Can I edit/change the name of the beneficiary with the option to store it later on if I need to send funds to the same person/company?

You can change the following contact details:

• Individual payees
  • First and last name
  • Nickname
  • Address (for certain countries)

• Business contacts
  • Company name
  • Nickname
  • Address (for certain countries)

You can't change bank account details for individual and business contacts.

When you send money to a person, their details are saved to your contact list.