Gocardless Signs Agreement To Acquire Nuapay

By Author: otis
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GoCardless, a prominent bank payment company, has recently announced its intention to acquire Sentenial Ltd, which operates under the Nuapay brand, from EML Payments Limited (ASX: EML), subject to regulatory approvals. This strategic acquisition is expected to greatly enhance GoCardless' indirect channel proposition, solidifying its position as a key payment provider to Independent Software Vendors (ISVs) and Payment Service Providers (PSPs).

By integrating Nuapay's comprehensive offering into its existing bank payment platform, GoCardless aims to expedite the implementation of new disbursement capabilities. This integration will unlock opportunities in various vertical sectors and use cases, including payroll, financial services, utilities, insurance, gaming, and gambling.

The acquisition of Sentenial Ltd will result in the creation of a full-service provider with a strong emphasis on bank payments. This will enable businesses and partners to leverage enhanced features that improve payment success rates and mitigate the risk of fraud.

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