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With Open Banking Payments, NatWest helps businesses replace checks

Payit by NatWest will allow businesses to send payments directly to customers’ bank accounts without the need to visit a branch. The service will be available to all customers in the UK, and will be rolled out across the country in 2021. NatWest is the first UK bank to offer Payit to all of its customers, with plans to roll out the service across the UK in the coming years. The bank is also working with a number of other companies, including Vanquis Bank and FreeAgent, to offer the service to customers.

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