Aryza adopts the 'Instant Bank Pay' feature from GoCardless in their system.
In an exciting development, the Aryza Group and GoCardless have announced an expanded partnership aimed at scaling their reach in the banking and lending space. This expansion builds on a two-year collaboration between the two companies.
The partnership will see Aryza integrate Open Banking payments into its loan and lease management software, 'Aryza Lend', from 2025. Martin Prigent, Group Director of Partnerships and Key Customer Relationships at Aryza, expressed his excitement about the integration, stating that they are thrilled to incorporate GoCardless' technology for a seamless payment experience.
Aryza's merchants will particularly benefit from GoCardless' 'Success+' solution, which recovers an average of two-thirds of failed payments. The recovery rate is achieved through the application of machine learning to data from the transactions GoCardless processes each year. The solution identifies the best time for payment "retries", ensuring a higher success rate for transactions.
In addition to the UK, where the partnership already exists, Aryza Group plans to add Germany, the Netherlands, and other regions in the coming months. The aim is to integrate GoCardless' direct debit and instant banking payment system, 'Instant Bank Pay', into their products across these regions.
This integration is expected to meet current needs and position Aryza for future growth across global markets. Tom Metcalfe, Director of UK&I Partnerships at GoCardless, expressed his enthusiasm, stating that the company aims to bring the benefits of its technology to even more businesses through this expanded partnership with Aryza.
Furthermore, Aryza Group has expressed its intention to integrate GoCardless' Open Banking payment feature more broadly across other product lines. This move is expected to further enhance the payment solutions offered by Aryza Group and provide a more comprehensive service to its merchants.
The expanded partnership between Aryza Group and GoCardless is a significant step forward in the financial technology industry. By leveraging each other's strengths, both companies aim to deliver innovative and seamless payment solutions to businesses worldwide.
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