SWIFT Code IPAYESMM — SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A., MADRID

About SWIFT Code IPAYESMM — SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A., MADRID

SWIFT code IPAYESMM is the official 8-character head-office BIC (Bank Identifier Code) for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID, Spain. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. for all outward international remittances from MADRID. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code IPAYESMM

The code IPAYESMM follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IPAYESMM

Receiving International Wire Transfers

To receive money from abroad at your SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. account in MADRID, share SWIFT code IPAYESMM with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A., MADRID must provide SWIFT code IPAYESMM. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID rely on SWIFT code IPAYESMM for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. →

For cheque clearing or NACH mandates, use the MICR code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. →

For TDS challan deposits, find the BSR code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. →

How SWIFT Code IPAYESMM Routes an International Transfer

1. Initiation: The sender provides SWIFT code IPAYESMM and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IPAYESMM

• Spaces or lowercase letters — Always enter IPAYESMM uppercase with no spaces.
• Using the wrong city — This code is for MADRID only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Spain.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm IPAYESMM directly with SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A.'s MADRID branch or via the SWIFT BIC Directory.