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Payments General

Yolt Pay reaches its final stages in beta in UK

Tuesday 25 June 2019 | 01:37 PM CET

Netherlands-based smart thinking money app Yolt has extended its payment test phase to UK customers who bank with Nationwide, Santander and Barclays.

Following the launch of ‘Yolt Pay Beta’ with six of the major high street banks, the app is now extending its test phase offering. The expansion means that Yolt’s payment initiation service (PIS) will allow more users to view their accounts, initiate payments to friends and family, and move money between their own accounts, all powered by Open Banking. Nationwide, Santander and Barclays join Lloyds, Bank of Scotland, Halifax, RBS, NatWest and Ulster Bank in the growing list of banks supported for payments in Yolt.

Yolt’s beta phase provides UK users with the relevant banks the chance to trial the feature, provide feedback and ultimately aid in building and developing the new functionality. Utilising the power of APIs even further, Yolt has also launched a new payee address book feature, making paying friends and family easier than ever. Contacts that users have previously saved in their connected banking apps will now appear, pre-populated, within the Yolt app, saving users the hassle of adding account number and sort code.

Yolt announced that it has improved the payment initiation flow for the eight high street banks that have app-to-app redirect available.

More: Link
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