Head of Merchant Support, Lopay

Lopay is one of the payments apps looking to break into the scene, but it faces stiff competition from heavyweights like Zettle, Sumup, and PayPal. Having launched in late 2021, the real challenge will be to assert itself as a distinctive market entrant. To do so, its marketing itself as a merchant-friendly alternative, undercutting competitors’ transaction fees for customers who can afford to postpone payments access by a few days.

Core to Lopay’s offering is flexibility and control – merchants set their payout schedule and they can switch between schedules at any time. As well as this, a real edge Lopay are offering is a sliding transaction fee scale, which does offer a highly competitive 0.79% for weekly access. It remains to be seen how successful Lopay can become in a crowded market.