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Paytech’s company, GoCardless, will acquire Nordigen, a freemium open banking data provider in Latvia.
Go Cardless to acquire Nordigen
GoCardless claims to leverage Nordigen’s open banking connectivity to provide Europe’s “widest” coverage to more than 2,300 banks in 31 countries.
Hiroki Takeuchi, co-founder and CEO of GoCardless, said the acquisition would take the company to the “next level” and “provide open banking as a service to all developers, partners and fintechs.” I am saying.
“We believe that this open access will lead to experiments and create even more compelling use cases.”
The contract is expected to close in the second half of summer. Further terms for the acquisition have not been disclosed.
GoCardless has recently been pushing for an open banking strategy, tipping it into a market worth “more than $ 400 billion.”
“Early recognizing that this technology will drive banking payments over the next few decades, we will accelerate our open banking efforts as part of our vision to build a global banking payments network in the last 18 months. “Takeuchi Manufacturing added.
Most recently, GoCardless has launched two open banking solutions in Germany, Instant Bank Pay and Verified Mandates.
