Devengo breaks the banking monopoly and becomes the first European fintech to manage SEPA payments with the rest of the world

Innovation in Cross-Border Payments

Spanish fintech Devengo has achieved groundbreaking authorization to process international payments between the SEPA zone and global markets, a milestone that challenges the traditional dominance of banks. The company is already preparing its expansion into key corridors in Latin America, Africa, and Asia.

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Spanish fintech Devengo has marked a milestone in the financial sector by becoming the first non-bank entity of Europa authorized to process cross border payments bidirectional between the zone SEPA and the rest of the world, a service that has so far been dominated almost exclusively by big banks.

This authorization represents a paradigm shift for companies with international operations, which now have a technological and agile alternative for managing their cash flows outside the European ecosystem. Until now, operations of this scale were reserved for large financial institutions, creating a strong dependency and, at times, higher costs and less flexibility for exporting and importing companies.

A new era for business internationalization from Spain

The achievement of Devengo This not only represents progress for the company itself, but also offers a strategic tool for Spanish businesses. The ability to execute payments to and from the Single Euro Payments Area (SEPA) with non-EU markets through a fintech platform opens the door to greater operational efficiency and potential cost optimization in company treasury.

With this new license, the firm has already launched an ambitious international expansion plan. The first strategic corridors to be activated will be with México y Argentinatwo markets of great importance to Spanish foreign trade. This initial move demonstrates a clear focus on strengthening economic ties with Latinoamérica, a priority region in its roadmap.

Accrual's International Expansion Roadmap

Region/Country of Expansion	Actual state
México	Initial Implementation Phase
Argentina	Initial Implementation Phase
The rest of Latinoamérica	On the Roadmap
África	On the Roadmap
Oriente Medio	On the Roadmap
Main Asian markets	On the Roadmap

The vision of Devengo It doesn't stop at the American continent. Its strategic planning includes the progressive opening of new payment routes with other key regions for global trade, including markets in África, Oriente Medio and the main business centers in AsiaThis development positions the Spanish fintech company as a relevant player in the future of B2B finance on a global scale.

Key points and frequently asked questions about the new Devengo operating system

As a manager, how does this Accrual authorization affect me?

For an executive of a Spanish company, this news means having a new alternative to traditional banks for managing payments and collections with countries outside the region. SEPAThis can translate into greater agility in transactions, simpler processes and, potentially, a more competitive cost structure for foreign trade operations.

What business consequences does this have for the financial sector in Spain?

This milestone intensifies competition in the international payments sector, traditionally concentrated in a few entities. It drives innovation and forces traditional banks to improve their services to compete with the flexibility and specialization of fintech companies. For businesses, greater competition usually leads to better service and pricing.

What should exporters know about the new corridors to Mexico and Argentina?

Exporters and importers who operate with México y Argentina They should understand that they will now have a new channel for settling their business transactions. It is advisable that they analyze the terms, speed, and security offered by this new method, as it could simplify their treasury management and strengthen their business relationships in these strategic markets.