Huge congratulations to Team Prommt for taking home the “Innovative Banking Product Award” at the FS Awards! A special shoutout to their fellow finalists, Revolut and An Post Money – competing against such esteemed brands makes this achievement even more meaningful for them!

This recognition follows their recent win for “Best Open Banking Payments Project” at the Open Banking Expo in London two weeks ago. It’s a fantastic testament to their team’s dedication and commitment to driving innovation and excellence in payments.

They attribute Pay by Bank’s success to their smart payment orchestration controls, which empower merchants to automatically present the most suitable payment method – whether bank or card – based on transaction value, type, or location. This dynamic approach boosts adoption, lowers costs for high-value transactions, and delivers a seamless payment journey. Optimising the payment options offered to customers is essential to driving both adoption and success in open banking payments.

With Pay by Bank, their clients enjoy a payment success rate of over 93%, and effectively mitigate risks such as card fraud, data breaches, and chargebacks. Some of their clients have reduced card fees by up to 88%.

For hotels, Pay by Bank offers a far more cost effective way to collect high value payments such as wedding and event payments, significantly reducing the cost of payment operations associated with card payments. It also replaces tedious manual bank transfers with a simple pay by bank link, providing hotel guests with a fast, secure and seamless way to pay directly from their bank accounts.They are thrilled to keep pushing the boundaries of innovation alongside Token.io, their licensed partner for Pay by Bank.

Contact details

Lorraine Fahy
CMO

 lorraine.fahy@prommt.com
Web www.prommt.com