BNP Paribas & Numeral team to power payments companies in Europe

By Gloria Methri

BNP Paribas and Numeral have partnered to enable payment companies to seamlessly embed SEPA and local payments into their products, become SEPA participants, and optimise their payment operations at scale.

WorldFirst, a one-stop digital payment and financial services platform for global businesses, will benefit from the partnership to reinforce its SEPA infrastructures in Europe.

Marc Espagnon, head of payments and cash management division, France, at BNP Paribas, said, “We have ambitions to support global and European FinTech leaders in addressing the European market and helping the future champions emerge. As Europe’s leading bank, BNP Paribas offers the pan-European payment, treasury, and account solutions to do so. This strategic partnership with Numeral enables us to distribute these services more efficiently to our customers.”

This partnership allows joint customers to easily access the bank’s services through Numeral’s single API and dashboard.

“Banks are critical to FinTechs’ success, as they provide access to payment schemes, accounts and additional financial services that are core to their offerings. Partnering with BNP Paribas gives our joint customers access to one of the biggest catalogues of services and the strongest expertise to scale in Europe,” said Édouard Mandon, co-founder and CEO at Numeral. “Numeral aggregates BNP Paribas best-in-class solutions into a single cloud-native, API-first platform from which joint customers can automate their payment operations across Europe.”

Through this partnership, joint clients can access SEPA, including SEPA instant and Polish, Nordic, and Swiss payment schemes, access their BNP Paribas account information in real-time, and automate treasury payments to optimise their safeguarding operations.

Europe is a key region for both WorldFirst and a leading sponsor bank. To best serve its European customers, the company wanted to become a SEPA participant while relying on a leading sponsor bank. This partnership will enable WorldFirst to benefit from Europe’s largest bank’s expertise and products while expediting integration and onboarding efforts.