UK pub operator JD Wetherspoon has integrated Payit by NatWest into its app, enabling customers to pay for food and drink using Open Banking technology.
Payit by NatWest is now available to customers in all Wetherspoon pubs across the UK, meaning that patrons can complete in-app pay orders without the need to input card details, or provide personal information to sign up for an account.
If they choose to pay for their orders with Payit in the app, it will directly open their banking app of choice, allowing them to select the appropriate bank account to pay with.
All Wetherspoon customers will have the option to pay for their order using Payit, regardless of whether they are existing NatWest customers or bank with another provider, with 24 banks connected to the service, including the UK’s nine largest banks.
Mark Brant, chief payments officer at NatWest Group
Mark Brant, NatWest Group’s chief payments officer, said: “This new partnership with one of the UK’s most recognisable brands is an exciting move for Payit by NatWest. It’s one that allows us to provide a company with an extensive consumer base a way to reduce the cost of taking payments.”
Brant added: “Ensuring the latest payment technology is available to as many consumers as possible is also one of our key ambitions as a business.
“The added security afforded by Open Banking technology reduces the risk of sensitive information, such as card details, falling into the wrong hands.”
At the start of the year, Payit by NatWest released the findings of a survey which showed that UK businesses already using Open Banking reported saving 150 hours annually on operational tasks, such as processing invoices and financial data, recurring payments and processing refunds.
