The global payments market was valued at $2.64 trillion in 2023, and it’s now anticipated to grow at a compound annual growth rate (CAGR) of 10.5% through to 2029, reaching $4.78 trillion.
Managing thousands, or even millions, of daily transactions can take its toll, especially without a reliable payment account solution in place. During your most business-critical moments, you need a provider that won’t leave you stranded when you need them the most.
The good news is that payabl. has your back.
A new proposition to overcome payments pain points
Whilst the global payments scene is a huge, exciting market – and a catalyst for economic growth – it’s also a complex landscape filled with challenges and currency fluctuations. Modern merchants therefore need the right tools to thrive.
This is where payabl.’s specialised Payments Accounts product comes in, providing you with optimised payment accounts that will supercharge your growth.
It offers you a range of convenient features, all of which make it much easier to do business abroad. You’ll be able to better respond to fluctuating exchange rates caused by economic volatility by simply exchanging one currency for another, and by leveraging a single platform to manage global currencies, your business can expand into new regions with greater ease.
All of our considerable experience has gone into this new product so that we can overcome the prominent payments pain points and offer a brighter future for our merchants’ business networks around the world.
We know time is money, so we’ll process your transactions at lightning speed. We also know that many payments providers in the market lack personalised customer service or customer care, so we promise that you’ll also get a dedicated account manager for when you need to talk to someone as well as access to ongoing technical support.
Our team cuts through the noise with clarity and honesty, never resorting to hidden fees or confusing industry jargon. And we protect your peace of mind with advanced security protocols and multi-signature services.
One payments platform that offers full line of sight
Our Payments Accounts product is presented via an innovative cloud-based platform that provides you with easy access to the infrastructure and payment accounts that you need the most.
This will help you to streamline your payment processes and unlock new efficiencies. Here’s a breakdown of the key features.
- Benefit from one account, multiple IBANs. Simplify your payments experience with multiple IBANs connected to one, single account.
- Conduct international business with confidence with multi-currency accounts. If you’re expanding internationally, you’ll require a payments solution with international payment capabilities, enabling you to access funds and make transactions in different currencies and countries. With payabl., you can manage, transact, and convert in multiple currencies instantly without hassle and at more competitive rates.
- Enjoy efficient payments through access to all payment schemes. Merchants will often find their bank transfers to suppliers and partners across Europe are taking a long time to reach them, or that they have little visibility over payments. We participate in all the major payments schemes, so whether it’s SWIFT, SEPA, or SEPA instant, you’ll be able to engage in local and global transactions effortlessly.
- Get reassurance from multi-signature services. As you grow your business, you’ll need to provide your business bank account details to more members of your accounting team. It’s only natural to worry about access levels, controls, and security parameters that are in place.
We add an extra layer of security with transactions that require multiple authorisations. This significantly reduces the risk of fraud or manual error. It also removes a hefty burden from busy high-level executives, because with the correct signature rights they can simply log in and approve payments directly.
- Receive industry-leading risk management. With payabl., you can leverage best-in-class risk management and anti-fraud technologies that use artificial intelligence (AI) and machine learning to fortify your defences amidst rising levels of cybercrime.
- Take advantage of embedded finance and API integration. The embedded finance market is estimated to now be worth around $115 billion, and it’s generating a lot of excitement for the world’s merchants, given the new possibilities on offer.
You can now integrate our high-quality services directly into your existing systems using embedded products and APIs. Embedded real-time conversion tools, for example, can help you to shuffle your funds around and act quickly to support any global or urgent payments.
- Shift the dial with streamlined reporting. Each year, you may be spending a lot of your time going through audit requests for your bank accounts. This can be very stressful, and especially so when there are data discrepancies between your accounting system and your bank’s reports.
With payabl., you’ll be able to bypass these worries and quickly generate detailed reports for your financial management. It’s reporting made super simple.
- Benefit from segregated fund accounts. You can create separate accounts for your own funds and client funds so that you can better manage the different cash flows across your business and comply with both local and international regulations.
A solution that will support your global growth
At payabl., we’ve partnered with businesses across retail, fintech, and on-demand services to gauge the flexibility and scalability they need to deliver new payment experiences.
What we’ve found is that without a reliable payment account solution, payments can morph into an operational and financial nightmare. We’ve used these learnings, and all our industry experience, to carefully craft our Payment Accounts product so that it supports your business goals whilst bridging the payments gap created by less reliable providers.
We invite you for a free consultation, where we can explore your current payment account issues and demonstrate our platform through a live demo. We promise you won’t be disappointed.