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Gala Technology Unveils New Product to Revolutionise Payments by Partnering with Nuapay

Gala Technolgy Unveils New Product to Revolutionise Payments by Partnering with Nuapay

Link-Pay-Bank enables businesses to reduce fraud risks, cut costs, and access cash flow in less than 10 seconds through the latest open banking technologies.

Gala Technology and Nuapay (EML Payments Limited’s (ASX: EML) Open Banking business) have joined forces as pioneers in payment technology to launch Link-Pay-Bank, a ground-breaking instant bank payment solution. This market-leading product creates a seamless, instant experience for both the consumer and the merchant, leveraging the smarts of both SOTpay and Nuapay technologies. The result - a comprehensive package addressing the convergence of physical and digital channels for businesses.

SOTpay’s Link-Pay-Bank solution taps into the latest open banking technology to enable fast and secure verified payments that can be carried out via phone, email, SMS, web chat, or social media platforms.

’‘We’re so excited by the innovative customer-led solution that SOTpay has been able to create utilising the latest in our open banking payments technology. The launch of Link-Pay-Bank is a great example of how advanced payment technologies improve both the merchant and end-user experience,“ said Dawn Beeby, Nuapay.

“This partnership represents a significant milestone for us. As open banking gains traction and the demand for digital payment solutions grows, we believe Link-Pay-Bank is perfectly poised to transform the payment industry for all parties,” added Jason Mace, CEO, Gala Technology.

Link-Pay-Bank offers:

• Real-time payments, with transactions processed instantly and seamlessly
• Enhanced security with open banking APIs verifies compliant transactions
• Unrivalled convenience, allowing customers to make payments anytime, anywhere, with fewer clicks than traditional methods

About EML Payments and Nuapay Wherever money is in motion, EML Payments helps businesses create awesome payments experiences for their customers. Our technology powers the payments process, moving

money quickly, conveniently and securely while our programme management expertise creates superior configurable, feature-rich payments solutions.

Nuapay is EML Payments’ market-leading Open Banking business. Direct Debit, Credit Transfers and Instant Payment products are also available through one single ‘bank-grade’ platform, easily accessible through industry-leading APIs. Businesses and their customers benefit from the immediacy of Open Banking and account-2-account payments and can save time, money and resources at every turn. This is payments as it should be.

About SOTpay: SOTpay is a UK-based payment technology provider specialising in secure payment solutions for businesses. With a focus on innovation and security, SOTpay helps businesses improve their payment processes and reduce payment fraud.

This was posted in Bdaily's Members' News section by James Lead .