Vacuumlabs teams with GPS for mobile, digital payments

Register now

Digital financial services provider Vacuumlabs is partnering with Global Processing Services to boost mobile app-based and e-wallet features for businesses of all sizes.

London-based Vacuumlabs will develop software to support the development of brands and companies to help them keep pace with changing technology in financial services.

GPS, which has been the payment processor for digital banks Revolut, Starling Bank and Curve, is able to support the growth of fintechs, challenger banks and e-wallet providers through fully scaled global offerings.

"GPS is one of the most prestigious and well-established global payment solutions," Tom Clementson, group of fintech at Vacuumlabs, said in a Monday press release. "At Vacuumlabs, we're excited to have the opportunity to support an industry lead and continue our mutual mission of building an ecosystem that drives innovation and digital transformation."

Most recently, Vacuumlabs has been involved in implementing a next-generation digital bank through the Thought Machine project in Asia, and also innovating for inclusion by working with Visa, while GPS became a processing partner, for Daylight, the first LGBT digital banking platform in the U.S.

“Vacuumlabs has a proven history of working with leading fintechs, so it is a natural fit to be partnering with them, especially with our combined interests in enabling innovative solutions," Joanne Dewar, CEO at GPS, said in the release. "Vacuumlabs is a trusted development partner which will allow GPS to increase our existing technical capabilities and further advance our mission of enabling financial empowerment for everyone.”

For reprint and licensing requests for this article, click here.
Digital payments Fintech
MORE FROM PAYMENTSSOURCE