NatWest rolls out new online payment service -Payit
Source: IBS Intelligence
NatWest announced the launch of its new online payment service, Payit by NatWest, today. The new payment option will enable customers to make instant online payments to retailers without the need for a debit or a credit card. The service, Payit, uses Open Banking infrastructure to allow UK banks’ customers to pay for services provided by the retailers who use the payment option.
Paul Thwaite, CEO, Commercial Banking at NatWest said, “As the largest supporter of UK businesses, we are thrilled to launch Payit by NatWest, allowing mid to larger businesses with an online presence to accept payments directly from their customers’ bank accounts in near real-time, providing them with an effortless and safe payment experience. We are especially pleased to have used Open Banking technology to achieve this, allowing customers of the UK’s main banks to use this new payment option. Payit joins our growing portfolio of digital innovations for businesses, showing NatWest’s commitment to helping them thrive and achieve their potential.”
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