TrueLayer Partners With Jaja Finance to Enable Smoother Card Repayments

TrueLayer, Europe’s leading open banking payments network, today announces a partnership with digital lender Jaja Finance (“Jaja”) to enable credit card repayments. Jaja will leverage TrueLayer’s Payments product to offer instant pay-ins, allowing customers to make one-off credit card repayments directly from their bank account.

This functionality is now live on Jaja’s Vanta Credit Card and the lender’s partner brands, including Asda Money Credit Card and Asda Money Select Credit Card, which are linked to Asda’s rewards programme.

These types of credit repayments are more intuitive and customer-centric – auto-populating fields so that customers don’t have to input data manually.

The payment is linked to an individual’s bank app – making the overall experience safer and smoother. Settlement is also instant and repayments are reflected immediately in the individual’s bank account, which makes money management easier and clearer.

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

“TrueLayer 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. We’re proud to partner with them on fast, frictionless credit repayments.”

Lucas Dalglish, Chief Commercial Officer, Jaja Finance, said: “Increasingly our customers are looking for heightened sophistication in the way they make their payments – faster, slicker and more secure. TrueLayer’s open banking-powered instant payments capabilities means we can continue to harness the future of payments while optimising our technology and enhancing our customer’s user experience.”

Following the success of Jaja’s partnership with Asda Money, for the Asda Money Credit Card and Asda Money Select Credit Card, the digital lender recently launched its own brand credit card, Jaja Vanta Credit Card – the next step in its ambitious growth plans to become the UK’s leading digital lender.

Ahead of today’s full partnership launch, 50% of Jaja customers chose TrueLayer’s account-to-account payments over other single payment options.