Commercial feature from Prommt
Recent partnership enhances open banking payment capabilities and brings NatWest’s open banking (Payit™) and card payment solutions (Tyl) to the enterprise market
London, twelfth August, 2025 — Prommt, the premium pay-by-link platform for distant payments, has announced a partnership with Payit™ by NatWest. Payit™ is an award-winning Open Banking solution from NatWest enabling a method to send and receive payments immediately without the necessity for bank or card details. Together, the businesses are revolutionising how businesses collect payments, making the method faster, safer and more economical.
Through this powerful integration, corporate clients and merchants can now offer their customers a seamless digital alternative to manual bank transfers. Whether paying by card or bank, the experience is intuitive, merchant-branded and optimised for conversion.
Payit™ from NatWest allows businesses to receive easy, secure payments directly from customers’ bank accounts — without having to share sort codes or account numbers. There are not any card schemes or interchange fees, making it particularly attractive for high-value transactions.
Immediate confirmation of funds
Payit™ enables immediate payments and easy confirmation of funds. Prommt delivers real time notifications to all parties to verify payment success. The merchant’s payment reference data may be attached to the inbound Bank Payment making it much easier to reconcile enabling quick fulfilment.
Smart payment orchestration
Prommt acts as a wise orchestration layer, enabling merchants to set transaction rules that dynamically present Payit™ (Pay By Bank) or Tyl by NatWest (card payment) based on the worth of the transaction. That is the primary time these two solutions have been combined and offers an intelligent approach that ensures a smooth payment experience for patrons while helping businesses reduce costs and streamline operations.
Real-world impact in automotive sector
The partnership has already made a powerful impact out there. A number one UK automotive dealership group with 22 locations has chosen Payit™ powered with Prommt to administer payments across automobile sales, service, and parts. With immediate confirmation of funds, dealers can now offer a “drive away today” service, enhancing customer satisfaction while improving operational efficiency and fraud prevention.
Driving payment innovation within the UK
This partnership underscores NatWest’s continued leadership in payments innovation and Prommt’s role as a market leader in orchestrating card and open banking payments for high-value commerce.
“Open banking is transforming payments within the UK, and this partnership with Payit™ by NatWest delivers significant business impact,” said Adam Ball, CCO of Prommt. “This combined solution gives businesses control, visibility, and adaptability over their payment flows — while making it effortless for patrons to pay.”
As open banking adoption continues to speed up, Payit™ powered with Prommt represents a future-ready solution for forward-thinking merchants in automotive, hospitality, retail, and beyond.
James Hodgson, CEO of Payit™ by NatWest comments:
“Our partnership with Prommt combines the strength of open banking with Prommt’s platform to provide merchants more control, more efficiency, and a greater customer experience. It’s a strong solution for businesses trying to modernise their payment journeys.”
About Prommt
Prommt is a premium advanced payment request platform utilized by tons of of leading brands to rework distant payment experiences. Designed for high-value and high-trust payments, Prommt helps businesses reduce fraud, eliminate chargebacks, and streamline payment operations.
About Payit™ by NatWest
Payit™ by NatWest is a multi-award winning payment solution, here to assist businesses and customers profit from the following generation of payments.
Using Open Banking technology, Payit™ by NatWest offers a brand new way for businesses to gather and send payments online and in person, removing the necessity for sharing and storing card details. www.payitbynatwest.com
Media Contacts:
Lorraine Fahy, CMO at Prommt
lorraine.fahy@prommt.com
Stephanie Melrose, NatWest press office
stephanie.melrose@natwest.com
07966 212 576
This Article First Appeared At www.am-online.com
