Are we entering the next phase of Open Banking? What the latest JROC report means for the future of payments.
Until 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...
EML’s Authenticated Mandates Wins MPE Award for Open Banking Payment Innovation
Nuapay (EML Payments Limited’s (ASX: EML) Open Banking business) has been recognised for its exceptional Authenticated Mandates solution at the Merchant Payment Ecosystem Awards in Berlin, Germany, where it was awarded the coveted Best Use of Open Banking for Payments...
Nuapay Wins Future Digital Award For Recurring Payment Platform Innovation
We are delighted to announce that Nuapay has been announced as the Platinum award winner for “Recurring Payment Platform Innovation” at the 2022 Fintech and Payments Future Digital Awards. The Fintech and Payments Future Digital Awards are organised by Juniper...
EML’s Nuapay Signs Milestone Contract Bringing Open Banking To Local Government And eCommerce Sectors In The UK
Nuapay (EML Payments Limited’s (ASX: EML) Open Banking business) extends its open banking payments services to Pay360. Nuapay's innovative and fully customisable open banking and real-time account-to-account payment capabilities will give Pay360's customers access to...
EML Open Banking Uncovers A 37% Increase In Payment Declines Following SCA Implementation
99% of merchants have seen an increase of at least 5% in payment declines (with an average 37% decline) following the introduction of Strong Customer Authentication; a third (35%) saw payments fraud jump since the start of the pandemic. Nuapay (EML Payments Limited’s...
EML Commissioned Research Finds 1 In 4 U.K. Merchants Predict Open Banking Payments Will Become The Most Popular Payment Method In The Next 5 Years
Nuapay (EML Payments Limited’s (ASX: EML) Open Banking business), has released new data revealing that 1 in 4 (25%) merchants predict open banking will become the most popular payment method amongst customers in the next 5 years. The survey of payments decision makers...
EML Open Banking Expands Into 20 New Countries To Complete Its Coverage Of Europe
Nuapay (EML Payments Limited's (ASX: EML) Open Banking business), is now connected to banks in another 20 countries in Europe, becoming one of the first open banking operators to provide complete connectivity across the Eurozone and expand into Eastern Europe and...
Nuapay Partners With Praxis Tech
Nuapay has partnered with Praxis Tech (Praxis) to power the delivery of open banking and account-2-account payments to Praxis’ clients across Europe. 90% of fintechs(1) cite enhanced customer experience as key to their competitive advantage, and this integration will...
Cocoon Partners With EML Nuapay To Save Car Dealerships 75% On Payment Processing Fees With Open Banking
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 <1%).
Nuapay Expands Into 4 Of The Biggest Open Banking Markets In Europe – Spain, Ireland, Belgium and The Netherlands
Nuapay is pleased to announce its multi-award-winning open banking payments platform has been expanded to Spain, the Netherlands, Belgium and Ireland, covering 95% of account holders. This revolutionary payment system enables frictionless customer journeys with faster...
Sentenial & Nuapay are joining EML Payments (ASX:EML)
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.
Nuapay announces major expansion of its Open Banking platform across Italy and Germany
Nuapay’s expansion will enable German and Italian partners to offer open banking payment solutions, powering seamless account-2-account payments for their customers.
TechRound Interview with Brian Hanrahan, CCO at Sentenial
Nuapay is recognised as a pioneer of open banking and the industry’s leading Account-2-Account payment solutions provider. Building upon the trust, scale and experience of its parent company Sentenial, we offer partners in the UK and around Europe a fully...
Beam partners with Nuapay to enable Open Banking ecommerce payments for WooCommerce merchants
The partnership enables Beam to provide Open Banking payments to its clients on WooCommerce – the open-source e-commerce plugin for WordPress – bringing online and omnichannel retailers the benefits of faster, more secure and cost-efficient payments. After a successful pilot, the Beam service is available now to almost 100,000 websites using WooCommerce to sell goods and services in the UK.
What is Open Banking? – A Guide for Business
Open 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...
What are the Benefits of Open Banking?
Open 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....
Nuapay data reveals strong consumer demand for Open Banking and better a payment experience
The 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.
Nuapay Enables Open Banking for Their Perfect Gift and K Ring as Christmas Shopping Ramps Up Across the UK
Nuapay 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.
Make Payments Seamless for your Customers with Nuapay’s Award Winning Merchant Payment Solutions
Payments should be simple – not a pain point for customers. At Nuapay, we work hand in hand with you to customise and embed Nuapay into your customer journey, making payments as slick and seamless as possible for your customers. Whether that be one-off or recurring payments, we give you the power to use your creative freedom to personalise the payment steps and payment interface to match your business’ desired customer experience and branding.
Nuapay Industry Research Reveals Plethora of Payment Card Security Failings and Lack of Consumer Trust
Security flaws: More than one in ten consumers surveyed (12%) claim they have suffered an unauthorised debit/credit card payment in the last six months alone Lacking trust: 49% of consumers surveyed who have ever purchased goods and services online rarely or never...
