Modulr partners with Nomi to improve efficiency of payroll payments

London, 19th February, 2025: Embedded payments leader, Modulr, today announces an exclusive partnership with cloud accounting software provider, Nomi, making it the first integrated payroll payment solution within Nomi to use Faster Payments - the UK’s real-time payment network. This integration will enable accountants and businesses using Nomi to automate and streamline payroll payments - saving time, reducing errors and enhancing payment security.

Payroll processing remains a major administrative burden for UK businesses, especially amid rising wage costs, economic uncertainty, and growing cash flow pressures. Outdated systems and manual processes often lead to inefficiencies, delays, and unnecessary stress for businesses and their employees. In fact, the Global Payroll Association revealed that a quarter (25%) of UK PAYE employees have received an incorrect payslip from their employer, with nearly half of those affected (46%) experiencing this issue more than once. Modulr’s integration with Nomi eliminates the need for Bacs files and manual payment processing, allowing users to make payroll payments seamlessly within the Nomi software.

By leveraging Modulr’s direct access to Faster Payments, accountants and businesses can clear payroll transactions within 90 seconds, including at weekends and bank holidays—removing the traditional three-day Bacs wait time. This ensures employees are paid accurately and on time, every time, while giving businesses more flexibility and control over their financial operations.

Gary Zouvani, Group Operations Director at dns accountants, comments; “We love this latest integration, it saves us so much time and cuts out the potential for human error. We’ll be promoting this to our clients as well!”

"This partnership with Nomi represents more than just faster payroll payments” says Steve Bradford, Managing Director of Channel and Strategic Partnerships at Modulr. “It’s about redefining how businesses can manage cash flow and employee pay cycles in an increasingly on-demand world. The flexibility of real-time payments means businesses can process payroll when it suits them, not when outdated banking rails dictate. This is the future of payroll, where automation and instant payments work together to remove the friction and financial stress that too many businesses and employees still face."

Sandeep Tyagi, Chief Technology Officer at Nomi, says; "The integration of Modulr and Nomi is set to revolutionise how accountants and businesses manage their finances. With instant, automated payments, 24/7 payroll processing, enhanced security, and seamless automation, this partnership delivers unmatched efficiency, flexibility, and a superior payment experience—all within a secure and compliant framework."

Find out more about the Modulr Nomi integration here.

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At Modulr, our vision is a world where all businesses are powered by embedded payments.

Modulr enables thousands of businesses, from SMEs to enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment methods, accounts, and card products.

Modulr processes and settles over 200m transactions with value of over £150bn, on an annualised basis.

We’ve created an industry-leading platform with comprehensive online tools and API access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability also enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance and Investment & Wealth.

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs, and hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in a range of currencies. We are principal issuing members of Visa and Mastercard across the UK and Europe.

Our regulatory permissions and governance structure underpin our business. We are regulated as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.