Mazepay granted a payment license | PYMNTS.com

Financial software platform Mazepay announced on Thursday (June 16th) that it has obtained a pan-European payments license from the Danish Financial Supervisory Authority, giving it the ability to streamline B2B purchasing and expand this type of payment in the EMEA region. .

This decision became official on May 24, according to Mazepay’s press release.

“After a lengthy and excessive application and registration process, the DFSA granted us a Pan-European Payments Institute license, allowing it to handle transactions on behalf of businesses to directly pay vendor invoices,” the company said. company in the press release.

The license allows Mazepay to manage customer funds and supplier relationships and pay bills directly in 27 countries in the region.

“When companies integrate and maintain long-tail providers within their own complex legacy systems, the costs and resources needed to operate increase exponentially as complexity increases,” said Søren Aabel Hammer, CEO of Mazepay. , in the press release. This is exactly the problem we solve at Mazepay.

Mazepay manages the vendor onboarding workflow through its vendor management solution, which connects to the company’s invoice management platform and ensures that all transactions are conducted with trusted parties.

Related: Hello Pay launches business solutions package for SMEs in the EMEA region

Last week, Hello Pay launched a new turnkey suite of business solutions for small and medium-sized enterprises (SMEs) and entrepreneurs that will enable growth, reduce costs and increase their financial access.

Hello Pay’s SoftPOS offering allows users to process payments, access daily automatic reconciliation, and activate and control multiple devices with one account. Hello Pay also launched its Business Solution to enhance its SME offering, giving merchants access to loans, business cover, armed response and more.

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