BNP Paribas and Numeral are partnering to power Europe’s leading payments companies, announcing WorldFirst as joint customer.
BNP Paribas and Numeral, the payments technology provider, are entering a partnership to enable payment companies to embed SEPA and local payments into their products seamlessly, become SEPA participants, and optimise their payment operations at scale.
WorldFirst, a one-stop digital payment and financial services platform for global businesses will benefit from the partnership to reinforce their respective SEPA infrastructures in Europe, alongside existing joint customers, including Alma, Swile and Floa.
”BNP Paribas has strong ambitions to support global and European fintech leaders in addressing the European market and helping the future champions emerge. As Europe’s leading bank, BNP Paribas offers the pan-European payment, treasury, and account solutions to do so. This strategic partnership with Numeral enables us to distribute these services more efficiently to our customers,” says Marc Espagnon, head of payments and cash management division, France, at BNP Paribas.
This partnership allows joint customers to easily access BNP Paribas’ services through Numeral’s single API and dashboard, which facilitates integration with fintechs’ modern architectures. As a result, payment companies benefit from faster time to market, reduced maintenance costs, and a future-proof payment infrastructure thanks to BNP Paribas’ extensive local payment systems coverage.
“Banks are critical to fintechs’ success, as they provide access to payment schemes, accounts and additional financial services that are core to fintechs’ offerings. Partnering with BNP Paribas gives our joint customers access to one of the biggest catalogues of services and the strongest expertise to scale in Europe,” says Édouard Mandon, co-founder and CEO at Numeral. “Numeral aggregates BNP Paribas best-in-class solutions into a single cloud-native, API-first platform from which joint customers can automate their payment operations across Europe”.
Through this partnership, joint clients can access SEPA, including SEPA instant, and Polish, Nordic, and Swiss payment schemes, access their BNP Paribas account information in real-time, and automate treasury payments to optimise their safeguarding operations.
Europe being a key region for both WorldFirst, in order to best serve their European customers the fintechs wanted to become SEPA participants while relying on a leading sponsor bank. This partnership between BNP Paribas and Numeral will enable them to benefit from Europe’s largest bank’s expertise and products while expediting integration and onboarding efforts and automating our payment operations at scale in the long term.
