As financial compliance and payment efficiency become critical levers for enterprise growth, Katanox has joined the latest cohort of companies authorized under the UK's PSD2 regime by the Financial Conduct Authority (FCA). Its direct bank payment model is tailored for the hospitality sector, introducing a new level of trust for automated settlement at check-in.
Why Katanox’s UK PSD2 Approval Matters
✅ Regulatory Authorization – PSD2 licensing allows Katanox to legally connect to consumer bank accounts and initiate payments.
🔄 Direct Settlement Capability – Upon check-in, hotels can collect payments directly from a guest’s bank account—no credit card required.
🛏️ Reduced Payment Failure and Chargebacks – Direct debits boast high success rates and simplify reconciliation, offering stronger reliability for hotel operators.
According to industry data, traditional virtual cards used at check-in can fail 20–30% of the time. On top of that, manual reconciliation often takes 30+ hours per week. Katanox addresses these inefficiencies with a compliant, automated payment model built for modern hotels.
Virtual Cards vs Direct Bank Payments: A Full Picture for Hospitality
While direct bank payments significantly improve check-in transactions, they still fall short in areas like global reach and programmable compliance.
| Category | Katanox Bank Pay | Virtual Cards |
| Check-in Payments | High success rate, no card info shared | Supports fallback card use if needed |
| Geographic Coverage | Limited to FBO / IBAN countries | Global reach via multi-currency & USDT top-ups |
| Compliance | Strong PSD2 compliance | PCI-DSS & AML ready, business risk controls |
| Risk Control | Managed at bank level | Real-time limits, merchant locks, auto freeze |
| Use Cases | Ideal for lodging transactions | Suitable for travel, SaaS, marketing, procurement |
Buvei’s virtual card infrastructure empowers hospitality teams across platforms—from OTA bookings and emergency payments to departmental spend control. Each card can be tailored to fit specific team or vendor needs.
Why Buvei Is the Smart Alternative
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Multi-currency & Multi-chain Support: Recharge with USDT (TRC20/ERC20) to streamline international spend.
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Programmable Spend Rules: Define limits, merchant restrictions, expiry timelines, and more.
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API Integration: Sync spending data with ERP, accounting, and reporting tools for total financial clarity.
Final Thoughts
Katanox’s PSD2 license is a leap forward for direct bank settlements in the hotel sector. However, for complex use cases like international group payments, SaaS subscriptions, or decentralized team spend, Buvei virtual cards deliver unmatched flexibility, control, and global usability.
🔗 Want to see how Buvei’s virtual card platform can streamline payments and enforce compliance across departments? Visit the official Buvei site to learn more.
