FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

With Recurly and TransferWise, GoCardless tackles cross-border payments

Rick MorganbyRick Morgan
November 8, 2019
in Payments, Strategy
Reading Time: 2 mins read
0
Share on Facebook

GoCardless is continuing its international push through new partnerships. This week, the company confirmed tie-ups with subscription billing platform Recurly and cross-border payments company TransferWise in an effort to take market share away from banks.

With TransferWise, GoCardless is allowing merchants to accept international payments on its direct debit payment platform. For example, an Australian software provider could collect funds from an American customer in American dollars and settle in Australian dollars, without having to set up an American bank account and transfer the funds internationally. Through Transferwise, customers save time and exchange fees, according to Pranav Sood, general manager of international expansion at GoCardless.

“When we look at the market for cross-border payments, we see a huge opportunity,” said Sood. “That market is still dominated by banks and traditional financial institutions.”

In addition, the Recurly partnership allows merchants on the Recurly platform to offer GoCardless’ direct debit option as a payment method. Recurly’s technology helps merchants onboard customers to subscription payments, along with billing and accounting services. Recurly also offers businesses personalized client insights. Recurly manages about 23 million subscriptions for its 2,500 merchant partners, with 30% of them collecting international payments, explained Sood. Recurly’s clients include Twitch, Showtime and Speedo.

See also: GoCardless launches direct debit option for US payers

GoCardless’ TransferWise feature is available in all markets. Recurly merchants in the U.S., the U.K. and Europe can use GoCardless for now, but the company hopes to expand that. The company charges merchants 1% of each transaction, but those prices are capped at £2 ($2.56).

GoCardless’ partnerships with TransferWise and Recurly are the latest in a series of moves by the company to expand its international customer base. In September, the company’s platform became available to payers in the U.S. GoCardless is now available in 30 markets around the globe. The company, which was founded in 2011, has raised $122 million in total. The company works with 40,000 businesses and processes $10 billion each year.

David Gyori, CEO of Banking Reports, recently told Bank Innovation that GoCardless faces competition in its efforts to acquire more corporate clients. He added that request-to-pay, where customers pay out of their bank account with biometric authentication, is among the offerings from other companies in the field.

Tags: GoCardlessPremiumTransferWise
Previous Post

First Internet Bank, Key, Grasshopper: Banks are facing talent shortages

Next Post

Weekly Wrap: Takeaways from Bank Innovation Build

Related Posts

Leveraging codeless architecture to improve successful merger integration
Strategy

COBOL modernization gets AI upgrade, but scale remains elusive

July 21, 2026
A Microsoft data center in Aldie, Virginia, US, on Tuesday, Oct. 28, 2025. Microsoft Corp. is scheduled to release earnings figures on October 29. Photographer: Lexi Critchett/Bloomberg
Strategy

Data centers on track to suck up a fifth of US power use by 2035

July 21, 2026
Strategy

BMO, IBM weigh in on agentic AI-quantum synergy

July 20, 2026
Next Post

Weekly Wrap: Takeaways from Bank Innovation Build

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account