LONDON, GB / ACCESS Newswire / March 26, 2025 / Noda, a leading open banking payments provider, is launching a new low-cost payment solution in the UK designed specifically for offline merchants across various industries. With a fixed transaction fee of just £0.20, this new Pay-by-Bank service offers a faster and more affordable way to accept payments compared to traditional card transactions.

Smarter Way to Accept In-Person Payments

Noda's new payment solution is aimed at clients operating primarily offline, including:

• Beauty businesses (salons, barbershops)

• Independent tradespeople (electricians, plumbers, repair services)

• Currency exchange and money transfer services

• Automotive repair shops

• Cafés and restaurants

• Other in-person retail

By eliminating card networks and reducing transaction fees to just £0.20 per payment, Noda helps small businesses and sole traders keep more of their revenue while improving payment efficiency.

How It Works

Noda's QR solution enables merchants to generate custom QR codes for instant bank transfers, offering multiple payment scenarios:

• Dynamic QR codes - customers manually enter the amount before paying.

• Fixed-amount QR codes - pre-set payment amounts (e.g., £10, £20, £50).

• Merchant-controlled QR codes - the business sets the amount before generating the code.

Merchants can easily use QR codes for offline transactions and payment link distribution via popular messengers. The real-time reporting system ensures all transactions are instantly visible, making accounting and reconciliation effortless.

Simple Onboarding Process

Merchants can get started with Noda QR in just a few steps:

1. Meet with a Noda representative for a product demo.

2. Sign up by filling out a Merchant Application Form (MAF) and signing an agreement. Merchant details are processed within one business day.

3. Access the Noda QR dashboard to start accepting instant payments.

"Our goal is to bring frictionless payments to the UK offline businesses. Many small merchants are still burdened by high card fees, and our new QR-based solution gives them a simple, secure, and low-cost alternative to accept payments instantly," said Valerijs Sicovs, Chief Business Development Officer at Noda.

About Noda

Noda is a global open banking platform providing fast, secure, and cost-efficient payment solutions. With over 3,000 integrated banks in 28 countries, Noda is committed to transforming payments for businesses of all sizes.

SOURCE: Noda