Priya PatelTLDR:
- GoCardless has signed an agreement to acquire Nuapay from EML Payments, subject to regulatory approvals.
- The acquisition will scale GoCardless’ indirect channel proposition and enable new disbursement capabilities.
GoCardless, a global bank payment company, has announced its agreement to acquire Nuapay from EML Payments, a global payments company. This acquisition will significantly enhance GoCardless’ indirect channel proposition, making it a key payment provider across various customer segments. By incorporating Nuapay’s offerings into its bank payment platform, GoCardless will be able to offer new disbursement capabilities to its customers, unlocking opportunities in sectors such as payroll, financial services, utilities, insurance, gaming, and gambling. This acquisition is seen as a strategic move to accelerate GoCardless’ path to profitability, following recent milestones such as the launch of GoCardless Embed, customer and partner signings including JustGiving and Xero, and more.
Key Points:
- GoCardless to acquire Nuapay from EML Payments, pending regulatory approvals.
- The acquisition will allow GoCardless to offer new disbursement capabilities and expand into various sectors.
The acquisition of Nuapay by GoCardless from EML Payments is a significant move in the fintech industry. It represents a strategic growth opportunity for both companies, as they aim to leverage Nuapay’s account-to-account payment and open banking expertise to enhance their service offerings. This acquisition aligns with GoCardless’ vision to become the world’s bank payment network and will provide businesses and partners with a full-service provider for bank payments, disbursements, and payment collections. The combined expertise of GoCardless and Nuapay is expected to create a strong player in the industry with a focus on innovation and customer satisfaction.
