Atoa allows any UK consumer to pay in-store using their existing UK Bank App.
Atoa leverages the UK Government's Open Banking Network which allows customers to initiate instant bank transfers to merchants without entering their bank account details. Payments are processed by the Consumer's bank and reach the merchant in seconds at a fraction of the cost of card payments. Consumers do not have to download any new apps and no debit or credit cards are involved in the payment.
Atoa is short for "Account-to-Account Payments", the underlying technology which enables each Atoa transaction.
You can find more information about open banking here:https://paywithatoa.co.uk/blog/what-is-open-banking/