New integration with SatchelPay to deliver the SEPA Credit Transfer management and automation
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New integration with SatchelPay to deliver the SEPA Credit Transfer management and automation

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Integrations has recently established a new integration with SatchelPay — a European Electronic Money Institution (EMI) that provides a simple and convenient way to control and manage daily financial operations. SatchelPay utilises innovative technologies to design and deliver best practice online banking experience. SatchelPay is an online platform with a truly user-friendly and intuitive interface, where you don’t need to worry about the constraints of bank operating hours. You will be able to check your account and bank card balance, make any type of transfer or payment and review your transactions history in just a couple of clicks. No matter if you do or do not have any prior experience with EMIs, you will appreciate and enjoy the simplicity of the features that SatchelPay team has developed.

Today, we are pleased to offer customers the SEPA Credit Transfer management and automation executed by SatchelPay. We have worked together to enrich functionality by online data validation tools to validate BIC and IBAN and to convert bank account details to valid SEPA content. SEPA Credit Transfers could be executed either through a standalone web interface at the Dashboard or automated using the API. In the near future, we are planning to jointly implement SEPA Instant Credit and SWIFT payments to bringing enhanced value our shared customers around the world.

The Single Euro Payments Area (SEPA) is the payments integration initiative of the European Union for simplification and harmonisation of bank transfers. SEPA consists of the 28 EU member states together with the four members of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland). Monaco and San Marino are also part of SEPA. SEPA payments are only used for euro-denominated transactions. SatchelPay plays its role in a digital transformation in the financial sector and is constantly working on new partnerships and integrations, which will make an experience with SatchelPay even more convenient and unique.

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