NatWest has unveiled a significant improvement to its open banking payments service. The enhancement to Payit by NatWest is aimed primarily at business users and promises to offer added convenience when companies need to send payments.

Payit by NatWest will now let businesses send payments directly to their customers without needing to have their bank details, relying instead on the power of open banking. The new feature will effectively eradicate the need for cheques and even bank transfers. 



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