This integration delivers a faster, more secure, and cost-effective way for businesses to collect payments, combining Payit instant, card-free bank transfers with Prommt smart payment orchestration.
NatWest’s Payit has partnered with Prommt, a leading pay-by-link platform, to enhance open banking payment capabilities for enterprise clients.
Through this partnership, merchants can offer their customers a seamless, branded payment experience, whether paying by bank or card, with immediate fund confirmation, reduced fraud, and streamlined reconciliation. The solution’s flexibility allows businesses to dynamically route payments based on transaction value, improving operational efficiency and boosting conversion rates across sectors such as automotive, retail, and hospitality.
Payit is an award-winning open banking solution from NatWest that enables instant payments via secure, single-use payment links, without the need for sharing bank or card details. Since it avoids card networks, the solution reduces additional fees, making it especially suitable for high-value transactions. Both merchants and customers receive immediate payment confirmations, with reference details attached to help merchants quickly reconcile payments and fulfill orders.
Meanwhile, Prommt acts as a smart payment manager, allowing merchants to set rules that automatically choose between Payit (bank payments) or Tyl by NatWest (card payments) depending on the transaction amount. This intelligent system is the first to combine these two solutions, ensuring a smooth customer experience while lowering costs and simplifying operations for businesses.
Together, Payit and Prommt aim to improve how businesses collect payments by making the process faster, more secure, and more cost-effective. Thus, their corporate clients and merchants can now provide customers with an easy digital alternative to traditional bank transfers. End customers, in turn, can pay by card or bank in a user-friendly, branded environment that encourages more successful transactions.
The joint solution offers a variety of features, including a secure web portal for sending branded payment requests via SMS, email, or link. It also supports scheduled, group, recurring, and automatic payments. The platform can be integrated easily through Prommt’s API into websites, mobile apps, and ERP systems. Payments are secured by bank authentication, reducing fraud, chargebacks, and manual errors.
