Swedish account-to-account (A2A) payments fintech Zimpler has launched instant cross-border payouts, for both B2C and B2B payments.
The new feature will allow Zimpler’s customers to instantly send payments in Euros to all 20 eurozone countries via SEPA (Single Euro Payments Area), expanding its geographical coverage.
Nicolas Köllerstedt, chief growth officer at Zimpler, said this means it can provide both existing and new clients with instant cross-border payouts that are compliant with “the highest” anti-money laundering standards.
“Zimpler’s cross-border payouts launch marks a significant milestone for the company, establishing a truly pan-European presence,” he said.
“The feature has multiple use cases in segments Zimpler already operates in, such as lending, salary payouts or cashback.”
Zimpler offers SEPA payouts for merchants located in Austria, Germany, Denmark, Spain, Finland, France, Italy, Malta, The Netherlands, Portugal, Norway, Lithuania, Poland, Estonia, Latvia.
Joan Migioia, internationalisation manager at Zimpler, added that SEPA payout is “a highly sought-after solution” for businesses operating in Europe because it offers a cost-effective, swift and secure way of sending payments.
“Because it is standardised, businesses can use it to make payments in the same way across countries,” Migioia added.
“Furthermore, our API-based solution enables companies to seamlessly integrate payout functionality into their software systems, allowing for swift and streamlined processes such as salary payments, reimbursements, and lending transactions.
“As an A2A payments provider, currently expanding our reach into new markets and seeking to attract new clients, launching instant cross-border payouts was one of our priorities.”
Founded in 2012, Zimpler has offices in Sweden, Malta and Brazil.