PayDo introduces a capability for embedded finance.

Leading electronic money institution (EMI) PayDo is working to advance online and mobile banking. An embedded finance capability for SEPA, SEPA Instant, FPS, and SWIFT transactions will be introduced.

Madilyn Swift

April 09, 2024

1Min Read

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Payments

Financial flexibility and international connectivity are more important than ever. PayDo's transition to embedded finance is revolutionary for both corporate and individual customers.

PayDo wants to make international payments better. By granting access to SEPA, SEPA Instant, and SWIFT transactions, it will do this. Additionally, PayDo's clients will be able to use APIs to incorporate these payments straight into their products. Transfers in euros and pounds sterling will become more dependable and swift as a result.

The following are the main advantages of utilizing an embedded finance function for SEPA, SEPA Instant, and SWIFT:

- providing API access to the SWIFT and SEPA networks. PayDo users get access to major payment networks using APIs. Transactions become more effective and swifter as a result.

- Ancreased Offerings in Currencies. PayDo broadens its customer base by incorporating transactions in Euro and Pound Sterling.

- Increased Monetary Flexibility. Owners of PayDo Business Accounts have extensive control over their foreign transactions. They gain from competitive rates and real-time processing.

PayDo's Head of Operations, Alexander Persidsky, said the following when considering such a strategic move: "Beginning this journey with embedded finance is a huge step for PayDo and our customers." We have direct SEPA and SWIFT integration. As a result, we're changing the strategy for international payments rather than merely introducing new services."