Zimpler, a FinTech providing payment services, has launched instant cross-border payouts in Euros.
The service will allow customers to send Euros to all 20 Eurozone countries through Single Euro Payments Area (SEPA), with no additional fees or admin.
Zimpler said SEPA was created to simplify electronic payments across Europe and make them safer and quicker.
The FinTech says the new service, which is aimed at both B2C and B2B customers, will enable users to avoid using cheques or wire transfers and send money straight to a recipient’s bank account.
Zimpler added that the software can be integrated into existing payment systems and used for a variety of payments including salary transfer, reimbursement and lending transactions.
Commenting on the news Nicolas Köllerstedt, chief growth officer at Zimpler, said: “We are thrilled to expand our offerings and provide both existing and new clients with instant, safe, and cost-effective cross-border payouts that are compliant with the highest anti money laundering standards.”
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