BNP Paribas and Numeral partner to boost payments businesses

BNP Paribas and Numeral have announced the launch of a partnership and the first beneficiary of this agreement. This is WorldFirst, a digital payment platform that will easily benefit from the bank's solutions thanks to Numeral's simplified integration. The aim of this partnership is to contribute to the development of fintechs and their growth in Europe.

FACTS

• BNP Paribas and Numeral have announced a partnership designed to better support European payment companies.
• The cooperation between BNP Paribas and Numeral has already attracted WorldFirst, a digital payment and financial services platform, and is likely to interest other leading joint customers such as Alma, Swile and Floa.
• This partnership should enable joint BNP Paribas and Numeral customers to integrate SEPA and local payments more easily. This will enable them to include these elements in their products more seamlessly.
• In concrete terms, customers access BNP Paribas solutions via Numeral's API and dashboard. Among the elements made available, the two players offer:
• Access to Polish, Nordic and Swiss SEPA payment systems, as well as SEPA instant;
• Access to BNP Paribas account information in real time;
• Automated cash payments.
• Customers benefit from several advantages such as:
• Faster time-to-market;
• Reduced maintenance costs;
• A sustainable payment infrastructure thanks to BNP Paribas' good coverage of local payment systems.

CHALLENGES

• Encouraging the development and emergence of payment players in Europe: BNP Paribas and Numeral began their partnership with the aim of offering payment players competitive advantages enabling them to access international markets more quickly. Today, their customers can become SEPA participants more easily and optimize their large-scale payment operations.
• Access to essential products: Fintechs have developed their models and offers around modified or enhanced banking products. However, basic elements such as accounts, financial services and the like are essential for many start-ups. Relying on a bank like BNP Paribas offers several advantages: solid expertise and a wide range of services. It's also a way for the bank to offer its services more easily.

MARKET PERSPECTIVE

• Numeral arrived in the French fintech ecosystem in 2021 with the ambition of becoming a recognized payment automation platform for businesses. Today, it offers its services to fintechs such as Spendesk, Swile and Alma, a fact that illustrates the company's ability to have established itself as a reliable solution.
• At present, the start-up is connected to several French banks, including Arkéa, BNP Paribas, BPCE and Société Générale.