Latest news with #payabl
Finextra
6 days ago
- Business
- Finextra
Payabl. launches Virtual Business Cards
Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending. 6 Virtual cards are a digital alternative to physical credit or debit cards, offering real-time issuance, customisable limits, and transparent spending to streamline expense management and enhance financial oversight. Businesses can generate cards instantly, assign them to team members, set spending limits, and freeze/unfreeze access when needed. Built to simplify B2B payments, payabl.'s Virtual Business Cards are ideal for e-commerce companies needing extra transaction security, start-ups and scale-ups managing supplier budgets and global teams with travel and multi-currency expenses. The new proposition further strengthens payabl.'s Business Accounts offering and underpins the company's commitment to helping businesses stay ahead in today's rapidly evolving payments landscape. Ugne Buraciene, Group CEO of payabl., said: 'With the launch of our virtual cards service, we're making it easier for companies to take greater control of their payments. From improved oversight of spending, to the ability to set budgets and ensure the highest level of security, payabl. is removing the friction from payments so businesses can focus on what really matters: growing their businesses and better serving their customers and partners.' payabl.'s virtual cards service has been designed specifically to meet growing merchant demand and usage, with the total volume of virtual card transactions expected to reach 175 billion by 2028, rising from 36 billion in 2023*. The value that virtual cards bring to businesses is evident, with 94% of firms that use them saying their transactions are faster, more detailed, and more secure**. Breno Oliveira, Head of Product at payabl., added: "The virtual cards market is booming, with transactions now in the billions and set to rise significantly. While much focus has been on consumer use cases, the value they can bring to businesses in cutting admin time spent on payments and boosting productivity is evident. And at payabl., we're unlocking those benefits for more businesses.' Card issuance now sits alongside payabl.'s wide range of payment solutions, including card acquiring, local payment methods, and point-of-sale (POS) terminals. Its Business Accounts enable customers to send, receive, and manage multi-currency payments 24/7/365, with access to an all-in-one dashboard and dedicated client relationship managers.
FF News
6 days ago
- Business
- FF News
payabl. Launches Virtual Business Cards to Empower Smarter Business Spending
Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending. Virtual cards are a digital alternative to physical credit or debit cards, offering real-time issuance, customisable limits, and transparent spending to streamline expense management and enhance financial oversight. Businesses can generate cards instantly, assign them to team members, set spending limits, and freeze/unfreeze access when needed. Built to simplify B2B payments, payabl.'s Virtual Business Cards are ideal for e-commerce companies needing extra transaction security, start-ups and scale-ups managing supplier budgets and global teams with travel and multi-currency expenses. The new proposition further strengthens payabl.'s Business Accounts offering and underpins the company's commitment to helping businesses stay ahead in today's rapidly evolving payments landscape. Ugne Buraciene, Group CEO of payabl., said: 'With the launch of our virtual cards service, we're making it easier for companies to take greater control of their payments. From improved oversight of spending, to the ability to set budgets and ensure the highest level of security, payabl. is removing the friction from payments so businesses can focus on what really matters: growing their businesses and better serving their customers and partners.' payabl.'s virtual cards service has been designed specifically to meet growing merchant demand and usage, with the total volume of virtual card transactions expected to reach 175 billion by 2028, rising from 36 billion in 2023*. The value that virtual cards bring to businesses is evident, with 94% of firms that use them saying their transactions are faster, more detailed, and more secure**. Breno Oliveira, Head of Product at payabl., added: 'The virtual cards market is booming, with transactions now in the billions and set to rise significantly. While much focus has been on consumer use cases, the value they can bring to businesses in cutting admin time spent on payments and boosting productivity is evident. And at payabl., we're unlocking those benefits for more businesses.' Card issuance now sits alongside payabl.'s wide range of payment solutions, including card acquiring, local payment methods, and point-of-sale (POS) terminals. Its Business Accounts enable customers to send, receive, and manage multi-currency payments 24/7/365, with access to an all-in-one dashboard and dedicated client relationship managers. Companies In This Post payabl.
