payabl. Launches Payment Accounts to Streamline Financial Operations for Businesses

Payments
10.09.2024 09:15 am

payabl., a leading European financial services provider, today announced the launch of its Payment Accounts, a cloud-based, API-first solution designed to help businesses of all sizes manage their day-to-day payment needs within a single easy-to-use platform.

As businesses expand internationally, they encounter challenges such as high currency conversion costs, foreign exchange risks, and the complexity of managing multiple bank accounts.

payabl.'s Payment Accounts directly address these issues, enabling businesses to hold, convert, and transact in multiple currencies – including EUR, USD, and GBP – while facilitating seamless cross-border transfers via SEPA, SEPA Instant, and SWIFT. Developed by payabl.’s in-house tech team in Frankfurt, this solution aims to reduce transaction fees, expedite international payments, and simplify cash flow management.

As a trusted acquirer with nearly 15 years of industry experience, payabl.’s mission has always been to deliver future-proofed payments solutions and exceptional customer satisfaction. The introduction of the Payment Accounts is a natural extension of this commitment, offering businesses a streamlined, efficient solution for all their payment needs.

Mariana Vorobeva, Owner of Flower O'Clock said: "Managing our finances used to be a time-consuming process, especially when it came to paying suppliers and keeping track of different accounts. With payabl.’s multi-currency account, especially when coupled with their POS system, we've been able to consolidate everything into one platform, making it much easier to manage our cash flow and payments. The fast onboarding and instant settlements mean we can focus more on running our business rather than worrying about payments delays. It's been a significant improvement for our operations."

Ayse Moudourou, payabl.’s Head of Banking said: “As an omnichannel financial solutions provider, our objective is to address the diverse needs of our customers comprehensively, and in the fast-paced industries we serve, efficient and responsive payment solutions are essential. With our deep understanding of our customers’ payment flows, we’ve been able to design a product that meets their demands more swiftly and effectively than traditional banking methods. This launch enables us to offer a solution that is not only tailored to their needs but also enhances their ability to operate in a rapidly evolving market.”