back Back

Tyl by NatWest teams up with Pennies to support UK charities

By Megha Bhattacharya

December 21, 2020

  • Tyl By Natwest
  • UK
Share

Tyl by NatWest has teamed up with UK-based FinTech charity Pennies. The collaboration will grants a proportion of profit to charities, meaning that Tyl customers can benefit causes offering support to UK communities by choosing to adopt Tyl as their payment partner.

The companies stated that Macmillan Cancer Support, The Prince’s Trust and Hospice UK are the first three charities to benefit from this initiative. These charities have received grants worth more than £10,000 each.

Mike Elliff, CEO, Tyl said, “Empowering small businesses to support local communities is a core aspect of our purpose at Tyl. Through our partnership with Pennies, we are proud to contribute to grants for Macmillan Cancer Support, The Prince’s Trust and Hospice UK, who each deliver vital support to communities across the UK. Being able to provide this funding in-part through our platform is a great example of the added value that the fintech and payments sectors can bring to society. We hope to continue to play a key role in helping to protect income for charitable causes as the country rebuilds for the future.”

Tyl also said that it will be donating a small proportion of profit to Pennies, to help the charity develop the digital micro-donation movement in the UK. Tyl is also planning a wider programme of charitable initiatives, known collectively as ‘Give Back’, which will offer support for good causes operating in local communities across the country.

Tyl by NatWest aims to make it easier for small business customers across the country to receive payments in-store, online and over the phone. It offers next-day settlement for users, helping businesses to manage cash flow during covid-19 and beyond.

Alison Hutchinson CBE, CEO, Pennies said, “Pennies is delighted to partner with Tyl on their innovative Give Back initiative. It has never been more important for businesses to have true social purpose, and Tyl have shown inspiring commitment to charities and local communities by building this into their model from day one.

“We are pleased to have helped Tyl by granting over £30,000 to three fantastic charities so far and are grateful to Tyl for their support for Pennies’ own charitable purpose: growing more income for UK charities with micro-donations. We look forward to working with Tyl on future elements of Give Back to make an even greater impact.”

Previous Article

December 21, 2020

Central Bank of India launches ‘RuPay Select’ Contactless Debit Card

Read More
Next Article

December 21, 2020

Ghana’s Zeepay raises $940 000 in seed capital led by GOODsoil VC

Read More






IBSi Daily News Analysis

June 13, 2024

Tyl By Natwest

Are payroll and financial statement fraud dual challenges facing UK SMEs?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Flexys partners with Acquired.com for debt collection

Read More

June 12, 2024

Ozone API & Tuum team to accelerate open banking worldwide

Read More

June 05, 2024

emerchantpay & TrueLayer partner for payments by bank transfer

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023