Our mission is to transition UK retail payments from legacy card networks to modern, efficient bank-to-bank technology.

Around 3% of retailers’ revenues is currently wasted

on card payment processing fees!

Around 1.5% of retailers’ revenues is currently wasted on card payment processing fees!

Underpay leverages Open Banking to process online payments, reducing the cost by 10x.

We use this cost-saving to finance the most inclusive purchase rewards programme on the market, giving debit card payers a unique opportunity to earn credit card-style points on their purchases.

We sympathise deeply with people who are underserved by the traditional credit system. Unlike the debt-fuelled reward schemes of credit card companies, Underpay is open to anyone with a UK bank account.

Underpay leverages Open Banking to process online payments, reducing the cost by 10x.

We use this cost-saving to finance the most inclusive purchase rewards programme on the market, giving debit card payers a unique opportunity to earn credit card-style points on their purchases.

We sympathise deeply with people who are underserved by the traditional credit system.

Unlike the debt-fuelled reward schemes of credit card companies, Underpay is open to anyone with a UK bank account.

Our points programme is designed to bring incremental sales to participating retailers, turning fees currently wasted on inefficient card processing into an added marketing budget that works to grow the top line.

Our points programme is designed to bring incremental sales to participating retailers, turning fees currently wasted on inefficient card processing into an added marketing budget.

By transitioning to bank-to-bank with Underpay, inefficiencies are removed, commercial activity expands and everybody wins!

Read our manifesto

Who we are

The company we want to build

Melanie Asor

Founder & Co-CEO

Dima Tarasenko

Founder & Co-CEO

We are contrarian and we embrace it

We embrace just how different the world will look if we succeed, and work tirelessly to make that happen because the world will be a better place for it.

We single-mindedly pursue our mission

We know our customer well and focus solely and exclusively on giving them a better payment option, actively ignoring other opportunities.

We win by being creative

We are a pirate ship pitted against the imperial flotilla of established payment methods - if we don’t do things differently, we might as well sail home.

Honest people win

We work hard to earn and maintain the trust of all of our stakeholders - our users, the stores we work with, colleagues, partners, regulators.

Have fun doing the work

We love building. From engineering a reliable payment flow to picking the colour of a button. We look for like-minded people who enjoy their craft.

Talented people are our superpower

Our culture is open and collaborative. We aim to give you all the context and tools, and empower you with autonomy to do your best work.

Sound like a good fit?

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Underpay Ltd, 13903817, is not authorised or regulated by the Financial Conduct Authority to provide payment services. All payments made via Underpay are powered by Yapily Connect Limited. Yapily Connect Limited is authorised and regulated by the UK Financial Conduct Authority under the Payment Services Regulations 2017 (Firm Reference 827001).

Points are issued as part of the Underpay Loyalty Scheme. Please read our Terms & Conditions for details. Your personal information is processed in accordance with our Privacy Policy.