Open Banking opens the doors to in-person banking during a year with the most bank branch closures in decades. OneBanx, a financial technology startup, embarked on a mission to address the challenge of maintaining access to cash for millions of people and businesses in the UK. Despite the closure of 5,668 bank and building society…
read moreThe cost-of-living crisis continues to tighten its grip around the world. In response, consumers are adapting their spending behaviour by tightening purse strings. For merchants, dwindling sales volumes – coupled with sharply rising overheads – threaten profitability. We surveyed over 250 payments professionals working for Payments Service Providers (PSPs) or Independent Software Vendors (ISVs). While…
read moreUntil now, Open Banking in the UK has been governed by the Competitions Market Authority (CMA) with help from the OBIE (Open Banking Implementation Entity) which ensured the participation of the CMA9 (the UK’s 9 largest banks). But now it’s time for the next phase of Open Banking, which means there may be a new…
read moreWe are delighted to announce that Nuapay has been announced as the Platinum award winner for “Recurring Payment Platform Innovation” at the
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Nuapay is helping Cocoon deliver a better way for customers to pay for automotive purchases. Its simpler, safer and more secure way for customers to make payments directly from their bank accounts helps automotive dealers address the highly compressed margins in car sales (typically
read moreWe’re hugely excited to share the news that the acquisition of Sentenial Group, including Nuapay, by EML Payments (ASX:EML), has been approved by both the UK’s Financial Conduct Authorised and France’s ACPR, and completed on 30th September 2021.
read moreOpen banking offers a fast, secure, and future-proof way to take and make payments online, allowing merchants and businesses an alternative way to accept payments, without having to rely on card networks. Adoption of this innovative financial technology solution is accelerating rapidly in the UK and starting to take off across Europe too, with millions…
read moreOpen banking solutions offer a new way to pay and get paid quickly and securely with minimal effort. Third party financial service providers use APIs to access financial data from banks and other financial houses meaning a reduced risk to consumers and businesses. What Are the Benefits of Using Open Banking? Using an open banking…
read moreThe research found 54% of UK consumers would be willing to use Open Banking as an alternative way to pay. This rises to 64% of consumers who use mobile banking and can benefit from the most convenient Open Banking payer experience. Unsurprisingly, the younger generations are leading the demand for Open Banking solutions, with 75% of consumers under 34 willing to use Open Banking to make a payment.
read moreNuapay has been chosen by two leading Mastercard prepaid providers, Their Perfect Gift and K Wearables, to enable consumers to use Open Banking payments in the lead up to Christmas. Nuapay’s FCA-licenced Open Banking payment service, now integrated with Their Perfect Gift and K Ring to enable customers to pay seamlessly via their mobile app, while providing faster access to cash and reducing processing costs for Their Perfect Gift and K Wearables.
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