“60 Days, £60 Million” – UK Auto Retailer Transforms Payments with Prommt’s Pay by Bank
Dublin, Ireland – June 3, 2025
Prommt (www.prommt.com), the Irish-based enterprise payment request platform and an Enterprise Ireland client, today announced a major milestone in Open Banking adoption, with one of the UK’s top pre-owned prestige car supermarkets collecting over £60 million via Pay by Bank – within 60 days of going live.
Live in under a month, the retailer processed £33 million in the first 30 days and £35 million in month two (April 2025). By capping card payments at £500 and dynamically routing larger transactions through Prommt’s Pay by Bank, the merchant unlocked immediate savings and strong customer uptake.
“At Prommt, our mission is to revolutionise the way businesses collect higher value payments—making it faster, smarter, and more cost-efficient, realising a complete digital transformation of the entire payment operation” said Donal McGuinness, CEO of Prommt. “In 2025, Pay by Bank is no longer emerging—it’s exploding. We’re seeing it rapidly become the preferred way to pay for high-value purchases. With over 400 industry leading merchants now live with Pay by Bank and hundreds of millions in payment volume already processed this year, Prommt is leading the next generation of payment innovation.”
Prommt’s platform integrates with all major UK Open Banking rails and the world’s top card processing gateways, allowing merchants to orchestrate payments dynamically—offering the best option (bank or card) for every transaction. With onboarding times as short as 2 to 3 weeks, enterprise clients are realising fast time-to-value.
Success is evident across Prommt’s key sectors:
- Scaling at speed – another major UK motor group with 20 locations has processed nearly £100 million in 2025 using Pay by Bank.
- In hardware retail, one merchant doubled payment volumes after launching web and in-app payments —with internal education fueling seller and customer adoption.
- Prommt recorded a single £259,935 luxury retail transaction via Pay by Bank this February—proof that Open Banking is built for big-ticket.
- Over 100 hospitality merchants are also now using Pay by Bank to collect advance payments and outstanding balances for events and weddings.
With 31 million Open Banking payments made in the UK in March 2025 alone (Source: Open Banking Ltd.), Prommt is at the forefront of this fundamental shift in payments.
About Prommt
Prommt enables businesses to send secure, merchant-branded payment requests via email, SMS, or a shareable link created directly from its web portal. Through its powerful API, Prommt also enables seamless integration of payments into merchant websites and mobile apps, making payments easier for both customers and staff.
Prommt is a secure, smart payment request platform that powers digital payment experiences for enterprise merchants. Supporting both card and Pay by Bank, Prommt is trusted by major brands in automotive, hardware, luxury retail/retail, and hospitality. A client of Enterprise Ireland, Prommt is accelerating payment innovation across Europe and beyond.
Media Contact:
Lorraine Fahy, CMO at Prommt
lorraine.fahy@prommt.com