No, Devengo is not a bank, it’s a Payment Service Provider. While banks offer various financial services, PSPs specialize mainly in facilitating money movement and payment transactions. PSP is a legal entity providing payment services (e.g. issuing cards, acquiring payments, the authorization transactions) enabling the transfer of money between end users. Both (banks and PSPs) play important roles in the financial system, but their focuses and scopes are different, as is their regulation.
The API crafted to streamline instant A2A payments for business
Our standards are straightforward: we provide you with the accounts you need to make your money flow most Simple, Instant, Informed, Secure.
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Account creation
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Push instant payments
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Pull payments
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Account verification
Trusted in production by tech teams at...
Our A2A payments products for business
Devengo helps you integrate your company's money flows into your operational processes, whether it's massive real-time payouts or receiving pay-ins to make the reconciliation easy.
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Accounts Creation
IBANs, virtual IBANs, wallets or acquirer agnostic escrow accounts. We help you to choose the best infrastructure for your business -
Push Payments
Instant payouts and pay-ins for Europe and the UK with the highest deliverability. 24/7, no delays -
Pull Payments
Request To Pay will reduce the use of cards in retail payments and low fees for merchants -
Account Verifications
Verify a bank account in seconds to ensure that you are paying the correct recipient
Launch payments in two weeks or less
Accelerate time-to-market by access to major rails without expensive bank integrations. Our API efficiently orchestrates money movement, prioritizing both speed and cost optimization
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A bank-grade API designed for scalability
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Fine-grained taxonomy of business events
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Webhooks (secured, signed, actively monitored)
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Full-time, real-time consolidation through API
POST
https://api.sandbox.devengo.com/v1/payments
REQUEST
{
"account_id": "acc_fYpgX5Ytdxzexuf61lFmw",
"company_reference": "1a2b3c",
"destination": {
"type": "iban",
"iban": "ES2914653111661392648933",
},
"recipient": "Katy Kelleher",
"description": "Claim payout",
"amount": {
"cents": 10000,
"currency": "EUR"
},
"metadata": {
"example_key": "example_value"
}
}
RESPONSE
201
Devengo in numbers
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--.--%Success ratio last 24h
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--.--%Instant ratio last 24h
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€--,---,---.--Money moved in 2024
Trusted by those companies that really innovate
“Offering salary on demand through Devengo to make instant payments in 3 Euro-zone countries for more than 12.000 workers has increased our worker's satisfaction and the NPS by 15 points”
Ernesto Cortés Torres
Global Product Operations Manager
“Devengo's API allows us to pay claims to our clients quickly, safely, and in a 100% automatic manner, avoiding errors in payment operations and reducing our resources dedicated to manual tasks.”
Pablo Pazos Rey
Founder & co-CEO
“Among the instant payment providers we use, Devengo has the best success rate results. So, employees who request advance payments in our app have fewer complaints, and we have less support work.”
Avinash Sukhwani
Co-Founder
Commitment to Security Culture
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Fraud Defense
Devengo thwarts fraud through automated KYB, AML, and CTF compliance seamlessly embedded in our platform -
Round-the-Clock Monitoring
Our platform is under constant surveillance 24/7 to ensure robust health and availability, prioritizing your security -
Rapid Incident Response
Equipped with a stringent security incident management procedure, our team is trained to swiftly respond, ensuring business continuity -
ISO 27001 Certified
We proudly hold the ISO 27001 certification, the gold standard in security. Trust us for certified peace of mind
FAQs
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Is Devengo a bank?
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Where does Devengo operate now?
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Is it necessary to create an account (IBAN) with Devengo to operate?
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Is it necessary for my company and clients to go through an AML onboarding to operate?
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How long does it take for a client to integrate our API?
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Does Devengo offer card-issuing services?
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Is Devengo offering its services through Open Banking?
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Is it necessary for my company and clients to go through an AML onboarding to operate?
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Can I create accounts in different currencies?
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Can I create and orchestrate accounts for my clients?
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What is an escrow account?
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What is a virtual IBAN?
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What is an e-wallet?
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What are Push Payments?
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What are SEPA Instant Payments?
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How do we help with automatic payment reconciliation?
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What percentage of the Devengo Payments are delivered?
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What percentage of the Devengo Payments are instant?
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What are Pull Payments?
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What is the Request-to-Pay scheme?
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What is the difference between Payment initiation and Request to Pay?
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When will SRTP be operational in Devengo?
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What are Account Verifications?
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How does the current Devengo's Account Verifications service?
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In what countries will Devengo offer this service?
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When will VOP scheme be operational in Devengo?
Let us find the best financial infrastructure for your case
We will offer you the solution that is most efficient and convenient to solve your money flows, whatever they may be. We’d love to hear from you.