Zilch, a consumer payments platform, is enhancing its customer experience by integrating with Plaid to incorporate open banking into its repayment system, allowing over five million customers to manage payments more easily and affordably. This partnership introduces the Pay by Bank feature, which facilitates one-off repayments directly from users' bank accounts, reducing processing fees and offering greater flexibility and control compared to traditional card payments. By utilizing Plaid's Virtual Account capabilities, Zilch aims to streamline payment operations, improve settlement tracking, and simplify reconciliation processes. This collaboration is part of a broader vision to provide a seamless, cost-efficient, and transparent payment experience, with Plaid's extensive network and expertise supporting Zilch's efforts to deliver smarter, more affordable payment solutions across Europe.