London-based fintech firm payabl. has launched SEPA Direct Debit functionality across its acquiring and business account products, enabling streamlined euro-denominated recurring payments.

The update allows businesses to automatically collect recurring payments from customers via payabl.’s payment gateway, as well as automate outgoing payments such as supplier, utility, or government charges through payabl.’s business accounts.

Each product is tailored to suit the operational workflows and pricing structures of its respective use case.

“Whether you’re collecting from customers or paying suppliers, each product has been purpose-built to match the workflows, pricing, and operational needs of that use case, without compromise,”

said Breno Oliveira, Head of Product at payabl.

For merchants using payabl.’s acquiring solution, SEPA Direct Debit is now available as a customer payment method, suitable for subscription-based services and other recurring billing needs.

The functionality includes hosted checkout, secure mandate setup, and automated pre-notifications to help reduce payment failures and card-related churn.

Meanwhile, business account users can automate outbound payments using SEPA Direct Debit through the payabl.one portal.

The feature includes real-time notifications, mandate control, and approval workflows, providing visibility and oversight across transactions in the 36 SEPA member countries.

“Businesses need different solutions for different payment challenges,”

Oliveira added.

“That’s why we’re launching SEPA Direct Debit across both our acquiring and business account products.”

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