PayEx Sverige AB

PayEx Sverige AB is a Swedish payment and credit services company within the Swedbank Group that provides merchants and billers with invoicing, installment and invoice purchase/factoring, accounts receivable management, debt collection, card acquiring and terminals (marketed under the Swedbank Pay brand), and e-commerce checkout with APIs and plugins. Operations are focused on the Nordic region, with support for major card schemes and local payment methods commonly used in Sweden, Norway, Denmark, and Finland, such as Swish, Vipps, and MobilePay, subject to contract and eligibility. Merchant underwriting includes KYC/AML checks and risk assessment; pricing typically combines fixed fees and per‑transaction charges, with separate costs for acquiring, terminals, invoicing, factoring, and collections, as well as chargeback and dispute fees. Settlement practices vary by product and risk profile and may involve funding delays or reserves; payouts are generally available in Nordic currencies. For regulated activities, the company operates under applicable Swedish and EU financial rules, including PSD2 requirements for strong customer authentication where relevant, GDPR for data protection, and industry standards such as PCI DSS for card data handling. The portfolio targets sectors that generate recurring billing or high invoice volumes (e.g., retail, e‑commerce, telecom, utilities, healthcare), and integrates consumer credit functions with payments to manage the full receivables lifecycle. Considerations include contract terms and addenda per product, potential recourse and fees in factoring and collections, onboarding eligibility for non‑Nordic entities, restrictions on higher‑risk merchant categories, and the need to implement multiple components when combining PayEx ledger/collection services with Swedbank Pay acquiring.