Banking payments firm GoCardless will enhance its Open Banking capabilities after being named a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS).
The ‘one-stop-shop’ enables GoCardless to access account information services and payment initiation services issued by all UK public sector bodies that use DPS, unlocking new Open Banking avenues through extensive datasets.
These include central government departments and wider public sector bodies, such as local authorities, education institutions, not-for-profit and charitable organisations.
Pat Phelan, Managing Director of UK&I and Chief Customer Officer at GoCardless, said: “GoCardless and open banking go hand-in-hand. From taking the first VRP transaction in 2018 to advocating for our customers in industry and regulatory working groups today, we’ve always been trailblazers in this space.
“We’re excited for the opportunity to bring the benefits of open banking to millions of businesses and consumers using government services, and to continue being the provider of choice in the charity sector.”
Joining the DPS will help GoCardless unlock new strategic opportunities and deepen its footprint in the charity sector, where it already serves names such as JustGiving and Comic Relief.
CCS estimates that the DPS will generate a sales pipeline worth as much as £800m over the next eight years.
The news is the latest Open Banking milestone for GoCardless, which earlier this year became the payment provider for JustGiving. In 2023, credit card provider Yonder and ethical lender Plend, amongst others, selected GoCardless for Variable Recurring Payments (VRP).
