Embedded finance provider UNIPaaS has added bank payments to its offering via a white label integration with GoCardless.
Through GoCardless ‘Embed’, which is a new integration that comes white-labelled as standard, UNIPaaS will be able to offer payment methods such as direct debit and Open Banking payments to businesses in more than 25 countries.
GoCardless ‘Embed’ has been designed to allow payment providers to integrate GoCardless’ bank payment network into their respective platforms through a single API, giving access to bank payment schemes in the UK, eurozone and the US.
It also enable end-to-end payment processing capabilities for bank payments, such as reconciliation, mandate management, reporting and refunds.
The new integration also provides access to Open Banking-powered features, including instant one-off and recurring payments in the UK and account verification and fraud prevention across the three markets.
David Avgi, chief executive officer and co-founder of UNIPaaS, said: “We’re excited to use Embed to offer bank payments as a new B2B payment option for our customers.
“UNIPaaS’ one-contract, one-integration solution makes it easy for our platform customers to offer additional payment methods using our embedded UI suite.”
Avgi added: “We’re confident that this will help us meet the growing demand for bank payments, and we expect strong take-up based on previous demand.”
Eva Ducruezet, chief expansion officer and managing director of GoCardless Embed and Bank Account Data, said: “We’re proud to be a trusted partner to UNIPaaS, adding a much-requested feature to its strong embedded finance offering.
“Through our simple integration, UNIPaaS can fast-track its way to accessing bank payments in more than 25 countries, giving customers exactly what they want.”
Read this Insight written by Tom Burton, director of external affairs and public policy at GoCardless, looking back at PSD2 and what it can teach the industry.