Ecommpay strengthens its position in the UK and EU by adding Bacs & SEPA Direct Debit capabilities

Leading international payment service provider and UK & Europe direct bank card acquirer Ecommpay has launched Direct Debit payments for UK and EU businesses in collaboration with bank payment company GoCardless. The strategic move allows Ecommpay to increase UK and EU market coverage by approximately 44% without cannibalising existing payment methods.

Direct Debit has seen a surge in popularity and consumer demand and is now one of the UK’s most popular and trusted ways to pay, with 80% of Brits having at least one to pay for their regular outgoings. According to a survey conducted by Ecommpay at the end of 2023, 54% of UK consumers used subscriptions during the pandemic, with 42% continuing to do so and 14% even increasing their usage. UK consumers have on average 1.6 active subscriptions, with 32% using one regularly and 30% using two.

In addition to evolving consumer payment preferences, businesses face challenges such as fraud prevention and reducing checkout abandonment rates. Recognising existing barriers and shifting end-consumer payment trends, Ecommpay has introduced Direct Debit payments as a proactive response.

The strategic partnership with GoCardless opens access for Ecommpay merchants to offer subscription-based payments across the UK and Europe, with improved acceptance rates and the security against fraud that comes with bank payments.