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The Payments Association hails 2022 PAY360 winners

Thursday, October 06, 2022 — 09:46:41 (EDT)

London, United Kingdom. 6th October 2022: 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 of 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 recognises 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

For more information on the work and services of The Payments Association you can visit: thepaymentsassociation.org or contact: marketing@thepaymentsassociation.org

About The Payments Association

The Payments Association (previously the Emerging Payments Association, or EPA) is a community for all companies in payments, whatever their size, capability, location or regulatory status. Its purpose is to empower the most influential community in payments, where the connections, collaboration and learning shape an industry that works for all. It works closely with industry stakeholders such as the Bank of England, the FCA, HM Treasury, the PSR, Pay.UK, UK Finance and Innovate Finance.

Through its comprehensive programme of activities and with guidance from an independent Advisory Board of leading payments CEOs, The Payments Association facilitates the connections and builds the bridges that join the ecosystem together and make it stronger. These activities include a programme of monthly digital and face-to-face events including an annual conference, PAY360, The PAY360 Awards dinner, CEO roundtables and training activities. The Payments Association also runs six stakeholder working project groups covering financial inclusion, regulation, financial crime, cross-border payments, open banking and digital currencies. The volunteers in these groups represent the collective views of the industry and work together to ensure the big problems facing the industry are addressed effectively. The association also conducts original research which is made available to members and the authorities. These include monthly whitepapers, insightful interviews, and tips from the industry’s most successful CEOs.

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Source: Company press release.