TrueLayer and Jaja Join Forces to Roll Out Instant Credit Card Payments

Tuesday, 11/06/2024 | 08:28 GMT by Tareq Sikder
  • Jaja's Vanta Credit Card and partner brands now offer auto-populated, instant credit card payments via TrueLayer.
  • The new feature offers instant repayments and aims to improve money management for credit card users.
payments

TrueLayer, a European open banking payments network, has announced a partnership with digital lender Jaja Finance. This collaboration will enable credit card repayments for Jaja customers. Jaja will use TrueLayer's Payments product to offer instant pay-ins, allowing customers to make one-off credit card repayments directly from their bank accounts.

Offering Instant Repayments

This new functionality is now available on Jaja's Vanta Credit Card. It is also available for Jaja's partner brands, including Post Office, Asda Money Credit Card, and Asda Money Select Credit Card. These credit cards are linked to Asda's rewards program.

Mariko Beising, VP Financial Services & Partnerships at TrueLayer, Source: LinkedIn

Jaja's partnership with Asda Money has been effective. Consequently, Jaja recently introduced its own brand credit card, the Jaja Vanta Credit Card.

Mariko Beising, VP of Financial Services and Partnerships, TrueLayer said: โ€œOpen banking-powered instant payments are a simpler, safer and more intuitive option than legacy repayment methods, and they integrate seamlessly into the customer journey."

โ€œTrueLayer is attractive to companies that value the customer experience. With its commitment to best-in-class technology and customer-centric products, Jaja consistently prioritises their end users. Weโ€™re proud to partner with them on fast, frictionless credit repayments.โ€

Repayment Feature for Money Management

Lucas Dalglish, Chief Commercial Officer, Jaja Finance
Lucas Dalglish, Chief Commercial Officer, Jaja Finance, Source: LinkedIn

The new repayment process is designed to be more intuitive and user-friendly. It auto-populates fields, so customers do not need to enter data manually. The payment links to an individual's bank app, making the experience safer and smoother.

Settlements are instant, and repayments reflect immediately in the customer's bank account. This feature aims to make money management easier and clearer.

Lucas Dalglish, Chief Commercial Officer, Jaja Finance, said: โ€œIncreasingly our customers are looking for heightened sophistication in the way they make their payments - faster, slicker and more secure."

"TrueLayerโ€™s open banking-powered instant payments capabilities means we can continue to harness the future of payments while optimising our technology and enhancing our customerโ€™s user experience.โ€

TrueLayer, a European open banking payments network, has announced a partnership with digital lender Jaja Finance. This collaboration will enable credit card repayments for Jaja customers. Jaja will use TrueLayer's Payments product to offer instant pay-ins, allowing customers to make one-off credit card repayments directly from their bank accounts.

Offering Instant Repayments

This new functionality is now available on Jaja's Vanta Credit Card. It is also available for Jaja's partner brands, including Post Office, Asda Money Credit Card, and Asda Money Select Credit Card. These credit cards are linked to Asda's rewards program.

Mariko Beising, VP Financial Services & Partnerships at TrueLayer, Source: LinkedIn

Jaja's partnership with Asda Money has been effective. Consequently, Jaja recently introduced its own brand credit card, the Jaja Vanta Credit Card.

Mariko Beising, VP of Financial Services and Partnerships, TrueLayer said: โ€œOpen banking-powered instant payments are a simpler, safer and more intuitive option than legacy repayment methods, and they integrate seamlessly into the customer journey."

โ€œTrueLayer is attractive to companies that value the customer experience. With its commitment to best-in-class technology and customer-centric products, Jaja consistently prioritises their end users. Weโ€™re proud to partner with them on fast, frictionless credit repayments.โ€

Repayment Feature for Money Management

Lucas Dalglish, Chief Commercial Officer, Jaja Finance
Lucas Dalglish, Chief Commercial Officer, Jaja Finance, Source: LinkedIn

The new repayment process is designed to be more intuitive and user-friendly. It auto-populates fields, so customers do not need to enter data manually. The payment links to an individual's bank app, making the experience safer and smoother.

Settlements are instant, and repayments reflect immediately in the customer's bank account. This feature aims to make money management easier and clearer.

Lucas Dalglish, Chief Commercial Officer, Jaja Finance, said: โ€œIncreasingly our customers are looking for heightened sophistication in the way they make their payments - faster, slicker and more secure."

"TrueLayerโ€™s open banking-powered instant payments capabilities means we can continue to harness the future of payments while optimising our technology and enhancing our customerโ€™s user experience.โ€

About the Author: Tareq Sikder
Tareq Sikder
  • 733 Articles
  • 4 Followers
About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 733 Articles
  • 4 Followers

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