myTU, the AI-native, cloud-first digital banking platform, has introduced SEPA Direct Debit to expand its payment capabilities for businesses across the European Union. The new feature enables companies to collect both recurring and one-off payments directly from customer bank accounts under the SEPA CORE scheme.
SEPA Direct Debit offers an efficient, automated, and consent-based method for charging customers, helping reduce friction in the payment experience. Once a mandate is approved, payments are collected automatically, making the service ideal for businesses in sectors such as subscriptions, utilities, telecom, insurance, lending, education, and mobility.
Raman Korneu, CEO and co-founder of myTU, said: “This new infrastructure supports a billing model where routine payments become practically invisible to the end user. Our goal is to take complexity out of finance operations and give businesses more control. We’re building a platform where payments, onboarding, cards, and now SEPA Direct Debit work seamlessly together through a single, programmable API.”
The solution gives businesses full control over the SEPA Direct Debit lifecycle. Through myTU’s unified API, they can create, store, update, and delete mandates; submit collection requests; and receive structured callbacks at each stage of the process. Built-in Verification of Payee (VOP) reduces errors during setup and helps ensure payment success.
Compared to card payments, SEPA Direct Debit offers lower costs and improved reliability. It eliminates issues like card expiry, token churn, or failed charges, while scheduled collections help avoid late or missed payments. The feature follows myTU’s security standards, including ECDSA signatures, IP and DNS validation, secure timestamps, and bidirectional authentication. Real-time event notifications support automated reconciliation and smooth integration with accounting, ERP, or billing systems.
SEPA Direct Debit joins myTU’s expanding banking stack, which includes instant pay-ins and payouts, card issuing and acquiring, and digital onboarding. With this latest release, myTU continues to deliver a complete payment infrastructure for modern, API-first businesses operating across Europe.
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