# Innovative credit provider Tymit introduces instant payments with TrueLayer
Published: 2022-07-15
Category: Finance
Category URL: https://palmbayherald.com/category/finance/
Meta Title: Tymit and TrueLayer Enhance Customer Experience with
Meta Description: Experience seamless and secure bank payments with Tymit and TrueLayer, enhancing flexibility and convenience for managing finances. Learn more!
URL: https://palmbayherald.com/innovative-credit-provider-tymit-introduces-instant-payments-with-truelayer/

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- Customers can now use [instant](https://palmbayherald.com/payroll-innovation-has-accelerated-in-2022-with-expert-cloudpay-reporting-increased-demand-for-instant-salary-payments/) bank payments, powered by TrueLayer, to pay off Tymit Card balances and make refundable deposits for Tymit Booster.

**13 July, 2022** _London (UK)_.  [TrueLayer](https://truelayer.com/), Europe’s leading open banking platform, today announced that the innovative credit firm [Tymit](https://tymit.com/) is delivering an enhanced [experience](https://palmbayherald.com/millennials-lead-the-return-to-the-high-street/) through [instant](https://palmbayherald.com/payroll-innovation-has-accelerated-in-2022-with-expert-cloudpay-reporting-increased-demand-for-instant-salary-payments/) bank [payments](https://palmbayherald.com/fintech-disruptor-trust-payments-launches-all-in-one-e-commerce-platform-to-revolutionise-payments-offerings-for-smes/) for its [Credit](https://palmbayherald.com/darcey-quigley-co-partner-with-lightbulb-credit-to-offer-free-company-insights/) and Booster customers.

Tymit was founded as a flexible approach to financing purchases and managing a monthly budget, creating a viable alternative to [credit](https://palmbayherald.com/darcey-quigley-co-partner-with-lightbulb-credit-to-offer-free-company-insights/) cards or loans. The Tymit Card allows [customers](https://palmbayherald.com/staff-who-rely-on-tips-and-must-act-friendly-at-work-are-more-likely-to-be-sexually-harassed-finds-new-research/) to plan their spending, see the true total cost of any transaction, and avoid unnecessary interest by controlling their monthly [repayments](https://palmbayherald.com/fintech-disruptor-trust-payments-launches-all-in-one-e-commerce-platform-to-revolutionise-payments-offerings-for-smes/) through instalments, while Tymit Booster offers a way for consumers to build a better [credit](https://palmbayherald.com/darcey-quigley-co-partner-with-lightbulb-credit-to-offer-free-company-insights/) score through timely repayments on purchases.

Determined to deliver the best possible digital [experience,](https://palmbayherald.com/millennials-lead-the-return-to-the-high-street/) the firm has integrated TrueLayer into its app. As a result, Tymit Card [customers](https://palmbayherald.com/staff-who-rely-on-tips-and-must-act-friendly-at-work-are-more-likely-to-be-sexually-harassed-finds-new-research/) can make [repayments](https://palmbayherald.com/fintech-disruptor-trust-payments-launches-all-in-one-e-commerce-platform-to-revolutionise-payments-offerings-for-smes/) whenever they like, through secure, seamless and [instant](https://palmbayherald.com/payroll-innovation-has-accelerated-in-2022-with-expert-cloudpay-reporting-increased-demand-for-instant-salary-payments/) account-to-account payments. Tymit Booster [customers](https://palmbayherald.com/staff-who-rely-on-tips-and-must-act-friendly-at-work-are-more-likely-to-be-sexually-harassed-finds-new-research/) also benefit from a more streamlined and straightforward process by using open banking to make their initial refundable deposit.

**_Martin Magnone, CEO at Tymit, comments:_** _“Customer [experience](https://palmbayherald.com/millennials-lead-the-return-to-the-high-street/) always comes first at Tymit, and that’s why we’re so excited about our partnership with TrueLayer. Together, we’re taking the pain out of payments for our customers, creating the kind of experience that sets our offerings apart. “_

Payments powered by TrueLayer offer a higher conversion and fewer failed transactions, creating a more convenient approach and providing Tymit customers additional peace of mind that their repayments have been made on time.

**_Nick Tucker, Head of Financial Services at TrueLayer, comments_** _: “Millions of people in the UK have faced a user experience that makes it difficult to anticipate the total cost of purchases. Millions more have been left behind due to thin credit files. Working with a firm like Tymit that is delivering a more transparent, fee-free and customer-friendly approach to credit, is exciting. It has recognised that offering instant payments creates an opportunity to develop a deeper and more positive relationship with its customers.”_


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