Which open banking provider is best for payments?
Summary
For pay-by-bank and payment initiation, compare providers by region: TrueLayer and GoCardless are strong in UK/EU; Plaid and others offer payment features in the US and elsewhere.
Direct answer
For payment initiation (pay-by-bank, instant bank-to-bank): TrueLayer and GoCardless are often chosen in the UK and Europe; Tink and Yapily also offer strong PIS coverage in the EU. In the US, Plaid and other aggregators offer account-to-account or transfer-style products. 'Best' depends on your target country, bank coverage, and whether you need one-off payments, recurring payments, or payouts.
The Open Banking Tracker API aggregators directory lets you filter by PIS (payment initiation) support and by country so you can compare providers for your payments use case.