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The PAY360 Awards Celebrate Another Year of Leading UK Payment Innovation

Winners of The Payments Association‘s 15th annual PAY360 Awards have been announced.

Formerly known as the Emerging Payments Awards (EPA Awards), the ceremony, which this year was held at London’s JW Marriot Grosvenor House Hotel, seeks to celebrate the figures, ideas and companies that are transforming the payments industry at incredible speed.

Attended by more than 850 of the most senior executives from across the payments value chain, the winners from last night’s ceremony have now been announced.

While this year’s PAY360 awards received a large volume of submissions, from over 30 countries, the winners were those who best reflected the high level of innovation that’s sweeping across today’s payments sector.

The 106 finalists represented the highest calibre of the payments industry, working in areas of financial inclusion, open banking and mobile payments.

As one of the world’s top destinations for fintech innovation, which was confirmed by the scale of last night’s ceremony, the UK certainly has a lot to celebrate. The country’s fintech sector is comprised of over 1600 firms, a figure that is expected to double by 2030.

The sector is thought to contribute an estimated £11billion ($13.4billion) to the national economy while supporting over 76,000 jobs.

In this light, the PAY360 Awards recognise those that have broken barriers and revolutionised how transactions are made. For this reason, the awards are considered to be the most highly regarded in the payments industry; bringing together experts and market disruptors from all over the country.

Tony Craddock, director general of The Payments Association
Tony Craddock, director general, The Payments Association

Speaking on the 15th year of the awards, the first awards ceremony to be held under its new name, Tony Craddock, director general of The Payments Association, describes feeling “overwhelmed by the enthusiasm and passion every company continues to bring to the PAY360 Awards.”

Craddock goes on to explain that since its inception, and particularly over the course of the past year, the payments industry has grown significantly and become increasingly saturated in competition; an element he says is reflected in the event’s new name.

“Awards that give a comprehensive 360° view of the payments industry,” he says.

“This year’s winners demonstrate the rich talent across the whole payments community,” continues Craddock. “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 includes:
  • Best International Payments, Remittance or use of FX: Vitesse (winners) and Banking Circle (silver winners)
  • Best Financial Inclusion Payments Programme: Paycode (winners)
  • Best Consumer Payments Programme: BPC (winners)
  • Best B2B Payments Programme: Cora (winners) and Nium (silver winners)
  • Best Open Banking Initiative: Yapily and Comma (winners) and Payit by NatWest (silver winners)
  • Best B2B/B2C Banking Initiative: Toqio and Crealsa (winners)
  • Best Partnership Initiative: Asperato and GoCardless (winners) and Tink and 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) and Curve (silver winners)
  • Most Innovative Merchant Services Solution: YouLend (winners) and DigitalFlyer (silver winners)
  • Best Financial Crime Prevention Solutio: SEON (winners) and Featurespace (silver winners)
  • Business Reg Tech Project: China Banking Corporation – Easy Tax (winners)
  • Best Customer-Facing Experience: YouLend revenue-based finance solution (winners) and Vyne (silver winners)
  • Leading Financial Services or Payments Start-Up: FinScore (winners) and StarLiX (silver winners)
  • Best Use of Crypto and/or Blockchain in Financial Services: Nexo (winners) and Arf (silver winners)
  • Best Direct Account to Account Solution: Payit by NatWest (winners) and Vyne (silver winners)
  • Best Lending Initiative: SteadyPay (winners) and DivideBuy (silver winners)
  • Best ESG Initiative in Payments: Trust Payments (winners)
  • Leading Emerging Payments Organisation: Weavr (winners) and Marqeta (silver winners)
  • Best Demonstration of UK Companies Exporting Financial Services: Capital on Tap (winners) and Codat (silver winners)
  • Industry Contributor of the Year: Pavle Ljujic, director and founder of Pannovate


  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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