Paysera HQ
Important news about Paysera: company group and services development, numbers, achievements, and other important information.
Paysera clients who have Visa payment cards will now be able to confirm their payments via the Paysera app when making payments in online shops using their cards. The app replaces the additional authorisation of payments by passwords, which used to be sent by SMS messages or e-mails.
The financial technology company Paysera launches a new logo and new tagline: "One app – endless possibilities". This change reflects the shift of services to a super app and the geographical expansion into global markets.
The financial technology company Paysera has noticed a growing interest among Ukrainian citizens in opening accounts in the European Union.
Paysera, one of the largest and longest-running financial technology companies in the Baltic States, shows solidarity with Ukraine while also reducing risks in the Russian market. The company will no longer process transactions in Russian roubles, close its Russian clients' accounts, and restrict money transfers to and from Russian banks. The company encourages other financial institutions to stand in solidarity with Ukraine and suspend operations related to Russia.
Paysera's Board of Directors has appointed Gintautas Mežetis as the company's new CEO as of February 1. One of the key challenges for the new CEO is the seamless expansion of Paysera into the banking business. The Bank of Lithuania approved the appointment of the new Paysera CEO in December.
The fintech company Paysera is now offering e-shops, their customers, and other clients the possibility to check the status of the company's and third-party systems and scheduled maintenance work. The systems can be checked and monitored at status.paysera.com
November is famous for its discounts, whilst December – for the last minute Christmas gift shopping. However, at the end of the year the internet is loaded not only with great offers but also by scams and phishing attacks – taking advantage of distracted impulse buying. How to avoid phishing and not to lose money when doing your Christmas shopping?
The Paysera team is already packing its bags before the takeoff to Barcelona, Spain, where company representatives will participate in a 4-day-long Mobile World Congress event. During the networking sessions, the team is hoping to meet its future business partners and has an open call to anyone interested in mingling.
The Central Bank of Albania has granted an electronic money institution (EMI) licence to Paysera Albania, making it the third country in the Paysera Network to secure this licence. Other licences are currently held by the Network pioneer Paysera Lithuania as well as Paysera Kosova.
The Lithuanian-born e-payment network Paysera is expanding to Spain, where the company Paysera España was established in the city of Valencia. Paysera, the payment processor of the majority of Baltic e-shops, is starting its business in Spain with local partners.
Paysera LT, a Lithuanian-born fintech company that collects e-payments for the majority of Baltic e-shops and provides payment services, has raised its authorised capital from EUR 3 million up to EUR 7 million. The capital was raised from the accumulated profit.
Many residents in the Baltics have listened to the recommendations of medical professionals and governments to stay at home and shop for the holidays safely. This is evident from the growing holiday trade online. During the first half of December, shoppers spent 62% more money in Baltic e-shops than at the same time last year. Paysera LT, a payment processor which helps to collect buyers’ e-payments for the majority of Baltic e-shops, has calculated that the turnover of some merchants was doubled.
Black Friday, one of the largest sell-offs in the Western world, focused online this year due to the COVID-19 situation. Buyers who wanted to avoid crowds in physical shops flooded Baltic online stores and spent twice as much as on the last weekend of November 2019, calculated Paysera LT, a payment gateway provider assisting e-shops in collecting buyers' e-payments.
Black Friday, one of the biggest sale campaigns across the Western world, will be slightly different this year in the Baltics due to COVID-19 restrictions, but still as intense as ever. According to the payment processor Paysera, the volume of e-commerce on the previous, ordinary, weekend has already exceeded the sales of last year’s Black Friday weekend. Thus, residents in the Baltics are expected to spend approximately 50–60% more money online on the last weekend of November than the previous year.
Paysera, having started trading physical gold at the end of September, which is unusual for fintech companies, in two months sold over EUR 1.4M worth of gold bars and coins. Most buyers have not collected their precious metal and it remains in the storage facilities of the company.
