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April 1, 2021

daVinci Payments, North Lane merge to create unified payments brand

daVinci Payments and North Lane Technologies have announced the creation of a single unified payments brand following the completion of a previously announced merger.

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The new brand name, Onbe, is derived from the words ‘on behalf’.

Onbe is based in Chicago and Philadelphia, and will leverage the combined strengths of the legacy companies to bolster its footprint in the payment ecosystem.

According to the company website, the company’s payment options will include Onbe Digital, Onbe Classic and Onbe Global.

The payment options will be available across 200 countries and nine currencies.

Onbe’s chairman and interim CEO Juli Spottiswood said: “Innovation, co-creation and service are at the heart of everything we do.

“We’re passionate about ensuring that our products not only meet our customers’ goals, but far exceed them.

“By combining both daVinci and North Lane’s unmatched teams of payments experts, Onbe is positioned to elevate its industry leadership and capture the massive global opportunity in digital payments.”

In October last year, daVinci Payments and North Lane Technologies, formerly Wirecard North America, announced their plans to combine their businesses to form a premier payment company.

The merger was finalised in December 2020. However, the financial details of the transaction were not divulged.

After the merger concluded, erstwhile daVinci CEO David Josephs said: “The future of payments is digital, global and seamless, and we are prepared and focused on delivering the most relevant experiences to ensure that people are paid when, where and how they want to be paid with the benefit of greater scale.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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