We’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.
Sentenial started with a simple belief that there was a better way to pay and get paid, and has grown over nearly two decades into a platform that supports thousands of clients and partners process payments worth in excess of €45 billion per annum all over Europe.
Our mission is still to be the best way to pay and get paid. We are proud to help our customers and partners leverage the Nuapay Account-to-Account (A2A) and Open Banking payments platform to lead their industries.
It is increasingly obvious that we are in the midst of a revolution in payments, catalysed by Open Banking and Real-Time A2A Payments. It’s a backdrop that makes it an extremely exciting time here at Nuapay as we support our incredible partners to build the services of the future.
We also recognised that Open Banking and Real-Time Payments are now firmly global trends so, for us and our clients, we were looking for a partner who could help us accelerate and scale globally. From the moment EML approached us we’ve been impressed by their vision, ambition and growing ecosystem. Joining EML and becoming listed on the Australian Stock Exchange as a result of this transaction is an exciting step for our organisation, which will help us rapidly scale and deliver a broader and more complete set of solutions to our clients and partners.
Today is a major milestone for our company but also for Open Banking more generally. We’re excited about the path ahead and thank you for your support to date.