Paying off your credit card just got a lot easier.
Starting today both its Credit card and Booster card customers can initiate an account-to-account top-up without having to leave the Tymit app or mess around with sort codes and account numbers.
The Tymit Credit card lets customers split transactions over three fixed monthly repayments with no interest, or for longer with interest, while the Booster card is focused on helping thin file customers build credit.
Tymit says that using open banking for repayments results in a higher conversion rate and fewer failed transactions, giving customers more control over how and when they repay.
“It has recognised that offering instant payments creates an opportunity to develop a deeper and more positive relationship with its customers.”