Nuapay and OneBanks team up for enabling financial inclusion

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Open banking solutions provider, Nuapay announced a partnership with OneBanks in a bid to enable financial inclusion for all. OneBanks will provide fully-manned, accessible kiosks in retail locations with limited or no banking facilities.

OneBanks‘ founder & CEO, Duncan Cockburn said, “Both fast-growth businesses, Nuapay and OneBanks share a vision to provide financial inclusion for everyone. Making sure that no-one is left behind. We will be providing everyday banking to people and SMEs in communities where high street banks no longer have the locations they would like. Nuapay is an innovative future-facing company, and we have many joint initiatives on the horizon.”

The partnership aims to facilitate the delivery of secure payments, help people to learn to trust digital payments by using reliable solutions for their everyday banking. Customers can decide on their preferred method of transaction: cash, card, contactless, mobile, digital. The companies aim to launch OneBanks by the end of 2020.

Sentenial Chief Commercial Officer, Brian Hanrahan said, “OneBanks is a remarkable new FinTech harnessing the possibilities unleashed by open banking and real-time payments to create a compelling service with positive social outcomes. We are delighted that they have chosen to build their business on top of the Nuapay platform, and we look forward to a ground-breaking partnership.”

Recently, UK-based payment security solutions provider, Gala Technology selected Nuapay in a bid to provide Open Banking payments to its partner network and direct merchants across multiple sectors including retail, hospitality and financial services.

ALSO, READ: Open Banking Roadmap for Mid-sized banks in Europe by IBS Intelligence