Access PaySuite has agreed to acquire the Open Banking infrastructure of UK payments platform Ordo, strengthening its account-to-account payment capabilities and expanding its position within the UK’s rapidly growing Open Banking ecosystem.
The acquisition gives Access PaySuite ownership of its core Open Banking technology, complementing its existing card and Direct Debit services and creating a broader payment acceptance platform across multiple payment rails.
The deal comes as Open Banking adoption continues to accelerate across the UK, with account-to-account payments increasingly becoming a mainstream alternative to traditional payment methods.
Expanding Open Banking capabilities
By bringing Ordo’s infrastructure in-house, Access PaySuite gains greater control over payment initiation services while positioning itself to support the next generation of Open Banking use cases.
The company says the acquisition will allow it to integrate payment functionality more deeply across its software ecosystem and accelerate the development of new Open Banking-powered services.
In addition to payment initiation, the platform will be able to leverage real-time financial account data to support more advanced financial workflows and customer experiences.
Beyond payments
Access PaySuite believes Open Banking is evolving beyond simple account-to-account transactions into a broader financial infrastructure layer.
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The company sees opportunities to use Open Banking data to improve affordability assessments, collections processes, customer onboarding, and financial decision-making.
Potential applications include:
- Real-time account verification
- Improved affordability checks
- Personalized repayment plans
- Earlier identification of financial hardship
- Enhanced customer engagement
By combining payments and financial data, Access PaySuite aims to help businesses make more informed decisions while improving customer outcomes.
Variable Recurring Payments gain momentum
The acquisition also strengthens Access PaySuite’s ability to support Variable Recurring Payments (VRPs), an emerging Open Banking payment model designed to provide a more flexible alternative to traditional Direct Debit arrangements.
VRPs allow customers greater control over recurring payment permissions while enabling businesses to collect payments in real time.
Industry participants increasingly view VRPs as one of the next major growth areas within Open Banking, particularly across subscriptions, utilities, lending, and recurring billing services.
Regulatory expansion underway
As part of its long-term strategy, Access PaySuite is also pursuing UK Financial Conduct Authority authorization for both Payment Initiation Services (PIS) and Account Information Services (AIS).
These permissions would allow the company to directly provide regulated Open Banking services while further strengthening its position within the UK payments market.
The acquisition reflects Access PaySuite’s broader ambition to combine payments, financial data, and automation into a more integrated financial services platform.
About Access PaySuite
Access PaySuite is a UK payments technology provider offering card payments, Direct Debit collections, Open Banking services, recurring billing, and financial management solutions. As part of The Access Group, the company supports businesses through integrated payment and software infrastructure.
