payabl. taps Zimpler to accelerate instant payment transfers

By Gloria Methri

European PayTech payabl. has announced its partnership with Zimpler, a company in instant bank payment solutions, with one of the highest bank coverages in the Nordics.

With the new direct integration to Zimpler, payabl.’s merchants can now offer customers the option to pay via instant bank transfers at checkout. Zimpler initiates A2A payments using Open Banking APIs, which removes intermediaries and results in faster and more cost-effective transactions for merchants.

Fully licensed and authorised by the Swedish Financial Supervisory Authority and the European Payment Institutions Federation, Zimpler connects companies with over 350 million customer bank accounts in 25 markets across two continents, with a strong presence in Sweden, Finland, Estonia, and Denmark. It utilises

payabl. is an authorised Electronic Money Institution by the Financial Conduct Authority in the UK and by the Central Bank of Cyprus in the European Union. Established in 2011, with offices in London, Frankfurt, Amsterdam, and Limassol, it now serves over 500 merchants across Europe and the UK.

“Instant payments are surging in popularity worldwide and are set to become the norm in the next couple of years. Payments providers like Zimpler and ourselves have contributed greatly to making instant payments available to merchants and consumers. We’re proud of our new partnership, which will expand our reach even further,” said Igor Skachkov, CPO at payabl. “We look forward to working with the team at Zimpler to help merchants across the world access better payment solutions and offer consumers more choice at checkout.”

“We are excited to offer access to efficient, secure, and fast payments to payabl.’s customer base,” says Zimpler’s CEO, Johan Strand. “Our passion lies in democratising access to best-in-class payment services for businesses with complex payment needs and high standards. Being available on payabl.’s platform allows us to reach companies more quickly where our solutions can make a significant impact.”