hyperWALLET Supports SEPA Credit Transfers Across Europe
hyperWALLET, a provider of global payment solutions, now supports single euro payments area (SEPA) Credit Transfers (SCTs) across 32 countries throughout Europe. For corporate clients that have been struggling to pay beneficiaries across Europe, hyperWALLET’s SEPA service provides a fast, cost-effective payment method compared to more traditional offerings such as cheques and wire transfers.
The European Payments Council (EPC) launched the SCT initiative in January 2008 with the goal of creating a borderless system for euro payments. Since then, banks and businesses have been migrating from country-specific domestic payment systems towards the pan-European solution that SEPA offers.
“The implementation of SCTs is an example of how hyperWALLET continues to provide dynamic, cutting-edge services within the global payments space,” said Gina Knight, directory of treasury at hyperWALLET. “SEPA can be particularly attractive for companies needing to send payments to eastern European countries, several of which have already adopted the euro as their official currency. Many more plan to switch to the euro within the next few years.”
The service is further enhanced through hyperWALLET’s brandable payment applications across both web and mobile channels, which are available in multiple currencies and languages.