The Lithuanian-founded electronic payment network, Paysera, which provides a current account, money transfers, and in-store payment gateway services, is expanding to Albania. Paysera Albania, the third company of the Paysera network in the Balkans, is opening in the capital city, Tirana.
Paysera LT has started trading gold. Unlike other fintech companies, Paysera LT will trade in actual bars and coins rather than units of this precious metal sold on the exchanges. Buyers will be able to store their gold, purchased via the app, at the company’s storage facilities, order home delivery or pick it up at the company HQ.
Earlier this summer we announced some exciting news – Paysera Kosova secured the very first Electronic Money Institution (EMI) licence in Kosovo. It comes almost 10 years after the same thing happened in Lithuania, putting Lithuania on the world fintech map and boosting its e-commerce through easy and cheap online money collection. Since then the electronic payment network Paysera also settled in Estonia, Latvia, Bulgaria, and Romania, hoping to repeat its success story in these emerging markets.
Shopify, one of the world's most popular e-commerce platforms, has integrated the ability to pay through the Paysera payment gateway. With Lithuania's largest electronic money institution enabled as an official payment processor of Shopify, e-traders will be able to activate customer payments through financial institutions with just a few clicks of a button.
Probably a good number of people or businesses have had to give up their initial thoughts of buying a car from abroad or making another purchase for fear that the seller could be unreliable. An escrow account opened for the seller and the buyer by Paysera LT will create more trust between the transaction parties.
The European Payments Council has decided to increase the instant transfer limit from EUR 15,000 to 100,000 for residents and businesses in the euro area, starting July 1. From now on, even more transfers will reach recipients immediately after the money is sent.
The Lithuanian-capital e-money network Paysera announced about its development to the Balkans, Ukraine, and Spain. What does it mean for the company's clients in Lithuania? Listen about it on our show "Finansų neformalai" (casual financiers), where we will speak to the main shareholder of Paysera Kostas Noreika.
EUR 50 limit for contactless payments with Paysera Visa card, increased during the quarantine, remains
Modern scammers can sound very professional – they can speak politely and seem sophisticated, know your name, and even wish you a nice day after ripping you off. But don’t let them fool you!
Starting June 1, Marius Pareščius, IT expert, businessman, and innovator, will be responsible for the development of the Paysera group abroad. He was appointed Vice President for Development of Paysera LTD.
As the result of the quarantine, a growing number of events is held online. The ticketing system Paysera Tickets states that the number of online events has grown by three times during the quarantine.
After the announcement of the nationwide quarantines, many companies had to rethink their business models and shift to the e-commerce sector.
There have been countless unsuccessful attempts to introduce payments by QR codes in Lithuania. Recently, the mobile payment platform "MoQ" has also announced cessation of its activity. Despite all this, the possibility to pay by QR codes in Lithuania remains.
In these times of uncertainty, we will do our best to provide stability and confidence to our clients, partners, and employees.
The second Black Friday in almost two years of the pandemic has confirmed the predictions that the Covid-19 period will boost some people's online shopping habits, while others will develop and adopt new ones.
After examining the punitive measures issued to Paysera by the Bank of Lithuania, Vilnius Regional Administrative Court found two fines for procedural violations to be unjustified and reduced the total fine by 170,000 EUR, to 200,000 EUR.
Paysera, a fintech company that provides payment gateway services for e-shops and other financial services, is strengthening its position in e-commerce by launching its newest project, Lockers – the first carrier-neutral parcel locker network in Lithuania. The lockers will be available for any courier service provider to deliver and store parcels.
Research on online shopping behaviour shows that on average, seven in every ten visitors add items to their online shopping cart, but leave without completing their purchase. Online merchants are trying to figure out the main reason why their customers abandon their carts in order to recover a good deal of the revenue as well as help their customers to reach their products more easily. Luckily, the fintech company Paysera, came up with a solution for the Baltic market on how to turn the abandoned shopping carts into purchases.
The National Bank of Ukraine has included the fintech company Paysera in the country's Register of Payment Systems. After technical preparation, the company will be able to offer faster transfers to and from Ukraine to private customers, transactions in hryvnias, euros, US dollars, and conversion of hryvnia and other currencies.
