Pay by bank—or account-to-account (A2A) payments—presents a strong alternative to card payments, offering speed, low transaction costs, and security. But a gap between awareness, trial, and habitual use is limiting pay by bank’s near-term adoption in the US. This report dives into the most promising use cases and how payment providers can encourage growth.

Key Question: What is pay by bank, and what are the key areas of growth for the payment method?

Key Stat: Only 1.5% of all consumer transactions in the US were made via pay by bank in the 12 months ended June 2025, per a PYMNTS and Trustly survey, though Gen Z had the highest rate of usage at 2.5%.