"What open banking does, and Payit does as an application, is enable you to initiate sending a payment or receiving a payment in multiple different ways. So it could be embedding a button onto a website. It could be scanning a QR code."
"When APIs open up, it gives us the opportunity to experiment and to create new consumer propositions and to move away from a model where everything is very much hard-coded based around big, legacy applications."
"That extra ability from Payit, to be able to track payments and understand exactly their status, is a really valuable addition for certain types of merchant. It's typically those that are going to dispatch the goods immediately, and want to know before they hand over an item to a courier or to the individual face to face that they're they're going to get their funds."
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