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Banked:

Using digital incentives to drive adoption of Pay by Bank and create a more rewarding checkout experience.

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About Banked:

Building a better way to pay

Banked: is building a global payment network that offers an alternative to traditional payment methods. Pay by Bank connects customers directly to their mobile banking app, enabling secure biometric authorisation without creating an account or sharing financial details with the merchant.

Challenge:
Banked: wanted to increase consumer adoption of Pay by Bank and strengthen its share of the checkout journey.
Solution:
Banked: integrated with Tillo to introduce digital rewards from more than 4,000 global brands at checkout.
Result:
Banked: research indicated that adding an incentive could increase Pay by Bank’s checkout share from 10% to 23%.

Giving consumers a reason to switch

Pay by Bank offers a fast and secure alternative to established payment methods, but changing customer behaviour at checkout remains challenging. Banked: identified an opportunity to use meaningful incentives to increase awareness, encourage trial and give consumers another compelling reason to choose direct bank payments.

The Solution

Rewards built into the checkout

By integrating with Tillo, Banked: incorporated digital rewards into its incentivisation and growth strategy. Merchants can offer gift cards from more than 4,000 global brands at checkout, creating an immediate benefit for customers who choose Pay by Bank.

Merchants can select relevant incentives and define the parameters of each campaign, while Tillo manages digital fulfilment behind the scenes. Banked: can promote incentives across its marketing channels and analyse campaign performance, creating a scalable approach that works across different markets.

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A more rewarding way to pay

At checkout, consumers are presented with Pay by Bank as a secure, direct payment option alongside a relevant digital incentive. They authorise the payment through their mobile banking app, without creating another account or entering financial information directly with the merchant.

For merchants, incentives provide a practical way to encourage trial and increase Pay by Bank’s share of checkout. Tillo manages reward fulfilment, while Banked: supports campaign promotion and analysis—combining a simple customer experience with greater control behind the scenes.

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Partnership Impact

What Banked: and Tillo achieved together

By combining Banked:’s direct payment technology with Tillo’s digital rewards and global brand network, the partnership created a scalable incentivisation model designed to increase consumer adoption and help merchants strengthen Pay by Bank’s position at checkout.

130% potential uplift

Research indicated checkout share could increase from 10% to 23% with an incentive.

4,000+ global brands

Merchants can select incentives from an extensive international reward network.

40+ markets

Tillo’s global reach supports campaigns across Banked:’s expanding payment network.

Flexible campaigns

Merchants can choose rewards, define campaign parameters and review performance.

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