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
Payments Orchestration – Payments as a Service
Pay-out -Disbursements
Payments Infrastructure
Invoice-as-a-service, card, alternative and local payment methods, wallets, bank payments
B2B payments
POS/mPOS
Channels – Context
Online
POS/In store
No
Omnichannel
Payments capabilities
Hosted pages
Whitelabel solution
Recurring billing
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
Pay-out - Disbursements
Dynamic routing
Intelligent routing/routing optimisation
ERP integration
E-invoicing (automated)
Reconciliation and reporting
Factoring
Onboarding
Reporting/dashboards
Consolidated data and reporting dashboard
Fraud & Risk Management Capabilities
Chargeback management
Fraud ratio PSD2/SCA
Less than 0.01%
Fraud and Risk Management Partners
Financial and Compliance Capabilities
FX – number of currencies available
Virtual IBAN
To be launched in 2022
Multi currencies Virtual IBAN
Current account/settlement account
Lending
Yes, on request
Client onboarding (KYC/KYB)
Clients
Main clients/references
Volvo Financial Services
Case studies
https://www.payer.eu/case-volvo/
Future developments
B2B open banking