Black Friday: Online shoppers spent 5% more than last year
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.
Court nearly halved a fine issued to Paysera by the Bank of Lithuania
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 to launch parcel locker network open to all couriers
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.
One integration, several couriers: Paysera launches a Delivery service for e-shops
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.
Paysera is accredited in Ukraine, next step - the country's EMI licence
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.
Paysera starts providing a payment initiation service in Romania
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.
Lithuanian ICT companies present new products and services at Mobile World Congress, the first live business event in one and a half years
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.
Paysera 2020: Record Audited Revenue and Profit
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.
Paysera to offer payments via N26 to e-shops in 18 EU countries
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.
Road tolls to be collected via the Paysera payment gateway
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.
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.
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.
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.
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.
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.
Watch the show...
Paysera 2020 Earnings: Revenue And Profit Surges On E-commerce 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 Kosova 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.
EUR 50 limit for contactless payments remains valid
EUR 50 limit for contactless payments with Paysera Visa card increased during the quarantine remains valid.
"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.
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.
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.
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.
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.
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.
I-VII, 12:00AM - 12:00AM (UTC+3)