How PENG works

PENG uses pioneering and proven open banking technology to enable payment requests. Choose a subscription that’s right for your business or lifestyle, and begin managing your payments safely and efficiently. Generate QR codes for your suppliers or apply our bulk debt collection feature.

Why trust us

PENG applies the power of open banking to provide its customers with transformative and sustainable payment practises, that reduce transaction fees, safeguards data and promotes financial literacy and access.

As of February 2022, PENG’s technology has processed volumes in excess of £2.5b – without a single transaction issue. 

Transparent subscription options

Send Pay Requests to the value of £35k in our PRO option

Ease of use

Your customers DO NOT NEED the PENG app to pay you

Online support

Our team of small business technologists is available 24/7 to help you.


Ecospend is authorised and regulated by the UK FCA under the Payment Services Regulations 2017. 


PENG applies bank-grade security to each transaction

Small Businesses

Request Money

Simply by showing a link or QR code

Aspiring Entrepreneurs

Receive Money

Directly into your bank account.

Banks we work with

Please check to see whether your bank supports fixed-recurring payments (FRP) and select the option.
This updates regularly, so please bookmark this page.

It takes 2 minutes and you are set up

Download the App

Sign up in the app and verify your details

Send your pay requests

Download the App

Available on both IOS and Android.