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Aryza expands partnership with GoCardless to include open banking payments and new markets

November 26, 2024

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:
https://gocardless.com/blog/aryza-expands-partnership-with-gocardless-to-include-open-banking-payments-and-new-markets/

Aryza Group, a leading provider of financial software solutions, announces the expansion of its partnership with GoCardless, a global bank payment company. The contract builds on a two-year relationship and will see additional GoCardless solutions built directly into Aryza’s platform.

As part of the new agreement, Aryza will integrate GoCardless' open banking-powered payment feature, Instant Bank Pay (IBP), into its loan and lease management software, Aryza Lend, in 2025 with plans for broader integration across other product lines. This initiative gives Aryza customers even more choice, providing merchants with an effective alternative for instant, one-off payments while reducing the costs associated with traditional card transactions.

Additionally, Aryza's merchants will benefit from Success+ to recover failed payments, elevating the customer experience. Success+, which recovers two-thirds of failed payments on average, applies machine learning to data from the millions of transactions GoCardless processes each year to intelligently identify the best time for payment retries.

These enhancements are further examples of Aryza's commitment to innovation and responsiveness to market demands.

From a market perspective, Aryza will extend GoCardless' capabilities beyond the UK and Ireland, rolling out the fintech’s Direct Debit and IBP solutions across Europe, Australia, New Zealand, and North America.

Tom Metcalfe, Director, UK&I Partnerships at GoCardless, said: “We’re excited to scale our reach in the banking and lending space through this expanded relationship with Aryza. With effective ways to drive top-line growth while keeping costs down, bank payments are the perfect partner for this sector and we can’t wait to bring the benefits to even more businesses.”

Martin Prigent, Group Director of Partnerships & Key Customer Relationships at Aryza, said: “Our partnership with GoCardless marks a significant step forward in enhancing our payment capabilities. By integrating GoCardless' cutting-edge technology, we are excited to offer our clients a seamless payment experience that not only meets their current needs but also positions us for future growth across our global markets.”

GoCardless now partners with more than 350 partners, allowing businesses to seamlessly integrate bank payments into the platforms they use everyday.

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