PayDo has partnered with Convera to expand its SWIFT payment capabilities, allowing customers to receive international transfers and manage onward payments through its existing platform.
The collaboration gives PayDo access to Convera’s global payment network without requiring the company to build and maintain the underlying infrastructure itself.
Expanding SWIFT Payments Through an Existing Platform
For payment providers, enabling customers to receive money through SWIFT can require additional banking relationships and supporting infrastructure. Working with Convera allows PayDo to offer this capability through its existing platform, reducing the need to develop and manage these services independently.
The integration is also designed to simplify how businesses handle incoming and outgoing payments. By connecting PayDo’s platform with Convera’s payment network, the companies aim to reduce the number of separate provider relationships customers need to manage and make payment reconciliation easier.
PayDo processes more than €5 billion annually for over 1,000 businesses across e-commerce, digital goods, iGaming and financial services. Its platform brings together services such as payment acquiring, multi-currency accounts, payouts and currency conversion. The partnership with Convera extends these capabilities to international payment collection and onward transfers.
“We aim to give businesses one simpler way to manage the different stages of their payment journey”, said Serhii Zakharov, CEO and founder of PayDo. “Working with Convera enables us to extend how clients receive international funds through the PayDo platform and move them onward with less operational complexity”.
Convera processes nearly $200 billion in payments annually and brings more than 40 years of experience in foreign exchange and cross-border payments. Its network supports more than 140 currencies across over 200 countries and territories. Through the partnership, PayDo can draw on this network to support businesses receiving and transferring money internationally.
“Growing businesses need international payments to work as one connected flow, not as a series of separate accounts, providers and integrations”, said Meaghan Riley, Chief Commercial Officer at Convera. “By combining PayDo’s client experience with Convera’s global payments network and expertise, we are making it simpler for businesses to receive and move money internationally as they grow”.
The partnership supports PayDo’s strategy of bringing multiple payment services together in one platform. By adding SWIFT receivables and onward international payment capabilities, the company aims to help businesses manage more of their cross-border payment activity through a single provider experience.
