London, 16 September 2025

Paynetics, a leading provider of embedded finance services across Europe, has extended its partnership with open banking infrastructure provider tell.money to roll out Verification of Payee (VoP) across the Single Euro Payments Area (SEPA).

The move builds on the two companies’ existing collaboration, which saw tell.money support Paynetics in meeting UK Confirmation of Payee (CoP) requirements. VoP allows payment service providers to check that a recipient’s name matches their IBAN before a transaction is processed. For businesses handling high volumes of cross-border payments, this extra layer of verification can make a measurable difference, not only in fraud reduction but in customer confidence.

“As fraud risks evolve and regulation moves fast, we want our partners to stay protected, without having to build complex solutions themselves. tell.money helps us deliver just that: reliable, compliant infrastructure that’s easy to deploy and built to scale.” Valeri Valtchev CEO at Paynetics, commented.

The companies first partnered to bring Confirmation of Payee (CoP) to Paynetics’ UK offering. Now, with SEPA in scope, the partnership moves into its next phase, built around the fully managed VoP solution from tell.money. With real-time payments rising and fraud risks following close behind, VoP offers a simple but powerful layer of protection: it checks if the recipient’s name matches the IBAN before a payment is sent. Less guesswork. Fewer mistakes. More trust.

The platform provides out-of-the-box functionality for non-bank PSPs, EMIs, and fintechs, covering everything from implementation and fallback support to live monitoring and updates.

“We focus on removing the friction from compliance,” added David Monty, Founder of tell.money. “Our job is to handle the heavy lifting, so providers like Paynetics can focus on what they do best.”

As instant payments become the standard across Europe, VoP is expected to play an increasingly important role in preventing fraud and ensuring trust across transactions. This rollout positions Paynetics to meet upcoming regulatory expectations while continuing to scale its embedded finance offering across Europe. 

 

About Paynetics

Paynetics is a licensed e-money institution, regulated and passported to operate 

across the EEA / EU and the United Kingdom. Paynetics empowers clients to design, build, and operate financial products that address critical pain points in the financial services market and generate measurable social impact. The company enables businesses to seamlessly embed financial services into their ecosystems, enhancing customer experience and unlocking new revenue streams. This approach positions Paynetics as a use-case-agnostic, infrastructure-level payments provider, ideally suited to support the expanding universe of embedded finance applications. 

About tell.money

tell. is a fintech company delivering trusted access infrastructure for payments and financial data. We help banks, fintechs, and service providers meet their open banking obligations, verify payees, manage consent, and monitor service performance, all through a single modular platform. 

Designed for clarity, speed, and trust, the tell. product includes capabilities for account access, Confirmation and Verification of Payee, consent management, and service assurance. We don’t compete with our clients. We don’t own the end-user. We provide neutral infrastructure that enables organisations to deliver secure, compliant, and future-ready services, without the complexity. 

Our mission is to make financial technology transparent, trusted, and truly open.