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Monneo, a virtual IBAN provider, offering one platform connecting multiple banks for eCommerce merchants, has been announced as a finalist in three categories at The Payments Awards 2021. The winners will be announced in a ceremony at the Grosvenor House Hotel in London, UK on 11th November.  

The categories Monneo has been shortlisted for include: 

·         Payment Technology Provider of the Year 

·         Best Cross-Border Payments Infrastructure  

·         B2B Payments Innovation of the Year 

Speaking about the multiple shortlistings at The Payments Awards, Monneo’s Managing Director, Lili Metodieva, said: “We are delighted for Monneo to be recognised as a finalist at The Payments Awards 2021. To be shortlisted in three categories is credit to the expertise, vision and passion of the team here at Monneo.” 

Monneo, an innovative leader in fintech, has been offering services since 2018 and is backed by an accomplished team of banking and acquiring professionals.  

Based on the Open Banking concept, Monneo, is a far superior solution. Not only does it deliver advanced technology and connectivity, Monneo provides dedicated virtual IBANs at different banks under a single agreement and application process, so clients do not need to laboriously apply to each bank for an account.  

Monneo’s MD Lili Metodieva, added: “Monneo is committed to continuously investing into providing a multi-layered corporate banking system and delivering reliable B2B payments for eCommerce merchants.  

“The Monneo platform has been designed to improve the experience of cross-border payments and as an innovative leader in fintech, Monneo’s unique business model provides a robust network between businesses and banks across the UK, Europe and internationally.  

“Being a finalist at the Payments Awards is testament to the innovation Monneo provides to the industry and how our service is assisting eCommerce merchants to receive a hassle-free and reliable banking experience.” 

The company which is currently partnered with nine banks and foreign exchange (FX) services, is licensed as an authorised payment institution by the Financial Conduct Authority in the UK.  Through its ground-breaking technology platform, Monneo breaks down legacy barriers and connects online merchants with leading European and International banks who can provide virtual IBAN accounts and digital payment services across the globe. 

Monneo has recently joined the Wise coalition of European businesses in the fight against the illegal practice of IBAN discrimination.