Payment technology provider Numeral launches Swift payments

Paris, FRANCE, 22 February 2024 – Numeral, the payment technology provider, today announces the support of Swift payments, enabling companies and financial institutions to automate cross-border payments with their partner banks to more than 200 countries, in addition to local European SEPA as well as UK Bacs, FPS, and CHAPS payments, from a single platform.

“At Numeral, we enable any company processing large volumes of payments to build the perfect payment infrastructure for its specific needs on top of the partner banks of its choice. Enabling our customers to leverage the Swift payment capabilities of the banks connected to Numeral dramatically expands their payments reach while keeping the benefits of managing all their payments from a single platform,” says Édouard Mandon, co-founder and CEO at Numeral.

With the addition of Swift payments, Numeral customers can now benefit from Swift’s global reach combined with the speed, lower cost, and high local reach of local payment schemes. With Numeral, companies can programmatically manage payments through the banks and schemes that best fit their needs without building multiple integrations.

Numeral capabilities for Swift payments include:

• Sending and receiving Swift payments through partner banks

• Automatic reconciliation of Swift payments with corresponding bank account transactions

• Programmatic access to currency account statements, including latest available balances

“Numeral will pursue this more global, more local strategy in the future. We aim to support more European payment schemes and integrate with more European banks while adding more global payment options to our platform through global networks like Swift and global banks like J.P. Morgan, BNP Paribas and HSBC,” says Édouard Mandon.

About Numeral

Numeral is a payment technology provider which delivers the infrastructure for fintechs and banks to connect to partner banks, access schemes, and automate payment operations.

Through its payments, reconciliations, treasury, and risk and fraud management capabilities, Numeral enables its customers to launch new products and expand geographically faster, reduce total cost of ownership and make their payments more resilient.

Numeral provides the payment infrastructure for European fintech leaders like Swile, Spendesk, and Alma and has a growing European customer base Numeral also partners with Europe’s leading banks, including Barclays, HSBC, BPCE, BNP Paribas, and ABN AMRO. Launched in 2021, Numeral has raised €13m from world-class investors like Balderton and eFounders.

Contacts

Numeral, Matthieu Blandineau, press@numeral.io