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Paysera gains a foothold in Albania: the company was issued an electronic money institution licence

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.

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Fintech company Paysera dips its toes in super-app waters

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.

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Paysera to provide 24/7 client support in English

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.

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Good news for online shoppers: payments via Revolut are available in e-shops serviced by Paysera

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.

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Will online trade remain as popular after the pandemic?

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.

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Paysera 2020 Earnings: Revenue And Profit Surges On Ecommerce Boom

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.

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Paysera expands to Spain: company established, to be followed by a client service network

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.

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Paysera raised its authorised capital by four million euro

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.

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Festive trade online increased by 62%

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.

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Paysera Brings Apple Pay to Customers

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.

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This year Black Friday shoppers spent twice as much as last year

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.

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Paysera predicts Black Friday turnover for e-shops to be 50% higher than in 2019

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.

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In two months Paysera sold EUR 1.4M worth of physical gold

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.

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Paysera continues to expand in the Balkans: launched in Albania, eyeing Serbia

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.

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The new way to do things: Paysera Tickets will distribute season tickets that can be sold on the aftermarket

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.

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Fintech Paysera starts trading physical gold

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.

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Paysera became an official payment processor of Shopify

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.

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More opportunities to buy a vehicle from abroad safely: Paysera launches an escrow service

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.

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To start or not to start fintech company during recession?

Microsoft, IBM, HP, Disney, FedEx, 3M. What do these companies have in common? They started their business during a recession.

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SEPA Instant transfer limit increases from EUR 15,000 to 100,000

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.

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Paysera electronic payment network has arrived to Kosovo: transfer prices will reduce, there will be no crediting fees

The electronic payment network Paysera is expanding to Kosovo. The Central Bank of Kosovo has already granted Paysera Kosovo the first Electronic Money Institution (EMI) licence in the country. When Paysera started operating in the Baltics 16 years ago, transfer rates in the region were similar to those in Kosovo today, but competition led to cheaper domestic and international transfers, leaving no fees for crediting of transfers. Representatives of the licensed international network claim that transfers to Kosovars will also become cheaper, some by 25 times.

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EUR 50 limit for contactless payments remains valid

EUR 50 limit for contactless payments with Paysera Visa card increased during the quarantine remains valid.

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"Paysera LT" warns clients about mobile scanners pretending to be company's employees

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.

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Marius Pareščius to take care of Paysera’s development abroad

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.

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Results of the Paysera LT audit: revenue increased by 15%, transfer turnover approached EUR 6 billion

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.

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Ticket distributors: the number of online events tripled during the quarantine

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.

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E-shop numbers jump amid the national quarantines

After the announcement of the nationwide quarantines, many companies had to rethink their business models and shift to the e-commerce sector.

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What does the future hold for QR codes in Lithuania?

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.

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