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Head-to-head · Open Banking Payment Platforms

TrueLayer Payments vs Yapily Data

  • Updated Oct 2026
  • Both researched from official sources
  • 3 checks side by side
Higher score TrueLayer Payments #3 in Open Banking Payment Platforms 8.5/10 Pricing on request ✓ 2 of 2 features Visit TrueLayer
Yapily Data #6 in Open Banking Payment Platforms 7.8/10 Pricing on request ✓ 0 of 2 features Visit Yapily

TrueLayer Payments leads on 0 checks, Yapily Data on 0, and 3 are even. Who comes out ahead on the 3 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreTrueLayer Payments · 8.5/10
  • Most featuresTrueLayer Payments · 2 of 2

TrueLayer Payments scores higher on our rubric for open banking payment platforms: 8.5 against 7.8 out of 10; our editors rank them #3 and #6.

TrueLayer Payments is the better fit for businesses needing mobile-ready bank payments. Yapily Data is the better fit for API users needing normalized financial data.

  • TrueLayer Payments fits best

    Businesses needing mobile-ready bank payments

  • Yapily Data fits best

    API users needing normalized financial data

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Side by side

Feature TrueLayer Payments 8.5/10 Visit ↗ Yapily Data 7.8/10 Visit ↗
At a glance
Editor score 8.5 7.8
Ranking #3 in Open Banking Payment Platforms #6 in Open Banking Payment Platforms
Best for Businesses needing mobile-ready bank payments API users needing normalized financial data
Pricing model Paid Paid
Starting price Pricing on request Pricing on request
Free plan — Not checked yet
Free trial — —
Deployment Cloud, Mobile Cloud
Support Docs Email, Tickets, Docs
Compliance SOC 2, ISO 27001, GDPR ISO 27001
Built for Enterprise Small business, Mid-market, Enterprise
Features TrueLayer Payments 2/2 · Yapily Data 0/2
Payment webhooks ✓ (best) Not checked yet
Refunds ✓ (best) Not checked yet
Specs
Supported countries Not checked yet Not checked yet
Bank authentication Both Not checked yet
Payment frequency Both Not checked yet
Settlement speed Not checked yet Not checked yet
Our review
Pros
  • Supports pay-ins, payouts, recurring payments, refunds and reporting
  • Offers hosted, embedded, web, mobile SDK and direct API flows
  • Shopify and Magento integrations extend commerce coverage
  • Aggregates accounts, balances, transactions and identity data
  • Normalizes financial data across different banks
  • Supports real-time access and multiple business entities
Cons
  • Production access requires a registered business and commercial agreement
  • Pricing is based on volume and use case rather than a published plan
  • Focused on UK and EU bank-payment workflows
  • Pricing is tailored and requires contacting Yapily's team
  • Its focus is financial data access rather than payment initiation
  • Implementation requires consent and bank-authorisation flows
Our verdict

TrueLayer Payments is an open banking payment platform for registered businesses that need to accept and send bank payments. Its Payments API covers one-off pay-ins, single payments to external bank accounts, variable recurring payments…

Read the review →

Yapily Data is an open banking API for businesses that need consented financial information from banks across the UK and Europe. It provides one integration for account details, balances, transactions, identity information, direct debits,…

Read the review →
  1. TrueLayer PaymentsOpen Banking Payment Platforms 8.5Pricing on request
  2. Yapily DataOpen Banking Payment Platforms 7.8Pricing on request

Strengths and trade-offs

  • TrueLayer Payments — where it wins

    • Supports pay-ins, payouts, recurring payments, refunds and reporting
    • Offers hosted, embedded, web, mobile SDK and direct API flows
    • Shopify and Magento integrations extend commerce coverage

    Where it doesn't

    • Production access requires a registered business and commercial agreement
    • Pricing is based on volume and use case rather than a published plan
    • Focused on UK and EU bank-payment workflows

  • Yapily Data — where it wins

    • Aggregates accounts, balances, transactions and identity data
    • Normalizes financial data across different banks
    • Supports real-time access and multiple business entities

    Where it doesn't

    • Pricing is tailored and requires contacting Yapily's team
    • Its focus is financial data access rather than payment initiation
    • Implementation requires consent and bank-authorisation flows
  • TrueLayer Payments8.5/10 · Pricing on request

    A mobile-ready open banking platform for pay-ins, payouts and recurring payments.

    Visit TrueLayerFull verdict →
  • Yapily Data7.8/10 · Pricing on request

    A focused API for normalized, consented financial data across UK and European banks.

    Visit YapilyFull verdict →

More comparisons

All open banking payment platforms comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update