In an era of rapid digital transformation, the payment landscape demands innovation that is fast, secure, and cost-efficient. Enter Pay by Bank, a revolutionary payment method that bypasses traditional card networks, offering secure, real-time, and direct bank-to-bank transactions. This white paper explores how Pay by Bank leverages open banking to reduce transaction fees, mitigate fraud, and enhance financial control for businesses and consumers alike. Discover the global adoption trends, technological advancements, and regulatory frameworks propelling this model forward.