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 more99% 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 ( Payments Limited’s (ASX: ) Open Banking business), has revealed that U.K. businesses have seen…
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
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 morePayments 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.
read moreThe benefits of Open Banking as a payment (pay-in) mechanism have been well spoken about – it provides merchants with a fast, secure and cost-effective option to accept funds from customers. Less well spoken is the potential for Open Banking to power outgoing payments – whether that be simple refunds to customers (e.g. in eCommerce),…
read moreNuapay is delighted to have attended the annual Sibos conference and exhibition in London. This year, the theme of the conference was “Thriving in a hyper connected world.” It demonstrated a specific focus on the capabilities of financial service providers to sustain an agile business strategy in this advancing world of tech payments. Much of…
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