Payer is a licensed Swedish payments company focused on digital B2B payments for large corporate customers on a pan-European and global basis.

Target market

Merchants – All verticals with ecommerce sales

Marketplaces

PSPs

Fintech

Banks

Contact details

stefan.backlund@payer.eu

Geographical presence

All payments in Europe, selected in US, LATAM, Asia

Year founded

2007

Investors

Katalysen & Partners, angel investors

License type

Payment institution license (Swedish FSA) and PCI DSS Level 1

Member of industry association and/or initiatives

Swedish Fintech Association

Company’s motto

Pioneering B2B payments

Service Provider Type

Core solution

Modular API platform that enables new or more revenue streams and enables cost reductions due to automation.

Payment Service Provider – Gateway

Yes

Payment Service Provider – Merchant Acquirer/Processor

Yes

Payments Orchestration – Payments as a Service

Yes

Pay-out -Disbursements

Yes

Payments Infrastructure

Invoice-as-a-service, card, alternative and local payment methods, wallets, bank payments

B2B payments

Yes

POS/mPOS

Yes

Channels – Context

Online

Yes

POS/In store

No

Omnichannel

Yes

Payments capabilities

Hosted pages

Yes

Whitelabel solution

Yes

Recurring billing

Yes

Payment methods supported

Card (debit, credit, escrow, recurring – Visa, Mastercard, AMEX, and other major card networks)

Invoice (prepaid, escrow, recurring)

Local payment methods: Apple Pay, WeChat, Alipay, Sofort, iDeal, and more.

Other payment methods: IBAN, SEPA, Direct Debit, SEPA instant, BACS and local DD-schemes. osv.

Settlement currencies

CHF, DKK, EUR, GBP, NOK, SEK, USD, PLN, CZK, HUF, RON, HRK

Instant settlement

Yes/No (depending on scheme/method)

Tokenization

Yes

Pay-out - Disbursements

Yes

Dynamic routing

No

Intelligent routing/routing optimisation

No

ERP integration

Yes

E-invoicing (automated)

Yes

Reconciliation and reporting

Yes

Factoring

Yes

Onboarding

Yes

Reporting/dashboards

Consolidated data and reporting dashboard

Yes

Fraud & Risk Management Capabilities

Chargeback management

Yes

Fraud ratio PSD2/SCA

Less than 0.01%

Fraud and Risk Management Partners

No

Financial and Compliance Capabilities

FX – number of currencies available

No

Virtual IBAN

To be launched in 2022

Multi currencies Virtual IBAN

CHF, DKK, EUR, GBP, NOK, SEK, USD, PLN, CZK, HUF, RON, HRK

Current account/settlement account

Yes

Lending

No

Instant settlement

Yes, on request

Client onboarding (KYC/KYB)

Yes

Clients

Main clients/references

Volvo Financial Services

Case studies

https://www.payer.eu/case-volvo/

Future developments

B2B open banking