New clients and early adopters for the gee whiz PayTo product rolling on New Payments Platform rails, there are few so far and sales efforts are striking more resistance than interest.
The NAB PR quota on new users for PayTo is two.
Plenti is the first NAB business sustomer to switch on PayTo in Its lending platform
The New Payment Option uses NAB’s Pay by Bank solution developed by global fintech Banked.
It’s a modest reform to payments options for Plenti borrowers. They are being afforded the opportunity to make more timely discretionaey loan payments.
“Together NAB and Banked are working to transform the digital payments landscape in Australia, with the aim to accelerate the use of ‘Pay by Bank’ technology – using Australian Payments Plus’ (AP+) PayTo services - making it easier for merchants to give Australians more choice and control in the way they pay” or so reads the pitch.