How muchthe solution of corporate financial management leader in Europe, has announced a new partnerships strategic with Wise Platform and the upcoming launch of the SEPA direct debit collection. These innovations are designed to offer 500,000 customers of Qonto faster, cheaper and more convenient international paymentsfurther strengthening their offering of business banking.
An alliance for international growth
Collaboration with Wise Platform, one of the market-leading global infrastructures for banks and businesses, represents a significant enhancement to Qonto’s international payments capabilities. Thanks to this integration, Qonto customers will be able to enjoy numerous advantages:
- Facilitate international business: Customers will have the ability to send payments to over 130 countries, up from 58, using 24 different currencies.
- Faster payments: More than 60% of Wise transfers are settled instantly (in 20 seconds or less), and 95% are completed in less than a day.
- Greater visibility: Clear and accurate payment tracking provides a better user experience, with enhanced visibility into international payments.
- Low cost: International transfers will be low-cost, with Wise charging an upfront fee and the mid-market exchange rate with no hidden fees.
The innovation of SEPA direct debit collection
In addition to the partnership with Wise, Qonto will soon introduce a new feature: the SEPA direct debit (SDD) collection. Starting in July, Qonto customers will be able to activate SEPA direct debits directly from their accounts, ensuring timely payments and centralizing all incoming payments into the Qonto app.
Statements from Qonto and Wise Platform
Mariano SpallettiManaging Director of Qonto Italycommented: “Our mission is simplify corporate finance management for European SMEs and freelancers. With the integration with Wise Platform and the upcoming launch of the SEPA direct debit collection payment method, we significantly improve our offering to customers. We are now able to better support our existing customer base by delivering faster and more transparent transactions, as well as fair prices and timely payments with their international trading partners. Additionally, this partnership allows us to welcome new businesses and freelancers, allowing them to use our daily business banking services across multiple markets and currencies.”.
Steve NaudéGlobal Managing Director of Wise Platformhe added: “We are excited about this new step in our collaboration with Qonto to offer a seamless international payment experience to SMEs and freelancers across Europe. In addition to leveraging Wise Platform to receive payments from abroad, Qonto customers can now benefit from the best experience to pay their partners around the world and fulfill their international ambitions”.
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