November 7, 2019Blog Posts

GoCardless partners with TransferWise to bring low-cost currency conversion to recurring payments

TechCrunch

GoCardless, the London fintech that makes it easy for businesses to offer recurring bank payments, has partnered with TransferWise for its currency exchange.

The move sees GoCardless utilize the TransferWise API and the money transfer company’s “TransferWise for Business” product, and in turn, provide TransferWise’s FX rates to its own customers.

More broadly, the partnership furthers GoCardless’ mission to become a one-stop shop globally for businesses that want to let customers pay via recurring bank payments, known as Direct Debits in the U.K.

To date, GoCardless is used by more than 50,000 businesses worldwide, spanning multinational corporations to SMBs. GoCardless says it processes $13 billion of payments across more than 30 countries each year. Along with its U.K. HQ, the company has offices in France, Australia, Germany and (most recently) the U.S.

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