back Back

Ecommpay taps GoCardless to launch Direct Debits for businesses

By Gloria Methri

April 03, 2024

  • Direct Bank Card Acquirer
  • Direct Debits
  • Ecommpay
Share

Ecommpay has launched Direct Debit payments for UK and EU businesses in collaboration with GoCardless. The move allows Ecommpay to increase market coverage by approximately 44% without cannibalising existing payment methods.

Direct Debit has surged in popularity and consumer demand and is now one of the UK’s most popular and trusted ways to pay. In addition to evolving consumer payment preferences, businesses face challenges such as fraud prevention and reducing checkout abandonment rates. Recognising existing barriers and shifting end-consumer payment trends, Ecommpay has introduced Direct Debit payments as a proactive response.

The strategic partnership with GoCardless enables Ecommpay merchants to offer subscription-based payments across the UK and Europe, with improved acceptance rates and the security against fraud that comes with bank payments.

Head of Financial Partnerships, Arthur Ribakovs, said, “The addition of Direct Debit capabilities further expands Ecommpay’s already extensive portfolio, including global card acquiring, Open Banking: Advanced, and 100+ local payment methods via a single integration. With a full-stack proprietary ecosystem that ensures 99.999% uptime and around-the-clock business and IT support, Ecommpay is not only strengthening its presence in the UK and Europe but continues to improve its offering for FinTech and e-commerce merchants.

Deepak Colluru, Director of Product Management for GoCardless Embed, said, “We are extremely proud to help Ecommpay launch its Direct Debit offering, enabling its customers to tap into a payment option that is seamless, secure, and highly preferred. Ecommpay’s speed to market is a testament to the simple ‘plug-and-play’ nature of GoCardless Embed, allowing payment service providers to access a global bank payment network in a matter of weeks. We look forward to helping millions of businesses realise the benefits of bank payments, from reducing costs, fraud and manual admin to increasing cash flow and conversion.

Previous Article

April 03, 2024

Scott Dunn taps Nium to improve hotel cash flow management

Read More
Next Article

April 04, 2024

Damen & BKN301 Group unveil ‘Damen Cash’ app to boost electronic payments

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Direct Bank Card Acquirer

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024