Global Processing Services teams up with sync. ahead of latter’s European launch

Global Processing Services teams up with sync. ahead of latter’s European launch
16.07.2020 12:01 pm

Global Processing Services teams up with sync. ahead of latter’s European launch

Payments

Global Processing Services (GPS) has today announced that it has partnered with London-based fintech, sync., to power the payments processing function of sync.’s debit cards.

sync.’s smart payments service will support multi-currency current accounts that allow for seamless currency conversions, instant user-to-user transfers, national and international bank transfers, and real-time tracking. Users will be able to open accounts in the currency of their choice, transferring and spending funds in more than 30 currencies, and aggregating all of their external financial bank accounts in one app.

sync.’s goal is to make the process of managing money easy for consumers. By harnessing the power of Open Banking and strategic partners such as GPS, sync. will help consolidate users’ financial lives by enabling the management of various financial products - from current and savings accounts, to credit cards and mortgages - in one place, simplifying financial management for the consumer like never before. 

GPS will work with sync. as its payments processor by providing connectivity to the payments ecosystem, including the Scheme and the card bureau, and allowing users to spend money at home and abroad. GPS is the trusted and proven go-to payments processing partner, renowned for being the engine that powers the European challenger bank sector. The partnership will allow sync. to successfully launch and scale in the UK and Europe.

Joanne Dewar, CEO of GPS, said: “GPS is excited to support the launch of sync. in the UK. As The PayTech PioneerTM, GPS prides itself in working with innovative UK brands such as sync. to continue to push the world of financial services into the future. sync. offers a unique app that harnesses the true benefits of Open Banking, and we strongly believe that it will lead the new wave of challengers seeking to disrupt the status quo.”

Commenting on the partnership, Ricky Lee, founder and CEO of sync. who was responsible for architecting and designing apps for leading banks and a FinTech ‘unicorn’, said: “At sync., we believe everyone should have quick, easy and universal access to cost-effective financial services.”

“We chose to partner with GPS due to their expertise in an ever-evolving industry and, most importantly, its shared willingness to drive innovation in the financial sector. Working with GPS will ensure we are pushing the boundaries and allowing all UK and European residents to experience a new way to manage their finances,” he concluded.

Related News

PayNearby announces partnership with Sub-K Impact Solutions; enables access to loan repayment options through its retail network

India’s largest agent banking platform, PayNearby is happy to formally announce its partnership with Sub-K Impact Solutions Ltd (Sub-K), a leading player facilitating loans,... Read more »

Banking Circle secures five finalist places at 2020 Emerging Payments Awards

Banking Circle, the financial infrastructure provider to Payments businesses and Banks has secured 5 finalist slots in the 2020 Emerging Payments Awards.... Read more »

Starling, TranSwap and Remitr among first wave to sign up to Currencycloud Spark

New solution provides global multi-currency accounts to Fintechs and FIs

Read more »

Tinkoff launches charitable scheme ‘Cashback to Give Back’

Tinkoff is happy to announce the launch of its new charitable scheme Cashback to Give Back. The aim of the project is to help get... Read more »

PPRO announces 85% volume growth despite pandemic, accelerates plans with new investment from Sprints and Citi

PPRO, the world’s leading local payments platform-as-a-service, reports today an 85% increase in transaction volume from last year, highlighting the... Read more »

Absa ARO Completes Fully Virtual Implementation as It Moves to Fiserv for Card Management and Processing Across Nine African Nations

Fiserv, Inc. (NASDAQ: FISV) a leading global provider of payments and financial services technology, today announced that... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel