Airwallex, recognised as a global payments and financial platform for modern businesses, has formed a strategic partnership with GoCardless, a leader in direct debit solutions.
This collaboration aims to enhance Airwallex’s direct debit services across several key markets.
The partnership primarily focuses on enabling Airwallex to integrate direct debit as a payment method for its customers, facilitating their expansion into new business verticals and applications.
Airwallex has already initiated the service in the UK and plans to expand it to European markets shortly. .
This partnership arrives at a critical time as direct debit remains a preferred payment method, especially within the booming subscription economy.
GoCardless has conducted research indicating that payment service providers must innovate continually to remain competitive and enhance customer retention. Notably, 31% of businesses expressed willingness to pay more for a broader selection of payment methods, and 35% desired their providers to offer direct debit options.
Justin Leung, Financial Partnerships Manager at Airwallex, commented: “Businesses of all sizes are looking at how they can adapt to evolving customer needs — and payments are no exception. With direct debit continuing to be a trusted and popular way to pay, especially with the rise of the subscription economy, we felt it was the perfect time to strengthen our offering so that our customers can better serve theirs. By working with GoCardless we were able to quickly provide this option through one simple integration.”
Deepak Colluru, Director of Product Management for GoCardless Embed, stated: “We’re excited to work with Airwallex to bring the best of direct debit to its customers. With fewer intermediaries, they are cheaper than cards and in many cases more reliable too, without expiry dates or lost payment details.
“It’s a win-win for us to partner with Airwallex. We’re proud to add to their bank payment offering through Embed, giving them access to a global network in a matter of weeks, while at the same time reaching thousands of new merchants through their platform.”
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