In Romania, one of the fastest-growing e-commerce markets in the EU, the fintech company Paysera started providing a payment initiation service based on open banking where online payments are made by initiating them from an account with the buyer’s bank. Paysera is among the first providers of this technology in Romania.
No business cards, leaflets, handshakes, at least 1.5 meters distance between people, digital attendance certificates, COVID-19 tests every 72 hours, constantly worn FFP2 respirators, this is the new reality of business exhibitions. Nine Lithuanian information communication and technology companies experiences this reality at Mobile World Congress, a global tech event in Spain on June 28-July 1.
The fintech company Paysera had a record-breaking sixteenth year of operation. As global commerce moved online due to the pandemic, the volume of online payments processed by Paysera grew rapidly in the second half of 2020, bringing the company its best results on record. Meanwhile, the search for targeted business development directions and local partners allowed the fintech to set foot in Spain, Ukraine, Kosovo, and Albania. This is the first time Paysera network companies open their doors in four countries in one year.
The fintech company Paysera has integrated the German neobank N26 into its payment gateway. Now e-shops, that the company provides payment processing services to, will be able to accept payments via the N26 app. The service will cover almost the whole euro area.
The fintech company Paysera has won the public tender “E-payment service for a road user charge” announced by the State Enterprise Lithuanian Road Administration.
The Central Bank of Albania has issued an electronic money institution (EMI) licence to Paysera Albania, a company of the Paysera network. Now the company will be able to provide money transfers, a payment gateway for e-stores, and other financial services in this Balkan country.
We tend to rely more and more on smartphones and their functionality in our daily lives. This is evidenced by a survey of U.S. residents conducted by Twigby in May 2020, where a surprising 39 per cent of participants stated that, due to social distancing, they started using their smartphones for longer periods and more often. Companies worldwide are motivated by this trend to increasingly focus on the development and growth of apps. Some companies set even higher goals for themselves – for example, the fintech company Paysera considers that it has already grown beyond its current app and is ready for a new ambitious step – the super-app.
The Lithuanian-born fintech company Paysera, collecting e-payments for the majority of e-shops in the Baltics and providing financial services almost everywhere in the world, provides client support in English 24/7 since March.
From now on, clients of the global financial platform Revolut will be able to pay more easily for their purchases in European online shops where payments are collected by the payment processor Paysera. The fintech company has integrated payments via Revolut among 80 other payment methods in 19 European countries.
The Lithuanian-capital e-money network Paysera announced about its development to the Balkans, Ukraine, and Spain. What does it mean for the company's clients in Lithuania? Listen about it on our show "Finansų neformalai" (casual financiers), where we will speak to the main shareholder of Paysera Kostas Noreika.
Paysera LT, a Lithuanian-born fintech company collecting e-payments for the majority of Baltic e-shops and providing payment services globally, received EUR 13 million in revenue, which exceeded the revenue of 2019 by 17 per cent, the Company’s unaudited net profit in 2020 was EUR 3.4 million, compared to a profit of EUR 2.02 million the year before.
VILNIUS — December 9, 2020 — Paysera LT, the e-money institution that offers current accounts and money transfer services globally, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.
Uncertainty surrounding the event market has affected the sales of tickets, and especially season tickets. However, the Paysera Tickets event ticketing system offers a solution for making event-goers interested in season tickets once again. From now on, organisers may distribute season tickets allowing event-goers to sell their tickets to one or several events on their self-service account if they cannot attend them.
The largest Lithuanian-based electronic money institution "Paysera LT" received calls from clients about mobile scammers who introduce themselves as company's employees and try to trick clients into performing payments to online gaming platforms.
One of the largest Lithuanian electronic money institutions, Paysera LT, generated EUR 11.05 million last year, which exceeded the results of the previous year by more than 15 per cent. 2.7 million transactions were carried out through the Paysera payment system throughout last year, amounting to a total of EUR 5.9 billion.
