Automating wallet funding for one-tap account-to-account payments
We're pleased to announce our partnership with Wollette, the integrated commerce platform connecting merchants, consumers, and banks. Wollette is using Yapily's open banking infrastructure to keep customers' wallet balances funded automatically, supporting the one-tap, account-to-account payment experience at the centre of its platform.
The challenge: reducing friction from manual top-ups
Wollette gives consumers an interest-bearing wallet to save and spend, and gives merchants a suite of open banking tools: point-of-sale, digital receipts, loyalty programmes, and data analytics. It combines the convenience shoppers expect from cards with the lower cost of account-to-account payments.
But the model depends on one thing: the wallet needs money in it at the moment of purchase. Manual top-ups reintroduce the friction the one-tap experience is meant to remove, and a balance that runs low means a declined payment or a customer reaching for their card, which raises acceptance costs for the merchant.
How it works
Wollette uses Yapily's sweeping Variable Recurring Payments (VRP) capability to fund wallets in the background. During setup, a customer authorises automatic transfers from their own bank account to their Wollette wallet and sets the threshold that triggers them. Whenever the balance falls below that level, funds move across automatically if they're available, with no manual transfer and no repeated authentication.
Because these are sweeping VRPs between the customer's own accounts, the customer sets the limits and can review or revoke the arrangement through their bank instantly at any time. The same experience extends online through Wollette's pay-by-link functionality, giving merchants one consistent way to accept payments in-store and online.
What this enables for merchants and consumers
For consumers, their wallet stays primed to use in one tap, secured with Strong Customer Authentication during the initial setup. For merchants, it means:
Lower acceptance costs: Settling more payments over bank rails rather than cards.
Fewer failed or abandoned payments: The wallet funds ahead of checkout, reducing the friction of manual top-ups or failed payments.
One payment experience: Across the point of sale and online via pay-by-link.
New ways to engage and retain customers: Through the platform's loyalty and data tools.
As Pay by Bank adoption grows across everyday retail, the ability to keep wallets reliably funded will become a key competitive advantage.
A partnership built on shared purpose
Wollette and Yapily share a common goal: making Pay by Bank a practical everyday choice for consumers as well as offering a lower-cost, better-controlled payment option for merchants. Wollette's focus on the retail experience, combined with Yapily's open banking infrastructure, gives merchants a more efficient way to accept payments and gives consumers a wallet that funds itself.
Learn more about Yapily's open banking infrastructure at yapily.com, or visit wollette.com to find out more about Wollette.