Read our 2025 report that highlights how Open Banking could do wonders for FI businesses.
Drawing upon NatWest’s ‘Frictionless Payments’ survey research*, our report reveals the challenges financial institutions (FIs) face and how Payit could help solve them.
Key takeaways:
- Over 70% of FIs have payments problems that ‘disrupted’ business.
- Payments ‘too slow’ for over half of FIs.
- Nearly 60% of FIs struggling with ‘high transaction fees’.
- Hear how Payit helped reduce declined payments for Salad.
- How the NatWest brand gives Salad’s customers confidence in a ‘new’ way to pay.
- Over 60% of Interactive Investor’s customers paid with Payit just two months after launch.
- Similarly, 6 in 10 transactions into Yorkshire Building Society account came via Payit.
Click the button below to download and read the full financial institution report*, and see how your business could benefit from Payit.
Financial institutions report. (PDF)
To be eligible for Payit™, your business must be based and trading in the UK with a turnover of £2M or more. You must be 18 or over. Fees apply and T&Cs apply.
*All statistics in this report are drawn from NatWest’s ‘Frictionless Payments’ survey research, conducted by Censuswide, among a sample of 801 UK Respondents aged 25+ (Treasurers, Heads of Payments, Heads of Strategy and Chief Investment Officer etc.) The data was collected between 21.02.2025 - 27.02.2025. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct and ESOMAR principles. Censuswide is also a member of the British Polling Council.