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Zimpler institutes instant cross-border payouts

Source: Zimpler

Zimpler, a fintech company providing seamless and secure account-to-account (A2A) payment solutions, announced today the launch of instant cross-border payouts.

The feature will allow Zimpler’s customers to instantly send Euros to all 20 Eurozone countries through SEPA (Single Euro Payments Area), with no hidden fees or complex administrative work.

SEPA was created to streamline and simplify euro-denominated electronic payments across Europe, making them safer, quicker, and simpler, enabling businesses to avoid using conventional methods like checks or wire transfers by sending payments straight to a recipient's bank account. By offering a larger geographical coverage, Zimpler will now be able to cater to more European merchants. The solution will be available both for B2C and B2B clients.

Nicolas Köllerstedt, Chief Growth Officer at Zimpler, said: “We are thrilled to expand our offerings and provide both existing and new clients with instant, safe, and cost-effective 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. The feature has multiple use cases in segments Zimpler already operates in such as lending, salary payouts or cashback. It is exciting to see Zimpler continue to expand and build momentum from the successful B2B payments and the paylink product launch of last year.”

Joan Migioia, Internationalisation Manager at Zimpler, said: “We recognize that SEPA payout is a highly sought-after solution for businesses operating in Europe as 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. 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. I am looking forward to seeing how this addition will allow us to drive Zimpler forward.”

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