebacks and significantly reduced “friendly fraud”

The numbers are compelling:
➡️ Open Banking fraud rate: ~0.013%
➡️ Card industry average: ~0.045%
➡️ ~3.5× lower fraud rates (Open Banking Ltd, Mar 2024 – Sep 2025)

And while card processors typically charge 1.5-2.9% + monthly fees + terminal rental + chargeback fees…
SSV SmartPay Ltd charges 0.5%. Flat.

No monthly fees.
No card machine.
No confusing surcharges buried in your statement.
Just a QR code, your customer’s banking app, and fast access to your funds.

If you’re a UK SME or ecommerce merchant still paying card network fees in 2026, it’s worth a look.

Try SSV SmartPay - no monthly fees, no card machine, just 0.5% per transaction: ssvsmartpay.co

What’s stopping you from offering Pay by Bank at checkout?

20/05/2026

Open Banking in the UK is no longer just a fintech trend - it’s becoming mainstream payment infrastructure.

According to Open Banking Limited, more than 16 million consumers and businesses in the UK now actively use open banking-powered services, with billions of API calls being made every month across the ecosystem.

That matters because this is now about real customer behaviour, not future predictions.

Consumers are increasingly comfortable:
đź”—paying directly from their bank
đź”—using secure bank authentication
đź”—completing faster digital checkouts
đź”—avoiding manual card entry and card friction

The shift towards Pay by Bank is becoming more visible across ecommerce, subscriptions, hospitality, and digital services.

The infrastructure already exists.
The adoption is already happening.

Now the focus is on delivering payment experiences that are faster, simpler, and better aligned with how customers already want to pay.

Open banking is no longer a niche innovation.
It’s becoming part of the UK’s core digital commerce infrastructure.

Sources:
Open Banking Limited - https://lnkd.in/gdZdN7m
FCA Open Banking Updates - https://www.fca.org.uk

07/05/2026

Open Banking isn’t just growing - it’s accelerating.

March data shows a clear shift in how people and businesses are managing money:

đź“Š 2.54 billion API calls (+13.7% MoM
đź’ł 37.46 million payments (+14.1% MoM)
đź”— 17.94 million active connections (+8.1% MoM)

(Source: Open Banking)

Behind these numbers is something more important than growth - behaviour change.

Every API call represents a real moment:

A balance check. A payment. A decision to move forward.

Every payment reflects trust in a faster, simpler way to transact - whether it’s a one-off transfer or a recurring flow powered by Variable Recurring Payments (VRPs).

And those nearly 18 million connections?

They show that users aren’t just trying open banking - they’re sticking with it.
Yes, March often brings a seasonal uplift. But this year feels different.
The momentum is stronger. Adoption is deeper.

Open Banking is becoming embedded in everyday financial life - quietly, but at scale.

05/05/2026

We’re excited to share that SSV SmartPay will be attending Accountex 2026!

If you’re going to be there, we’d love to connect and show you how we’re helping businesses get paid faster and more efficiently.

đź“© To book a meeting with our team, email: [email protected]

See you there!

Using WooCommerce for your online store?Want to cut your payment fees without switching platforms?Switch to SSV SmartPay...
29/04/2026

Using WooCommerce for your online store?

Want to cut your payment fees without switching platforms?
Switch to SSV SmartPay and start saving on transaction costs today!

âś… No platform change required
âś… Fast setup - as little as 48 hours (KYC checks & onboarding)
âś… Lower transaction fees
âś… Instant payments
âś… Simple integration with WooCommerce

Stop overpaying for payments.
Start saving with SSV SmartPay.

👉 Save more. Get paid faster. Grow smarter.

28/04/2026

Open Banking is already transforming how payments move in the UK - often quietly in the background of everyday financial life.

A new EY analysis, commissioned by Open Banking Limited, highlights just how significant that impact could become at scale. The report, “Unlocking the Everyday,” estimates up to £43bn in annual economic value could be unlocked across key use cases including payments, savings, credit, debt management, and accounting.

For SSV SmartPay, this reinforces what we’re seeing in practice: open banking is no longer an emerging concept - it’s becoming core infrastructure for faster, smarter, and more transparent payments.

As adoption continues to grow, the opportunity is clear: better user experiences, improved financial control, and more efficient payment ecosystems across the UK economy.

Source: https://www.openbanking.org.uk/unlocking-the-everyday/

24/04/2026

The Financial Conduct Authority has set out its vision for Open Finance - marking an important step toward giving consumers and businesses greater control over their financial data.

For businesses, this means better access to financial products, more tailored services, and smarter decision-making — all built on a more complete view of financial activity. For consumers, it opens the door to more personalised, transparent, and competitive financial services.

At SSV SmartPay, we see this as a natural evolution of Open Banking and a positive move for the entire ecosystem. Greater access to smart data has the potential to reduce friction, improve efficiency, and create new opportunities for innovation across payments and financial services.

As the Open Finance landscape continues to develop, we’re excited to see how these changes will empower businesses to operate smarter and grow faster.

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