Inespay

Inespay Financial Technologies S.L. operates within the fintech sector, specializing in open banking solutions and payment services. The company was established in 2015 by Carlos Sanchez-Arruti and is headquartered in A Coruña, Spain. Sanchez-Arruti's background in business administration and his experience as a financial controller likely informed the development of Inespay's focus on secure and efficient payment systems. The company initially launched with a service facilitating direct bank transfers for e-commerce, offering an alternative to traditional card payments.

The core of Inespay's business is providing an Account-to-Account (A2A) payment solution. This technology enables businesses to receive payments directly from their customers' bank accounts, bypassing traditional card networks. This model is designed to reduce transaction costs, minimize the risk of fraud and chargebacks, and accelerate the settlement of funds. In 2022, Inespay was acquired by the French technology group Inetum, a move aimed at strengthening Inetum's capabilities in the payment services market and expanding Inespay's reach across Europe and Latin America. Following the acquisition, Carlos Sanchez-Arruti transitioned to the role of Head of Payments at Inetum.

The company's platform functions as a Payment Initiation Service Provider (PISP) under the PSD2 regulation, authorized by the Bank of Spain. This allows Inespay to initiate payments on behalf of users directly from their bank accounts. The service integrates with e-commerce platforms and business management software, targeting a client base that includes online retailers and companies seeking to streamline their collection processes. The primary benefit for these clients is a more cost-effective and secure payment method compared to card transactions, with instant confirmation for the payer.

Keywords: open banking, payment initiation, A2A payments, fintech, e-commerce payments, PSD2, account-to-account, direct bank transfer, payment gateway, financial technology