Embedded Payments Infrastructure Company Grow It has acquired an account-to-account (A2A) payment infrastructure provider. Doula.
The deal, announced on Tuesday (May 19), combines NMI’s back-end payment acceptance, channel distribution, onboarding and merchant lifecycle management with Dwolla’s capabilities in account-to-account infrastructure, real-time payments and Open banking.
“This acquisition is a continuation of our strategy to build the strongest white-label integrated payments platform for our channel and enterprise partners.” Steve PeinadoNMI’s CEO said in a press release provided to PYMNTS.
“Dwolla gives us a modern, API-first A2A infrastructure that enhances our ability to help businesses accept, manage, and move money across more use cases and more rails. It also gives NMI a stronger foundation for participating in the next generation of money movement, including agent payments and settlement powered by stablecoins, remittances, and other emerging payment models.”
The statement noted that A2A payments are enjoying greater momentum around the world as businesses and consumers seek faster and more flexible ways to move money. NMI cited research showing that the value of global A2A transactions will reach $195 trillion by 2030, up from $91.5 trillion last year, driven in part by continued growth in Real time payment Systems.
While this is happening, companies that… Include payments In their products, they face increasing pressure to support more bars, faster payouts and greater visibility, he said Dave GlaserCEO of Dwolla.
Advertisement: Scroll to continue
“Dwolla is designed to help businesses power bank payments at scale through an API-first infrastructure layer that unifies ACH and rails in real-time with status consolidation, exception handling, and reporting,” Glaser added.
“By joining NMI, we can bring these capabilities to a broader ecosystem of partners, while giving Dwolla customers access to NMI’s omni-channel payment acceptance capabilities, through one flexible, white-label platform.”
The statement added that NMI will continue to support existing Dwolla customers and partners as it integrates Dwolla’s capabilities into its platform. About 60 Dwolla employees will join NMI and Glaser will become the company’s chief operating officer.
PYMNTS CEO Karen Webster spoke with NMI’s Pinado last year about the company’s role as a “Enable” for embedded payments “Across the board,” allowing partners to choose the functionality they need while NMI handles the “plumbing” of the payments infrastructure.
Peñado also discussed the increasing role of artificial intelligence (AI) in improving operations and customer experience.
“We’re going to be heavy users of AI in every way possible in every function of the company,” he said, adding: “If you don’t leverage it and deploy it in a really focused way within your business, it’s a threat.”
