NatWest's payment service, Payit, joins forces with Prommt to bring modern payment solutions to businesses.

The collaboration between Prommt and Payit™ by NatWest has integrated NatWest’s award-winning Open Banking payment solution with Prommt’s pay-by-link platform, creating a seamless, faster, and more secure business payment collection method. This partnership enables corporate clients and merchants to offer customers an intuitive, branded digital alternative to manual bank transfers, allowing instant payments directly from bank accounts without sharing sensitive bank or card details [1][2][4].

Key benefits for businesses include:

Instant and secure payments: Payit™ facilitates immediate transfer of funds with instant confirmation, enhancing cash flow predictability and reducing delays typically seen with traditional bank transfers [1][4].
Cost efficiency: Payments bypass card schemes and interchange fees, which makes it especially attractive for high-value transactions, lowering the overall payment processing costs for businesses [1].
Enhanced reconciliation: Merchants receive real-time notifications upon payment success, with the ability to attach payment reference data directly to inbound bank payments. This improves payment reconciliation accuracy and accelerates order fulfillment processes [1].
Improved customer experience: The payment flow is optimized for conversion, fully merchant-branded, and supports both card and open banking payments, making it more convenient and trustworthy for end customers [1][2].

This partnership transforms business payment collection by combining open banking’s speed and security with Prommt’s flexible remote payment platform, enabling more efficient, cost-effective, and user-friendly payment processing [1][3][4].

James Hodgson, chief executive officer of Payit by NatWest, comments that the combined solution with Prommt gives businesses control, visibility, and flexibility over their payment flows, while making it easy for customers to pay. Adam Ball, chief commercial officer of Prommt, states that the partnership with Payit by NatWest delivers significant business impact in the context of Open Banking transformation in the UK [5].

The joint solution has shown real-world impact in the automotive sector, with a leading UK automotive dealership group with 22 locations selecting Payit powered with Prommt to manage payments across car sales, service, and parts, enabling a "drive away today" service, enhanced customer satisfaction, improved operational efficiency, and fraud prevention [6].

The partnership between Prommt and Payit by NatWest represents a future-ready solution for forward-thinking merchants in various sectors, including automotive, hospitality, and retail [7]. Notably, Payit by NatWest allows businesses to receive instant, secure payments directly from customers' bank accounts without sharing sort codes or account numbers [8].

Prommt is an Event Partner of Open Banking Expo UK and Europe 2025, taking place at the Business Design Centre in London on 21-22 October [9]. For further reading, 42% of UK businesses would adopt Open Banking for increased security, according to NatWest [10]. Additionally, Prommt has partnered with Chargebacks911 to help merchants defend against chargebacks [11].

[1] Payit by NatWest and Prommt partner to revolutionize business payment collection - Finextra [2] Payit by NatWest and Prommt partnership brings faster, more secure, and cost-effective payments - Payments Cards and Mobile [3] Payit by NatWest and Prommt partnership combines Open Banking and remote payment platform - Payments Journal [4] Payit by NatWest and Prommt partnership enhances business payment collection - PaymentEye [5] Payit by NatWest and Prommt partnership statement from James Hodgson and Adam Ball - LinkedIn [6] Leading UK automotive dealership group adopts Payit powered with Prommt for streamlined payments - Automotive World [7] Payit by NatWest and Prommt partnership targets automotive, hospitality, and retail sectors - PaymentsSource [8] Payit by NatWest allows instant, secure payments without sharing sensitive bank details - PaymentsCompliance [9] Prommt announced as Event Partner for Open Banking Expo UK and Europe 2025 - Fintech Futures [10] 42% of UK businesses would adopt Open Banking for increased security, according to NatWest - Financial News [11] Prommt partners with Chargebacks911 to help merchants defend against chargebacks - Chargebacks911

NatWest's payment service, Payit, joins forces with Prommt to bring modern payment solutions to businesses.