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During the 2022 Christmas period, Prommt confirmed that 3 million payment requests were sent to customers across many industry sectors in their home market within Europe. The growth and success experienced has already ensured expansion in other markets. The platform revealed plans to build on its existing customer base across North America.
Ireland’s Paytech Prommt offers solutions aimed at transforming the way businesses request, collect and report remote customer transactions. This solution gives you the ability to send secure and branded payment requests to your customers. The service appears to give businesses greater flexibility when it comes to requesting payments via SMS, WhatsApp, email, etc. These requests can be paid directly by card or customer’s bank.
Prommt is not only planning further expansion in the United States, but also seeks to further engage with hospitality, sports services, retail and building material suppliers throughout North America. The company explained that expanding the team is also a big potential as it aims to capitalize on the strong 2022.
Prommt successfully completed its Series A funding round at the end of 2022, despite a decline in fintech investment levels globally in 2023. The capital raised along with the recent surge in client growth will support our growth strategy into new markets, including the United States and Canada.
Donal McGuinnessCEO prompt, commented on the milestone and the company’s future plans. He explains: rise. We also believe that the transition to open banking will continue in 2023, with significant year-on-year growth continuing. “
Based in Dublin, Ireland, Prommt was founded in 2016 and has experienced significant growth, especially in the last 12 months. With recent expansion, the company serves businesses in both Europe and the United States.
In 2022, Prommt will launch “Pay by Bank”. This is a payment initiation feature for Open Banking through partners. tokenWithin six months of launch, over 20% of Prommt’s customers have adopted open banking payments as part of their payment mix. Pay by Bank saves merchants processing costs. The Open Banking Initiative also plans to provide a faster customer experience and offer instant account payments.
