Paytend vs Modulr

Manage your money and business, everything is in hand. Payend is an innovative fintech institution that offers banking accounts, card issuance, and acquiring services. As a company holding an EU EMI license (EMI LB000480), Paytend strictly adheres to the General Data Protection Regulation (GDPR) and the Payment Services Directive 2 (PSD2) of the European Union to ensure the privacy and security of user data. Get your SEPA account Apply online for your own SEPA account by using the Paytend App, your name, your own IBAN Transfer your Money globally The fastest single euro payment area payment within 1 minute by SEPA Instant SWIFT receipt and payment support your cross-border wire transfer in 37 currencies from 57 countries Global Money Transfer to China UnionPay Card without limit Exchange currencies at the real-time rate Mutual exchange of 37 currencies, real-time exchange rates, no exchange difference, and free of commission fee Get your Bank Card with clicks Visa Card, Master Card, online real-time card issuance, support global consumption and ATM withdrawal, make payments online and in-store. Business executive solution Cross-border e-commerce settlement, fast, efficient, and ultra-low commission fee. Paytend business account boasts a powerful system for gathering and transferring funds worldwide, capable of handling batch payments.

Manage accounts, funding, approvals, cards and receipts. Modulr Payroll Portal users: Payment approvals Approve single, multiple or batch payments for your business, or for your customers, wherever you are. If you’re a delegate (e.g. an accountant or payroll bureau) managing approvals on behalf of customers, you’ll know how much time gets spent chasing them for approvals. Modulr Mobile App solves this: customers get a push notification when approval is needed, and can respond in seconds – no desktop required. Add funds Add funds from your bank, directly in the app. From any account, select ‘Add Funds’, choose the bank you’re paying from, and confirm securely at your bank. Funds transfer straight to your Modulr account, ready for any scheduled or approved payments to go out. Funding requirements are clearly shown for your accounts and your customers’ accounts, so you always know what’s needed and when. Accounts and balances Check balances and account activity for your business and your customers, any time. Modulr Accounts Payable users: Cards You can now activate your Modulr virtual payment cards straight from the app and view their secure details. You can freeze and unfreeze each card to stay in control of spending, and check spend limits and current spend at a glance. Receipts Upload receipts on the go – straight from your phone’s camera or files – so your spend stays reconciled wherever you are. For payroll payments, user management, accounts payable invoice approvals, and everything else, continue to use the Modulr AP or Payroll portals on desktop. www.modulrfinance.com/help-and-support