PayDo adds Convera SWIFT receivables to payments platform

Convera has partnered with PayDo to add SWIFT receivables to PayDo's payments platform, allowing clients to receive international funds and make onward cross-border payments through the same system.

The arrangement lets PayDo offer SWIFT receive services without building the banking infrastructure and relationships that would usually support that function. It also connects incoming international transfers with onward payment flows within PayDo's existing platform.

For payment providers, access to SWIFT often requires banking partners and operational support for settlement, reconciliation and money movement. Convera's network will allow PayDo to extend those services without developing and maintaining that layer itself.

PayDo processes more than EUR €5 billion a year for more than 1,000 businesses across sectors including eCommerce, digital goods, iGaming and financial services. It positions its platform as a way to reduce the number of separate providers customers use for acquiring, accounts, payouts and currency conversion.

Under the partnership, PayDo clients will be able to receive funds through SWIFT and manage the onward movement of those funds through the same platform. The model is intended to reduce fragmentation in international payment handling and simplify reconciliation.

Convera moves nearly USD $200 billion in payments annually and supports more than 140 currencies across more than 200 countries and territories. That reach gives PayDo access to a broader international payments network as it expands the services available through its platform.

Serhii Zakharov, Chief Executive Officer and Founder of PayDo, said the move fits the company's effort to bring more payment functions into one system for clients.

"We aim to give businesses one simpler way to manage the different stages of their payment journey," said Serhii Zakharov, Chief Executive Officer 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," Zakharov said.

The partnership also reflects a broader push among payment companies to offer international collections, currency services and cross-border payouts through fewer interfaces. Businesses handling overseas trade or digital transactions often rely on multiple providers for different parts of that process, creating additional operational work.

Platform link

PayDo said the arrangement supports its strategy of integrating complementary payment services into a single client experience. The company already offers multi-currency accounts, international transfers, merchant acquiring, cards and open banking collections through one contract and onboarding process.

It describes itself as a regulated Electronic Money Institution with direct infrastructure memberships, including principal membership of Visa and Mastercard, as well as direct access to SWIFT and SEPA. The latest agreement adds another layer by connecting its client interface to Convera's international payment network.

Meaghan Riley, Chief Commercial Officer at Convera, said the companies aimed to make cross-border transactions more unified for growing businesses.

"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," Riley said.