UK-based payments platform GoCardless announced on Tuesday it has formed a new partnership with YayPay, a predictive account receivable (AR) automation solution. GoCardless claims that through the partnership YayPay will help its customers to get paid faster, improve cash flow, and significantly reduce payment costs.
While sharing more details about the collaboration, Anthony Venus, CEO and Co-founder of YayPay, stated that a growing number of YayPay customers are seeking ways to expand their global reach by collecting invoice payments from customers around the world
“By partnering with GoCardless and offering bank debit, we are empowering them to do this, while also addressing the payment options we make available to our own rapidly expanding list of customers worldwide.
Andrew Gilboy, General Manager of North America at GoCardless, added:
“This partnership will expand the payment options offered through YayPay’s AR solutions and allow YayPay’s customers to operate in a way that’s truly borderless.”
GoCardless describes itself as a next-generation payments company that makes it “incredibly” cheap and easy for anyone to take payments online using its Direct Debit infrastructure. The company is sponsored by Royal Bank of Scotland (RBS) and is regulated by the FCA Financial Conduct Authority (FCA).