GPS partners with FinTech sync. for smart payment service app launch

By 8

Payments processing solutions provider, Global Processing Services (GPS) announced a partnership today with London FinTech sync. to boost the payments processing function of sync.’s debit cards. GPS will provide sync. with connectivity to the payments ecosystem including the Scheme and the card bureau. The company said that the partnership is expected to help sync. to consolidate users’ financial lives via the management of various financial products – from current and savings accounts, to credit cards and mortgages – in one place.

Joanne Dewar, CEO of GPS, said, “GPS is excited to support the launch of sync. in the UK. As The PayTech PioneerTM, GPS prides itself in working with innovative UK brands such as sync. to continue to push the world of financial services into the future. sync. offers a unique app that harnesses the true benefits of Open Banking, and we strongly believe that it will lead the new wave of challengers seeking to disrupt the status quo.”

FinTech sync.’s smart payments service supports multi-currency current accounts that allow for seamless currency conversions, instant user-to-user transfers, national and international bank transfers, and real-time tracking. The collaboration is also expected to help the FinTech to launch and scale in the UK and Europe.

Ricky Lee, founder and CEO of sync. said, “At sync., we believe everyone should have quick, easy and universal access to cost-effective financial services. We chose to partner with GPS due to their expertise in an ever-evolving industry and, most importantly, its shared willingness to drive innovation in the financial sector. Working with GPS will ensure we are pushing the boundaries and allowing all UK and European residents to experience a new way to manage their finances,” he concluded.