IPAYESM2 — SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A.
IPAYESM2 is the SWIFT/BIC code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID, Spain — an 8-character head-office code under ISO 9362.
IPAYESM2 is the SWIFT/BIC code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID, Spain. It is an 8-character head-office identifier under the ISO 9362 standard.
BIC breakdown (ISO 9362)
| Field | Value |
|---|---|
| Institution | SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. |
| Country | Spain (ES) |
| Location Code | M2 |
| Branch | None |
| Type | 8-character head-office code (BIC8) |
⚠️ Critical Money Transfer Warning (YMYL)
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Common Mistakes: Do not confuse the SWIFT/BIC code (identifies the bank branch) with the IBAN (identifies the specific bank account). Using an incorrect branch suffix or a deactivated code can result in payments being returned, delayed, or subject to significant administrative return fees.
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Related codes for this bank
Frequently asked questions
What bank does the SWIFT code IPAYESM2 belong to?
The SWIFT code IPAYESM2 identifies SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID, Spain. This head office code is used for cross-border payments and SWIFT network routing.
What do the parts of the SWIFT code IPAYESM2 mean?
The 8 or 11 characters of IPAYESM2 are parsed as follows: characters 1-4 (IPAY) represent the bank code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A.; characters 5-6 (ES) indicate the country code for Spain; characters 7-8 (M2) specify the location code; and the final characters (—) designate the specific branch.
Is the BIC code IPAYESM2 active on the SWIFT network?
Yes, the Business Identifier Code (BIC) IPAYESM2 is registered under ISO 9362 and is active for routing interbank messages. Location characters 'M2' designate it as a primary active participant.
Can I use the head office code IPAYESM2 instead of IPAYESM2?
Yes. The 8-character code IPAYESM2 represents the primary headquarters of SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A.. The 11-character code IPAYESM2 targets the head office directly. If the branch code is unknown, sending payments to IPAYESM2 (or IPAYESM2XXX) will route them to the main head office.
What is the physical address of the bank registered to IPAYESM2?
The physical address registered for IPAYESM2 is: C/ MARQUES DE VILLAMAGNA 6, FLOOR 3, 28001, MADRID, Spain. Verify this address matches your recipient's branch details before initiating a transaction.
Sources & References
- 🌐 ISO 9362: The official standard defining the Business Identifier Code (BIC) format guidelines.
- 🏢 SWIFT Registration Authority: The organization designated by ISO to register and publish BICs (swift.com).