A2A paytech Vyne set to wind down UK operations
Vyne, a London-based account-to-account (A2A) payments platform, is winding down its UK operations.
![Vyne - fintech news](https://www.fintechfutures.com/files/2025/01/R7wNzf4i_400x400.jpg)
Vyne will cease all UK operations on 22 April 2025
Founded in 2019, Vyne provides a suite of payment services, including real-time payments, instant refunds, no-code payment links, verified payouts, and a pay-by-bank option.
A company post on its website reads: “As part of a broader global strategy adopted by our new shareholders, we have made the decision to wind down operations at Vyne in the UK effective 22nd April 2025.
“This decision reflects the Board’s strategic plan to focus on markets where Vyne’s technology can drive the most impact and growth, globally.
“While the UK market is not part of these current plans, this marks a significant opportunity and exciting chapter for Vyne’s proven technology to be leveraged in other key jurisdictions.”
The company adds that it remains “fully committed to providing uninterrupted service” to all its UK merchants and partners until 22 April 2025, when it will cease all UK operations.
FinTech Futures has reached out to Vyne for comment on the matter.
The announcement comes after Vyne was acquired in September by Dubai-headquartered fintech Tarabut, an open banking platform serving the MENA region, for an undisclosed amount.
At the time, Tarabut revealed plans to integrate Vyne’s platform into its existing technology stack with the aim to bring “A2A payment capabilities to the Middle East”, starting with a rollout in Bahrain, followed by Saudi Arabia and the UAE.