GoCardless, a payment company, acquired Sentenial Ltd., operating under the Nuapay brand from EML Payments Ltd. The company plans to integrate Nuapay into its banking payments platform to expand its services to other areas such as payroll, financial services, utilities, insurance, gaming and gambling, according to a press release.

Businesses can use GoCardless for disbursements and payment collection via direct debit and open banking.

"How the world pays and gets paid is being transformed, with account-to-account payments and open banking playing the central role in that shift. Building on that shared vision, this acquisition will result in a combined organization with deep domestic and international payments and open banking expertise plus the scale to harness these opportunities for our clients and partners," Brian Hanrahan, co-founder and CEO of Nuapay, said in the release.

"Nuapay is an established account-to-account payment provider and open banking specialist with a blue-chip customer base. Its business is perfectly aligned to our growth strategy and will accelerate our vision to become the world's bank payment network," Hiroki Takeuchi, co-founder and CEO of GoCardless, said in the release.

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