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
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
Simply by showing a link or QR code
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