Ecommpay, an International Payment Service Provider and UK and Europe Direct Bank Card Acquirer, has rolled out Direct Debit payments for
businesses operating in the UK and EU. This strategic initiative, undertaken in
collaboration with GoCardless, a bank payment company, is poised to expand
Ecommpay’s market reach by an estimated 44%, all while preserving existing
payment methods.

Direct Debit has witnessed a remarkable surge in popularity
among consumers, emerging as a trusted and widely used payment option in the
UK. Recent data indicates that a staggering 80% of Britons rely on Direct Debit
for their routine expenditure. Furthermore, insights gleaned from a survey
conducted by Ecommpay at the close of 2023 underscore the prevalence of
subscription-based services among UK consumers, with 54% embracing such
services during the pandemic and a significant portion continuing to do so post-pandemic.

Arthur Ribakovs, the Head of Financial Partnerships at Ecommpay, said: “The addition of Direct Debit capabilities further expands
Ecommpay’s already extensive portfolio, including global card acquiring, Open
Banking: Advanced, and 100+ local payment methods via a single integration.
With a full-stack proprietary ecosystem that ensures 99.999% uptime and
around-the-clock business and IT support, Ecommpay is not only strengthening
its presence in the UK and Europe, but continues to improve its offering for
FinTech and e-commerce merchants.”

In light of evolving consumer payment preferences and the
pressing need for businesses to address challenges such as fraud prevention and
cart abandonment rates, Ecommpay
has responded proactively by introducing Direct Debit payments
Payments

One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl

One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
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