Prommt, NatWest’s Payit partner for faster, secure payments

By Vriti Gothi

Prommt, has partnered with Payit™ by NatWest, an Open Banking solution that enables instant, secure payments without bank or card details. The collaboration unites NatWest’s trusted Open Banking and card payment capabilities with Prommt’s smart payment orchestration, creating a faster, more secure, and cost-effective way for businesses to collect payments.

The integration enables corporate clients and merchants to offer a seamless, branded digital alternative to manual bank transfers. Payit™ provides instant bank-to-bank payments with immediate confirmation of funds, while Prommt delivers real-time notifications and automates reconciliation, allowing businesses to fulfil orders more quickly. By dynamically presenting Payit™ (Pay by Bank) or Tyl by NatWest (card payment) based on transaction value, the partnership offers an intelligent approach that optimises the payment journey and reduces operational costs.

Already making an impact in the automotive sector, a leading UK dealership group with 22 locations has adopted the joint solution to manage payments across sales, service, and parts, enabling “drive away today” services and enhancing fraud prevention.

Adam Ball, CCO of Prommt, said, “Open banking is transforming payments in the UK, and this partnership with Payit™ by NatWest delivers significant business impact. This combined solution gives businesses control, visibility, and flexibility over their payment flows while making it effortless for customers to pay.”

James Hodgson, CEO of Payit™ by NatWest, commented: “Our partnership with Prommt combines the strength of open banking with Prommt’s platform to give merchants more control, more efficiency, and a better customer experience. It’s a powerful solution for businesses looking to modernise their payment journeys.”

As adoption of Open Banking accelerates, Payit™, powered with Prommt, is poised to redefine high-value commerce across automotive, hospitality, retail, and beyond.