Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML).
The deal, which was announced in March, will “significantly scale GoCardless’ indirect channel proposition and fast-track the rollout of new capabilities that will enable customers to send as well as collect money through GoCardless.”
Introducing these capabilities will be the first product priority “for GoCardless, allowing the fintech to unlock new vertical sectors and use cases in areas including payroll, financial services, utilities, insurance, gaming and gambling.”
Paul Stoddart, President at GoCardless, said that Nuapay positions them as a full-service bank payment provider.
As covered recently, GoCardless has launched GoCardless for Salesforce on Salesforce AppExchange, an enterprise marketplace for partner apps and experts, empowering customers to access the GoCardless payments platform directly within Salesforce.
Customers can tap into GoCardless’ full product suite “including Instant Bank Pay, its open banking-powered payment feature and Direct Debit, automating the collection of one-off and recurring payments in over 30 countries.”
Switching to account-to-account payments with GoCardless “means Salesforce customers will save time and money by automating their payment processes.”
Because GoCardless bank payments pull money “directly from customers’ bank accounts, payers can also say goodbye to the inconveniences, payment failures and unwanted service disruptions associated with expired, lost or stolen card details.”
The integration will be aimed at customers in “the energy and utilities, financial services, property and government sectors.”