By introducing the Nuapay service, Worldpay’s merchants will be able to access a service for managing direct debits across Europe. Nuapay can be used for handling recurring payments driven by the expanding subscription-economy.
According to the press release, direct debit payment decline rates for Worldpay’s customers trading in Europe have improved by 50% since introducing the service.
The new partnership opens additional market opportunities in ecommerce, in industries such as insurance, energy and telecommunications, which have traditionally relied upon direct debit payments.
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