Nuapay to enable Open Banking payments for Gala Technology
By Megha Bhattacharya
UK-based payment security solutions provider, Gala Technology has 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. Nuapay’s FCA-licensed Open Banking payments will enable Gala’s partners and merchants to accept payments via any sales channel of choice, without requesting sensitive card data.
Nick Raper, Head of UK at Nuapay, said, “We’re thrilled to be working with Gala Technology, as we have a shared drive to eradicate payment fraud. This partnership will help to increase widespread adoption of live bank transfer payments as SOTPay gives us an exceptional opportunity to demonstrate Open Banking payments’ usability and benefits to new audiences.”
Nuapay offers an inclusive open banking payment initiation, webhook notification and payment account solution; that aims to speed up checkouts and access to cash flow. It also reduces processing costs and enables full reconciliation and batch settlements of transactions. Gala Technology’s customers now have access to new payment innovation and will be able to perform refunds or make instant payouts.
Steven Jones, Commercial Director at Gala Technology, said, “We chose to work with Nuapay as their complete Account-2-Account payments capabilities, and high customer service levels are unparalleled. Looking forward, Nuapay’s presence within the UK and Europe will greatly help us reach new clients and will extend our service offerings to existing clients too. Nuapay’s Open Banking payments solutions help us to provide a better service; in turn, the time, money and resources our customers save will enable them to focus on growing their businesses in a more profitable way.”
Gala Technology SOTpay ‘Pay-by-link’ solution simplifies PCI DSS requirements and aims to protect merchants against the rising fraud risk. Recently, Gala Technology announced an extension of their capabilities in Germany in a bid to support merchants and demands from their acquiring partners.
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