Payit™ by NatWest partners with Prommt
New partnership enhances open banking payment capabilities and brings NatWest’s open banking (Payit™) and card payment solutions (Tyl) to the enterprise market
London, 12th August, 2025 — Prommt (www.prommt.com), the premium pay-by-link platform for remote payments, has announced a partnership with Payit™ by NatWest. Payit™ is an award-winning Open Banking solution from NatWest enabling a way to send and receive payments instantly without the need for bank or card details. Together, the companies are revolutionising how businesses collect payments, making the process faster, more secure and more cost effective.
Through this powerful integration, corporate clients and merchants can now offer their customers a seamless digital alternative to manual bank transfers. Whether paying by card or bank, the experience is intuitive, merchant-branded and optimised for conversion.
Payit™ from NatWest allows businesses to receive instant, secure payments directly from customers’ bank accounts — with no need to share sort codes or account numbers. There are no card schemes or interchange fees, making it particularly attractive for high-value transactions.
Immediate confirmation of funds
Payit™ enables immediate payments and instant confirmation of funds. Prommt delivers real time notifications to all parties to confirm payment success. The merchant’s payment reference data can be attached to the inbound Bank Payment making it much easier to reconcile enabling quick fulfilment.
Smart payment orchestration
Prommt acts as a smart orchestration layer, enabling merchants to set transaction rules that dynamically present Payit™ (Pay By Bank) or Tyl by NatWest (card payment) based on the value of the transaction. This is the first time these two solutions have been combined and offers an intelligent approach that ensures a smooth payment experience for customers while helping businesses reduce costs and streamline operations.
Secure, seamless, powerful
The joint solution offers a rich set of features, including:
- A powerful web portal for sending branded payment requests via SMS, email, or link packed with additional features such as scheduled send, group send, recurring payments, autocharge and more.
- Available via the Prommt API for easy integration into web checkouts, mobile apps, and ERP systems.
- A familiar digital journey via customers’ banking apps.
- Enhanced security with bank-authenticated payments and confirmation of payee.
- Significant reduction in fraud, chargebacks, and manual errors.
Real-world impact in automotive sector
The partnership has already made a strong impact in the market. A leading UK automotive dealership group with 22 locations has selected Payit™ powered with Prommt to manage payments across car sales, service, and parts. With immediate confirmation of funds, dealers can now offer a “drive away today” service, enhancing customer satisfaction while improving operational efficiency and fraud prevention.
Driving payment innovation in the UK
This partnership underscores NatWest’s continued leadership in payments innovation and Prommt’s role as a market leader in orchestrating card and open banking payments for high-value commerce.
“Open banking is transforming payments in the UK, and this partnership with Payit™ by NatWest delivers significant business impact,” said Adam Ball, CCO of Prommt. “This combined solution gives businesses control, visibility, and flexibility over their payment flows — while making it effortless for customers to pay.”
As open banking adoption continues to accelerate, Payit™ powered with Prommt represents a future-ready solution for forward-thinking merchants in automotive, hospitality, retail, and beyond.
James Hodgson, CEO of Payit™ by NatWest comments:
“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.”
About Prommt
Prommt is a premium advanced payment request platform used by hundreds of leading brands to transform remote payment experiences. Designed for high-value and high-trust payments, Prommt helps businesses reduce fraud, eliminate chargebacks, and streamline payment operations.
About Payit™ by NatWest
Payit™ by NatWest is a multi-award winning payment solution, here to help businesses and customers benefit from the next generation of payments.
Using Open Banking technology, Payit™ by NatWest offers a new way for businesses to collect and send payments online and in person, removing the need for sharing and storing card details. www.payitbynatwest.com
Media Contacts:
Lorraine Fahy, CMO at Prommt
lorraine.fahy@prommt.com
Stephanie Melrose, NatWest press office
07966 212 576