Energy provider Utilita now offers Payit by NatWest service within their application for customers to easily manage their payments.
In a significant move towards enhancing the payment experience for its customers, Utilita Energy, a leading UK-based pay-as-you-go energy supplier, has implemented NatWest's Open Banking payment solution, Payit. This innovative solution allows Utilita customers to make secure, fast payments directly from their bank account, via mobile banking, without the need to share sensitive card details [1].
With the introduction of Payit, Utilita customers using the 'My Utilita' app now have the option to pay their energy bills instantly and securely. The platform opens the customer's banking app of choice for the selection of the appropriate bank account to pay, eliminating the need for customers to enter their card details [1]. This not only speeds up the payment process but also reduces the risk of sensitive information falling into the wrong hands [2].
The added security afforded by Open Banking technology is a significant advantage. Transactions completed through Payit are done quickly and securely, providing a flexible and seamless way for people to manage their energy payments [3]. This new payment method benefits over 800,000 UK households using Utilita's services for energy payments management [4].
Businesses too stand to benefit from the implementation of Payit. By streamlining their payment processes, they can improve their operational costs and receive funds immediately [5]. This is not the first time Payit has been adopted by businesses. In July last year, UK pub operator JD Wetherspoon integrated Payit by NatWest into its app, enabling customers to pay for food and drink using Open Banking technology [6].
James Hodgson, chief executive officer of Payit by NatWest, expressed delight in helping Utilita utilize Open Banking through Payit to streamline and simplify payments [7]. Bill Bullen, founder and chief executive officer of Utilita, echoed this sentiment, stating that Payit offers an efficient and secure service that will make life easier for many Utilita customers [8].
This partnership between Utilita and Payit by NatWest marks a significant step forward in the adoption of Open Banking technology for energy payments. The combination of faster processing, enhanced security, and cost-saving features helps Utilita Energy offer a more convenient, efficient, and customer-friendly payment service [1]. With Payit, Utilita customers can look forward to a smoother, more secure, and hassle-free payment experience.
[1] Source: Utilita Energy Press Release [2] Open Banking: A Secure Way to Pay [3] Payit by NatWest: A New Way to Pay [4] Utilita Energy Serves Over 800,000 UK Households [5] Improving Operational Costs with Payit [6] JD Wetherspoon Adopts Payit by NatWest [7] Payit by NatWest Helps Utilita Streamline Payments [8] Utilita Energy Embraces Payit by NatWest
- Utilita Energy customers, using the 'My Utilita' app, now have the option to pay their energy bills instantly and securely through Open Banking technology, with Payit, which allows them to select their bank account to pay without sharing sensitive card details.
- The implementation of Payit by NatWest not only speeds up the payment process but also reduces the risk of sensitive information falling into the wrong hands, offering a more secure way for people to manage their energy payments.
- Businesses, including Utilita Energy, can improve their operational costs and receive funds immediately by streamlining their payment processes with Payit, as demonstrated by UK pub operator JD Wetherspoon last year.
- The partnership between Utilita Energy and Payit by NatWest marks a significant step forward in the adoption of Open Banking technology for energy payments, offering faster processing, enhanced security, and cost-saving features that help Utilita Energy provide a more convenient, efficient, and customer-friendly payment service.
