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May 11, 2015updated 04 Apr 2017 4:03pm

Sentenial launches cloud-based payment service

Sentenial, an Irish financial software vendor, has introduced a new service, called Nuapay, which offers businesses a non-bank alternative for payment processing.

By Verdict Staff

Sentenial, an Irish financial software vendor, has introduced a new service, called Nuapay, which offers businesses a non-bank alternative for payment processing.

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The launch follows a legislation introduced by the European Commission making it possible for non-banks to obtain a Payment Institution license.

Nuapay is a cloud-based payment service that will allow businesses to manage direct debit and credit transfer payments.

It has been designed for businesses that wish to start collecting direct debits for the first time or those who already process payments but now want a service at a better price.

Sentenial CEO Sean Fitzgerald said: "Regulation is usually a pain, but something great was buried deep in the EU’s Payments Services Directive which introduced SEPA. We spent ten years building best-in-class cloud based payments services for banks and businesses in Europe.

"Now we are making these great services directly available to all businesses, of every size, using our Payments Institution License. There is no need for a bank now."

Nuapay had processed payments across 34 European countries and manages payments worth billions of euro every month.

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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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