Global: Lloyds and Lolly Launch Self-Service Kiosks with Pay by Bank Technology

Lloyds Bank has partnered with hospitality technology provider Lolly to introduce a Pay by Bank feature for self-service kiosks — a move designed to streamline payments and enhance customer convenience.

The new system enables direct, secure bank-to-bank transactions without the need for debit or credit cards. Customers simply select “Pay by Bank” at checkout, scan a QR code displayed on the kiosk, and complete the payment through their mobile banking app.

According to Lolly, funds are instantly transferred to the retailer’s account, offering real-time settlements, lower processing costs, and a faster checkout experience for customers.

Mark Prayel, Product and Platform Embedded Payments Lead at Lloyds, shared his enthusiasm about the innovation:

“We’ve had a lot of fun trialling Pay by Bank in our own head office cafeteria with colleagues, and we’re looking forward to seeing how this innovation evolves across the wider hospitality and retail space.”

The partnership marks a step forward in embedded payment technology, showcasing how banks and fintech providers are collaborating to make everyday transactions faster, more secure, and cost-efficient.