Finextra
27-05-2025
- Business
- Finextra
Payabl. appoints Christia Evagorou as deputy group CEO
payabl., a leading European financial technology provider, has announced the appointment of Christia Evagorou Papamichael to the role of Deputy Group CEO. 0 Christia will continue in her role as Group Chief Corporate Officer (CCO) - a role she started in March 2024 - while stepping into a broader leadership position focused on the company's strategic execution and long-term direction. Since joining payabl. in early 2024, Christia has played a central role in strengthening the group's corporate functions, leading operations across legal, compliance, risk, finance, and HR. In her expanded role, she will work closely with Group CEO Ugne Buraciene and the Board to support the company's continued growth across Europe and beyond. Christia brings over 15 years of experience in corporate governance, tax, and legal structuring. Prior to joining payabl., she held senior positions at PwC Cyprus and previously worked at KPMG UK. She is a qualified solicitor and chartered accountant (FCA), and holds a degree in Accounting and Law from the University of Manchester. "Christia has been instrumental in shaping the operational backbone of payabl.," said Ugne Buraciene, Group CEO of payabl. 'Her strategic mindset, integrity, and deep understanding of governance make her the ideal partner as we expand our footprint while staying true to the highest regulatory standards.' Christia Evagorou, Deputy Group CEO of payabl. added: 'It's a privilege to take on this new role at such a pivotal time for payabl. We're building something truly exciting - a platform that empowers businesses through technology, trust, and exceptional service. I look forward to helping steer our next chapter alongside our fantastic team.' This announcement marks another milestone in payabl.'s ongoing investment in its people and leadership. The company is proud to maintain a gender-balanced executive team, with a 50/50 split between men and women at the highest levels of decision-making. As payabl. continues to scale its financial services offering and drive innovation across the payments space, this promotion reflects the company's belief that diverse, inclusive leadership is key to long-term success.
Finextra
20-05-2025
- Business
- Finextra
Payabl. taps ClearBank for embedded finance services
Leading European financial technology provider payabl. has partnered with ClearBank, an enabler of real-time clearing and embedded banking, to expand its UK payment services and enhance security for businesses. 0 Through this collaboration, payabl. now provides businesses with seamless access to all major UK payment schemes - Faster Payments, BACS, and CHAPS - enabling real-time transactions in GBP. The integration also strengthens fraud prevention with Confirmation of Payee (CoP), ensuring safer payments by verifying recipient account details before funds are transferred. The collaboration strengthens payabl.'s Business Accounts offering, reinforcing its commitment to helping UK businesses stay ahead in an evolving payments landscape. Both ClearBank and payabl. share a commitment to delivering cutting-edge financial technology solutions. With a focus on modular technology, API integration, and cloud-native services, this partnership is fuelling business growth while unlocking new opportunities for collaboration. Kristaps Zips, UK CEO of payabl., said: 'At payabl., we believe strong partnerships drive the best innovations and benefits for customers. Our collaboration with ClearBank embodies this, integrating their services into our platform to enhance choice and security for UK customers. We look forward to expanding this partnership further to help businesses better serve their customers with fast, flexible, and secure payments.' John Salter, Chief Customer Officer at ClearBank, said: 'We are pleased to be working alongside payabl. to allow them to power their Business Accounts offering, and we are proud that we can help more companies experience the unique power of the ClearBank platform. We are equally committed to ensuring we are building and evolving services to strengthen the payments industry for the future, and so this is an exciting collaboration.' Real-time is the new norm Real-time payments are no longer a luxury - they're an expectation. Businesses and consumers alike demand instant access to funds, faster settlements, and increased security. With the UK's Faster Payments scheme processing nearly 5 billion transactions in 2023 - a figure set to exceed 7 billion within a decade - the need for speed and reliability in payments has never been greater. Zips added: "Instant payments aren't just about convenience; they're a necessity for modern businesses. Fast, frictionless transactions keep cash flowing, reduce operational bottlenecks, and enhance customer experience. Our partnership with ClearBank ensures that UK businesses can move money instantly, 24/7 - securely and with confidence. Faster payments drive faster growth, and payabl. is committed to leading this evolution in the payments landscape."
