Prommt reports 100 percent increase in open banking adoption rates

Financial IT | Innovations in FinTech

Prommt’s payments platform has seamlessly integrated both card and open banking capabilities to empower their clients to process payments dynamically according to their specific needs. By offering both Card and Pay by Bank options, Prommt’s clients are able to choose the most cost effective payment method for every transaction type. This dual card/bank offering has resulted in higher open banking adoption and a consistent increase in transaction volumes on a monthly basis. Prommt’s clients achieved over 93% payment success rates when  orchestration controls of Pay by Bank and Card are in use.