[EMEA] Modulr launches in France and Spain

On June 21, embedded payments firm Modulr announced the next stage of its European growth with a greater presence and product functionality specifically for the French and Spanish markets, Fintech Finance News reports.

Regulatory and branch registration approvals with central banks the Banque de France and Banco de España allow Modulr to add a layer of specific localisation in these markets, increasing the competitiveness of regional firms in-country and across the UK and European Economic Area (EEA).

Modulr reportedly enables any software-based business to embed payment and account functionality directly into their own tech stack and move money securely and compliantly across the UK and EEA with a single set of flexible and scalable APIs.

Modulr allows business payments to operate around the clock, under full software control, and in real time. It offers an alternative to traditional corporate bank payments which cannot offer such features; that contemporary customers increasingly expect. 

Building on Modulr’s flexible account creation APIs, businesses can automatically reconcile high-volume income payments without the usual manual and lengthy processes and make payments in real time instead of waiting for batch processes to complete.

Businesses across financial services, travel, accounting, payroll and property marketplaces currently use Modulr’s accounts, payments and open banking APIs, webhooks for alerting and physical and virtual card programmes.

Modulr was reportedly founded to solve one of the biggest pain points for many businesses; the manual nature, time and cost involved in sending and receiving payments. As an authorised and regulated Electronic Money Institution (EMI) licenced in the EU by the Dutch Central Bank (De Nederlandsche Bank) and the Financial Conduct Authority (FCA) in the UK, Modulr can reportedly operate compliantly and at scale across Europe, issuing accounts and enabling account-to-account and card payments across a variety of schemes.

Myles Stephenson - Modulr’s CEO and Founder - said, “Our ambition is to bring the benefit of Embedded Payments to all businesses and solve the current problem of broken business payments. Our customers benefit from creating new revenue opportunities, substantially improving process cost and efficiency, and transformed end-customer experiences. 

“Ultimately, this creates huge opportunities for economic growth across the continent and enables businesses to provide enhanced customer experiences, all thanks to the progressive regulatory environment fostered by the European Union and the UK.”

Source: Fintech Finance News

(Quotes via original reporting)

On June 21, embedded payments firm Modulr announced the next stage of its European growth with a greater presence and product functionality specifically for the French and Spanish markets, Fintech Finance News reports.

Regulatory and branch registration approvals with central banks the Banque de France and Banco de España allow Modulr to add a layer of specific localisation in these markets, increasing the competitiveness of regional firms in-country and across the UK and European Economic Area (EEA).

Modulr reportedly enables any software-based business to embed payment and account functionality directly into their own tech stack and move money securely and compliantly across the UK and EEA with a single set of flexible and scalable APIs.

Modulr allows business payments to operate around the clock, under full software control, and in real time. It offers an alternative to traditional corporate bank payments which cannot offer such features; that contemporary customers increasingly expect. 

Building on Modulr’s flexible account creation APIs, businesses can automatically reconcile high-volume income payments without the usual manual and lengthy processes and make payments in real time instead of waiting for batch processes to complete.

Businesses across financial services, travel, accounting, payroll and property marketplaces currently use Modulr’s accounts, payments and open banking APIs, webhooks for alerting and physical and virtual card programmes.

Modulr was reportedly founded to solve one of the biggest pain points for many businesses; the manual nature, time and cost involved in sending and receiving payments. As an authorised and regulated Electronic Money Institution (EMI) licenced in the EU by the Dutch Central Bank (De Nederlandsche Bank) and the Financial Conduct Authority (FCA) in the UK, Modulr can reportedly operate compliantly and at scale across Europe, issuing accounts and enabling account-to-account and card payments across a variety of schemes.

Myles Stephenson - Modulr’s CEO and Founder - said, “Our ambition is to bring the benefit of Embedded Payments to all businesses and solve the current problem of broken business payments. Our customers benefit from creating new revenue opportunities, substantially improving process cost and efficiency, and transformed end-customer experiences. 

“Ultimately, this creates huge opportunities for economic growth across the continent and enables businesses to provide enhanced customer experiences, all thanks to the progressive regulatory environment fostered by the European Union and the UK.”

Source: Fintech Finance News

(Quotes via original reporting)