Frankfurt, Germany – 26 June 2024 – payabl., one of Europe’s leading PayTech companies, today announced its membership with the Payments Association EU (PA EU). This move underscores payabl.’s expansive growth across mainland Europe and its commitment to providing merchants across the continent with instant and transparent payments.
The PA EU serves as a premium forum for decision-makers in the payments industry. Its members include businesses from across the 27 countries of the European Union. The PA EU is an extension of its London-based sister organisation, The Payments Association (TPA), which has 150 members from various areas of the payments industry, such as payment schemes, banks, issuers, merchant acquirers, PSPs, and retailers.
Together, PA members handle over €6 trillion in transactions annually and employ more than 300,000 people, having a significant influence over the future of the industry.
As a member of the Payments Association EU, payabl. will collaborate with other industry leaders to shape the future of payments in Europe. This membership will enable payabl. to stay at the forefront of industry trends, participate in influential discussions, and contribute to the development of new standards and best practices.
“As we continue to grow across Europe, we recognise the importance of building closer relationships with our customers, our partners and the wider industry,” said Ugne Buraciene, Group CEO of payabl. “Demand for instant and transparent payment solutions, coupled with superior customer care, is on the rise across the continent and we aim to help merchants everywhere meet this need.
“This membership aligns with our vision to drive innovation and the growth of the digital economy in Europe. We look forward to collaborating with fellow members to advance the industry and deliver exceptional value to our merchants,” she continued.
“We are very happy to welcome payabl. As a member of our European payments community. Our industry is ever-evolving, and Ugne and her great team recognise the power of cooperation and driving innovation on a European level. Their payment solutions unlock new value and enhance every merchant’s payments experience. We look forward to working on joint projects and events,” Janine Kaiser, CCO of The Payments Association EU, says.
payabl. has been experiencing strong growth in mainland Europe, with a focus on providing seamless, secure, and efficient payment solutions to merchants across the continent. The company's innovative approach and commitment to excellence have positioned it as a trusted partner for businesses seeking to optimise their payment processes and enhance customer experiences. payabl. opened a new office in Amsterdam in 2023, and its tech hub in Frankfurt, Germany has doubled its headcount since 2019.