Finextra
07-05-2025
- Business
- Finextra
Payabl. integrates with Sift for AI-powered fraud prevention
payabl., a leading European financial technology provider, today announced its partnership with Sift, the AI-powered fraud platform delivering identity trust for hundreds of businesses worldwide. 0 This integration allows payabl.'s customers to benefit from real-time fraud prevention powered by artificial intelligence driving growth while reducing risk. By integrating Sift's fraud prevention technology into payabl.'s platform, merchants now have a seamless way to combat fraud, cut chargeback rates, and improve approval rates - without adding friction to the customer journey. The integration also unlocks greater eligibility for Transaction Risk Analysis (TRA) exemptions in the EEA and UK, helping merchants increase conversion while maintaining compliance. "At payabl., our mission is to arm merchants with the right tools to grow without limits - while keeping their businesses secure," said Oleg Stefanets, Chief Risk Officer at payabl. "By teaming up with Sift and its AI-driven fraud prevention, we're delivering top-tier protection that drastically reduces friction for both merchants and their customers. Our merchants can scale fearlessly, confident that every transaction is checked in real time by a system that learns and adapts with each data point." The integration is already live on payabl.'s modular payments platform, enabling merchants to automate fraud decisioning at scale while benefiting from fewer false positives, reduced manual reviews, and stronger customer trust. "Fraud decisioning is about more than reducing losses. It's about delivering identity trust—so merchants can make confident risk decisions about the users transacting on their digital platforms,' said Armen Najarian, Chief Marketing Officer at Sift. 'By teaming up with Sift, payabl.'s merchant customers gain access to an AI-powered platform that continuously adapts to emerging threats and provides identity-centric insights. The result means not only fewer losses and chargebacks, but also greater TRA exemptions, a more seamless consumer experience, and profitable growth.' The fraud landscape demands action Fraud remains one of the most pressing challenges in the payments ecosystem, as highlighted by the latest joint report from the European Banking Authority (EBA) and the European Central Bank (ECB). According to the findings, payment fraud across the European Economic Area (EEA) amounted to €4.3 billion in 2022 and a further €2.0 billion in just the first half of 2023. While strong customer authentication (SCA) has helped curb some of these losses, the data underscores a clear need for more robust, intelligent fraud prevention. Consumer expectations are also shifting. Research from payabl.'s State of European Checkouts report reveals that 44% of European consumers believe that fraud prevention is the responsibility of banks, payment providers, or retailers - rather than the end user. With customer trust increasingly tied to brand reputation, merchants are under growing pressure to protect their checkout experiences from risk, without sacrificing convenience. This pressure is exactly what payabl.'s latest partnership with Sift aims to relieve. By embedding AI-powered fraud prevention directly into its payments platform, payabl. offers merchants a seamless way to scale securely. 'In today's digital economy, trust is the foundation of growth,' said Ugne Buraciene, Group CEO at payabl. 'Fraud prevention is no longer just a compliance requirement—it's a strategic imperative. By integrating Sift's AI capabilities into our platform, we're empowering merchants to move faster, serve customers better, and expand globally with confidence. It's about creating a safer, smarter ecosystem for commerce to thrive.' The move aligns with broader trends in the payments space, where regulatory initiatives like Visa's VAMP programme and the demand for TRA exemptions continue to reshape how businesses manage compliance and risk. For payabl., the Sift integration marks another step in delivering future-proofed solutions that blend high-tech innovation with hands-on support.
