back Back

Tide expands platform with new payment acceptance service

By Megha Bhattacharya

March 08, 2021

  • Tide Payments
  • UK

Tide, UK, London, India, FinTech, digital, bankingUK-based business financial platform Tide today announced that it will be expanding its platform with the introduction of Tide Payment Acceptance in 2021. The company stated that the platform will be available in the UK initially and will be rolled out to its Indian business. The new payment acceptance solution is expected to allow members to accept payments from customers online or at their business premises through card terminals.

Oliver Prill, Tide CEO said, “I am delighted to have Mark on board to deliver Tide Payment Acceptance. His experience in the field is second to none and he is already making huge steps towards creating a simple and efficient product for our members in the UK and India.”

“Introducing Tide Payment Acceptance is a big step for Tide and takes us even closer to our vision of giving small business owners everything they need to manage their business banking and admin under one roof. Creating smart and simple connections between the products and services needed to run a business is what we are passionate about and what makes Tide unique – this is a very exciting addition to the platform.”

According to the company, Payment Acceptance aims to support members in boosting sales, cash flow and remove the risks and costs associated with cash or bank transfers. The company has appointed Mark Hazzard as VP of Financial Services, to lead the development and launch of its Payment Acceptance service.

Mark Hazzard, VP of Financial Services at Tide said, “Payment acceptance has long been a complex and costly process for micro and small businesses. I am extremely excited by the prospect of bringing the service into the Tide platform and leveraging the full range of Tide products and platform capabilities. Combining payment acceptance with other services such as the current account, invoicing, lending and accountancy tools will enable Tide members to automate their financial tasks and have a holistic view of their business performance, demonstrating a significant time saving.”

Last year, ClearBank, in collaboration with Tide, was awarded £25 million in a bid to assist UK SMEs to boost COVID-19 recovery and turn it into a growth opportunity. The new funding aimed to provide financial support and products for helping SMEs face challenges in the post-pandemic and post-Brexit economic environment. Both ClearBank and Tide support the affected enterprises in meeting accelerated demand for digital services.

Previous Article

March 08, 2021

YES BANK launches YES Essence a banking solution for women

Read More
Next Article

March 08, 2021

Mastercard, Seneca Women & Deserve unveils new Credit Card to help accelerate gender equality

Read More

IBSi Daily News Analysis

South East Asia

February 28, 2024

Tide Payments

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 29, 2024

Volt secures EMI licence to offer e-money accounts in the UK

Read More

February 29, 2024

Checkbook and Visa partner to enhance instant payment access

Read More

February 29, 2024

NPCI International & Eurobank team to offer Foreign Inward Remittances

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023