GoCardless opens up access to its global bank payment network
Third party payment providers can now service the fast-growing account-to-account payments market via a single integration to GoCardless
LONDON, Feb. 8, 2023 /PRNewswire/ -- GoCardless, a global leader in direct bank payments, has launched GoCardless Embed, a new integration for third party payment providers to access its global bank payment network and reap the benefits of bank-to-bank payments.
GoCardless Embed, which comes white labelled as standard, allows payment providers to integrate GoCardless' global bank payment network straight into their platform through a single, simple API that provides access to:
GoCardless Embed allows providers to tap into the burgeoning account-to-account market, valued at around USD 225 trillion in transaction volumes worldwide*, and expand their total addressable market to new verticals and use cases where bank payments are preferred.
It's a fast and easy way for third party payment providers to increase revenue through expanding the range of payment methods they offer, keeping their merchants in-platform. GoCardless Embed also slots seamlessly into their existing solution, meaning payment providers retain complete control over the customer experience.
By adopting GoCardless Embed, they alsobenefit from increased efficiency, tapping into a worldwide network that took years to build in just a matter of weeks. The integration will give them an end-to-end bank payment solution that provides merchants and their payers all the benefits of bank payments, without any of the complexity traditionally associated with introducing and managing the payment method.
Hiroki Takeuchi, co-founder and CEO of GoCardless said, "We've spent the past decade optimising bank payments and bringing them into the digital age. Our greatest achievement is building a global bank payment network, connecting disparate payment schemes into one interoperable network -- a challenge that our peers and competitors had previously considered insurmountable. Now, for the first time, we've created a product to open up access to our unique network and we're excited by the positive reactions so far."
Through GoCardless Embed, payment providers can meet growing merchant demand for bank payments. Many types of businesses have already realised a range of benefits powered by payments that are faster, cheaper and more secure:
Payment providers can also use GoCardless Embed to align with changing payer preferences.
Notes to Editors:
*GoCardless analysis drawing from McKinsey Global Payments Map; WorldPay Global Payments Report; industry research
GoCardless is a global leader in direct bank payments. We help more than 75,000 businesses, from start-ups to household names, collect both recurring and one-off payments, without the chasing, stress or expensive fees. Each year GoCardless processes more than US$30 billion of payments across 30+ countries. Our acquisition of Nordigen means we're also helping businesses make faster and more informed decisions through easy access to bank account data. We are headquartered in the UK, with additional offices in Australia, France, Latvia and the United States. For more information, please visit www.gocardless.com and follow us on Twitter @GoCardless.
© 2023 GoCardless Ltd. All Rights Reserved. GoCardless is a registered trademark of GoCardless Ltd in multiple countries. Third party trademarks mentioned above are owned by their respective companies. Unless explicitly identified as such, nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of GoCardless Ltd. or any aspect of this press release.
All figures, unless otherwise stated, are from YouGov Plc. For the Financial Decision Makers survey, the total sample size was 1514 adults across the UK, US, France and Germany. Fieldwork was undertaken between 6th – 16th June 2022. The survey was carried out online.
For the consumer survey, total sample size was 7611 adults across UK, US, France, Germany and Australia. Fieldwork was undertaken between 1st – 9th June 2022. The survey was carried out online. The figures have been weighted for each country to produce an 'average' value.