PayGlobal Technology

What PayGlobal Technology does

PayGlobal Technology B.V. is a privately held Dutch software company founded in 2012, headquartered in Zoetermeer with engineering operations in Utrecht. It develops and distributes IBANC, an offline desktop application for generating, validating, executing, and reconciling batch payment files under SWIFT ISO 20022 and SEPA regulations, including direct-debit mandate management and multi-format imports/exports (Excel, CSV, Clieop03, XML, BTL91, CAMT053, MT940). The 2018-launched IBANC Global module extends the product to worldwide batch payments in any currency via the SWIFT ISO 20022 CGI XML format, and an IBANC Pro add-on provides AES-encrypted online backup and transfer with PBKDF2/SHA512 key derivation. The software is Java-based, runs on Windows, macOS, and Linux, and is deliberately offline to maintain GDPR compliance by ensuring customer data never leaves the user's own system.

Name

PayGlobal Technology

Legal name

PayGlobal Technology B.V.

Website

https://payglobaltechnology.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

PayGlobal Technology is a Dutch software firm (founded 2012) that builds offline desktop software (IBANC, IBANC Global) for generating, validating, and reconciling SWIFT ISO 20022 and SEPA batch payment files, serving enterprises, banks, government, and nonprofits across Europe and beyond.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB)

akta.pro secondary industries

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Wire/RTP Confirmation of Payee (CoP) & Beneficiary Verification (FSAMAHAL)

Keywords

• Batch payment processing
• SEPA payment software
• SWIFT ISO 20022
• Offline payment software
• International payments software

Headquarters

HQ city

Utrecht

HQ country

Netherlands

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licenses: IBANC and IBANC Global software licenses sold to organizations. Available from standalone to multi-user network versions. Custom versions possible.
2. Consultancy Services: Professional consulting services for payment file migration, BTL91 to CGI XML conversion, and system implementation.
3. Customization: Custom software versions and workflow-specific configurations tailored to customer needs.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

PayGlobal Technology B.V. develops and sells Java-based desktop payment processing software — primarily IBANC and IBANC Global — that enables businesses, governments, and foundations to generate SEPA and SWIFT ISO 20022-compliant batch payment files directly from their own local machines. The products emphasize offline operation, data privacy, and GDPR compliance by ensuring sensitive payment data never leaves the customer's own system, and are supported by an encrypted online backup and transfer service.

Product overview

PayGlobal Technology offers a suite of payment processing software centered on the IBANC platform. The core IBANC software handles SEPA payments, direct debits, and batch file processing, while IBANC Global serves as an add-on module for international/worldwide payments in all currencies. An Online Backup and Transfer Service provides encrypted cloud backup functionality. The company also provides professional support, consultancy, and custom software development services. The software operates as an offline desktop application installed on the user's own system.

Differentiator

Problem solved

Functional benefit

Brands

• IBANC: Offline payment batch processing software for SEPA and international payments, supporting IBAN checks, SEPA mandate management, and various file format imports/exports including BTL91, XML, Excel, and CSV.
• IBANC Global
• IBANC Pro

Products and services

• IBANC Software Java-based desktop application that generates, validates, and submits SEPA-compliant batch payment files (direct debit and credit transfer) directly from the user's local system, for European enterprises, foundations, associations, and public-sector organizations that need to keep payment data on-premise.
• IBANC Global Extended version of IBANC that supports SWIFT ISO 20022 international batch payment file generation, aimed at organizations running cross-border, multi-currency payment flows.
• IBANC Online Backup and Transfer Service Optional encrypted online backup and transfer service that allows IBANC users to securely archive and transfer their encrypted payment file archives, complementing the otherwise offline software with a managed backup capability.

Quantifiable outcome

• Over 20,000 organizations use the software
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Major EU BankscoreStrategic or Co-development Partner · 1 January 2018In collaboration with diverse major EU banks, PayGlobal Technology helps international organizations transition to the new SWIFT ISO20022 CGI XML format for international batch payments.
• ABN AMROcoreChannel Partner/ Reseller/ DistributorABN AMRO recommends IBANC software to their business customers as part of payment file migration support.
• RabobankcoreChannel Partner/ Reseller/ DistributorRabobank recommends IBANC software and has sponsored their largest customers to acquire IBANC Global software. Rabobank was first in Netherlands to phase out BTL91 format.
• INGcoreChannel Partner/ Reseller/ DistributorING recommends IBANC software to their business customers for payment processing needs.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• BankservAfrica (Actual Systems): Regional payment processing operator with batch file handling expertise, primarily serving African markets. Comparable technical capabilities in payment batch processing but geographically distinct from PayGlobal's Dutch/EU focus.

Emerging players

• IXOPAY: Payment orchestration platform offering tokenization, routing, and reconciliation for enterprise payment flows. Partial overlap in payment file processing and reconciliation logic, though focused on card/online payments rather than SEPA batch files.

Direct peers

• GPayments: Specialist in ISO 20022 validation, testing, and migration tooling for payment messages. Comparable regulatory and standards expertise to PayGlobal, particularly around SWIFT ISO 20022 message quality and migration services, though more focused on validation than file generation.
• Perfect Software: Dutch software vendor offering batch payment file generation and SEPA/SWIFT processing tools to European corporates. Closely comparable in product scope, geography (Benelux), and target customer segment to PayGlobal Technology.
• SEPA Payment Module by MultiPay: Netherlands-based provider of SEPA and batch payment file software serving corporate and SME customers. Directly comparable in regulatory focus (SEPA/SWIFT formats), customer base (Dutch/EU corporates), and offline/file-based delivery model.

Broad incumbents

• HighRadius: Large fintech platform offering order-to-cash, treasury, and payment file automation. Overlaps with PayGlobal in payment processing for enterprise finance teams, though at much larger scale and broader scope.
• TIS (Treasury Intelligence Solutions): Cloud-based treasury and payment platform providing bank connectivity, payment file generation, and cash management. Comparable in serving mid-market and enterprise treasuries in Europe but as part of a broader SaaS treasury suite.
• Finastra: Global financial software vendor with corporate banking and payments platforms including SEPA, SWIFT, and ISO 20022 capabilities. Much broader portfolio and scale than PayGlobal, but overlapping customer base among European banks and large corporates.
• Temenos Payments: Large banking software platform offering payment hub capabilities including SEPA/SWIFT processing and ISO 20022 migration modules. Operates at much larger scale with broader product portfolio, but overlaps with PayGlobal in payment processing for banks.
• Kyriba: Cloud-native treasury management platform with payment execution, SWIFT connectivity, and ERP integration. Adjacent rather than directly competing, but increasingly bundles payment file generation and SWIFT processing into a unified platform.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/payglobal-technology

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PayGlobal Technology