YayPay partners with GoCardless to expand its global reach

Source: IBS Intelligence 2020-06-04

London based GoCardless, a leading FinTech for recurring payments has announced that the company has entered into a strategic partnership with YayPay, a provider of predictive accounts receivable (AR) automation solution.

Under the partnership terms, YayPay will integrate GoCardless’s global network with its AR offerings to provide direct debit payments to its growing base of customers in North America and Europe.

Recent research conducted by GoCardless and YouGov reveals that while 69% of U.S. businesses collect international payments, and 72% of them have ambitions to increase their global growth over the next five years, 58% of them believe the complexity of cross-border payments is holding them back from this expansion.

YayPay, by offering bank debit as a payment option expects to help its customers to get paid faster, improve cash flow, and reduce payment costs. The integration plans to enable YayPay customers the flexibility of collecting recurring payments through bank debit.

“A growing number of our customers are seeking ways to expand their global reach by collecting invoice payments from customers in other parts of the world. By partnering with GoCardless and offering bank debit, we are empowering them to do this, while also addressing the payment options we make available to our own rapidly expanding list of customers worldwide. The GoCardless payment network is the ideal solution for addressing the international aspirations of our customers,” said Anthony Venus, CEO & Co-founder, YayPay.

“YayPay has continually leveraged innovation to increase their market presence in the accounts receivable software market. This partnership between YayPay and GoCardless is a further step in realizing the internationalization and expanding the global reach of YayPay’s customer base,” said Kevin Permenter, Research Manager at the International Data Corporation (IDC).

YayPay is among the vast U.S. businesses looking to expedite international growth through the use of bank debit. The company joins a growing number of SaaS-based businesses choosing GoCardless to power global payments.

“YayPay is a rapidly-growing business at the forefront of back-office automation and machine learning, and we are thrilled to be partnering with them to integrate the GoCardless network into their payment options. This partnership will expand the payment options offered through YayPay’s AR solutions and allow YayPay’s customers to operate in a way that’s truly borderless,” said Andrew “AG” Gilboy, General Manager, North America, at GoCardless.

Founded in 2015, YayPay is a venture-backed company at the forefront of back-office automation and machine learning. It’s accounts receivable management platform gives users the freedom to focus on: reducing DSO, deepening customer connections, accurately predicting cash flow and increasing revenue.

YayPay partners with GoCardless to expand its global reach

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