Prommt hits 3 million payment requests in Europe; eyes US expansion

By Gloria Methri

Irish payment request platform Prommt has announced a significant increase in customer adoption with 3 million payment requests sent to customers across many industry sectors in Europe over the Christmas period.

The success has spurred expansion in other markets and the company is now set to build on its existing customer footprint in North America.

Prommt is a PayTech solution aiming to revolutionise the way enterprises request, collect and report remote customer transactions. It provides businesses with the flexibility to request payments via SMS, WhatsApp, e-mail, Chat (and more) and have them paid via card or directly from the customer’s bank.

Prommt recently launched ‘Pay by Bank’, its Open Banking payments initiation capability via its partner Token. Within six months of launch, over 20% of customers have adopted open banking payments as part of the payments mixes alongside and complementary to cards.

For billers and merchants, Pay by Bank offers significant savings on processing costs and is set to transform cumbersome bank transfers with a slick customer experience that delivers instant account payments.

Commenting on their recent milestone, Donal McGuinness, CEO, of Prommt said, “The company has seen some major achievements over the past 12 months and we are excited for what is in store for 2023. With recruitment and expansion on the horizon, even in uncertain times globally, demand for new FinTech and digital payment solutions continues to rise. I believe we will see a continued shift to open banking payments in 2023 with significant growth continuing year on year.”

In 2023, Prommt is set to grow its existing US customer base and push further into hospitality, sports services, retail, and building material suppliers across North America. Expansion of the team is also on the cards with a recruitment drive in sales, marketing, and product development.