Zuora and GoCardless Expand Partnership to Revolutionize Global Subscription Payments

Zuora, Inc. (NYSE: ZUO), the leading subscription management platform provider, today announced an expanded global partnership and new product integration with GoCardless to help companies across more than 30 countries, including the U.S., U.K., Europe, Australia, New Zealand and Canada process recurring payments faster and reduce payment-related costs and customer churn. 

Subscription Businesses Remain Resilient Amid COVID-19

Zuora today released the newest edition of its Subscription Impact Report designed to measure the economic impact of COVID-19 on subscription businesses from March 1 – May 31, 2020 compared to the previous 12 months (February 2019-February 2020). The report, analyzing both subscriber acquisition rates and average revenue per subscriber, compares Software and High Tech, Media, Consumer Membership and Internet of Things industry segments. 

Banking on the Subscription Economy: Consumer demands drive the shift to services from their banks

Zuora® today unveiled research with CitizenMe about a striking shift in consumer sentiment towards banking services. Nearly half (44%) of consumers would consider switching to banks on a subscription basis in return for personalised service bundles. This is significant in that over one-third (35%) of all UK consumers have never switched their bank. A standardised package isn’t enough to entice change, instead they want tailored offers and 60% of consumers will allow analysis of their purchasing data to get this.