- GoCardless teams up with Form3 for Bacs payment connectivity in the UK.
- Partnership aims to enhance operational resilience and support scaling.
What happened: GoCardless partners with Form3 to enhance Bacs payment connectivity in the UK
GoCardless, a leading bank payment company, has partnered with Form3, a cloud-native account-to-account (A2A) platform, to strengthen its Bacs payment connectivity in the UK. This collaboration will enable GoCardless to improve its operational and technical resilience, ensuring seamless service continuity as it scales its operations in the region.
Bacs, a widely used payment method in the UK, is known for its affordability and reliability. It is commonly used for payroll, supplier payments, and recurring transactions like subscriptions. By leveraging Form3’s advanced payment technology, GoCardless aims to enhance its ability to process high volumes of transactions efficiently. Form3’s platform also offers the potential for future connectivity to other payment schemes across the UK and Europe, supporting GoCardless’s growth and expansion plans.
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Why it’s important
The partnership between GoCardless and Form3 highlights the growing importance of robust payment infrastructure in the UK’s financial ecosystem. Bacs payments, a cornerstone of the UK’s payment landscape, are widely used for their cost-effectiveness and reliability, particularly for high-volume transactions.
This collaboration also reflects the increasing adoption of cloud-based payment solutions, which offer scalability and flexibility for businesses. Form3’s technology not only supports Bacs payments but also provides a foundation for future connectivity to other payment schemes.
