🚨 Research from UK Finance reveals that 1.5 million adults primarily used cash in 2023, marking the first rise since 2019, highlighting that amidst the cost of living crisis, cash is still king for many. 📈 Interestingly, while cash usage rises, nearly three-quarters (72%) of 18 to 24-year-olds are turning to digital wallets for contactless payments. 🚀 In tough times, cash offers control and simplicity. Traditionally, banks and fintechs have mimicked this ease. But now, #EmbeddedFinance opens the door for corporates and the public sector to seamlessly integrate banking and payment solutions. The future of banking lies beyond banks and fintechs, extending to companies and organisations trusted by consumers. 💡 Read more on how payments are changing in a latest BBC article. ➡️ https://lnkd.in/gg4_Gj7b #DigitalWallets #Payments #EmbeddedFinance #Fintech
Paynetics
Financial Services
Sofia, EU 11,683 followers
Simplifying payments: Issuing, acquiring, IBAN accounts, money transfers, digital banking platform, SoftPOS. Together.
About us
Paynetics is a leader in B2B payments and a digital banking platform provider. We are on a mission to simplify payments. We are pioneering a new type of FinTech company – we work to be Europe’s leading "regulated fintech" – combining the trust that comes from being an e-money institution and principal member of Mastercard, VISA, SWIFT and SEPA with the digital DNA and innovation of a fintech. We help our clients to introduce new financial services within industry-leading time to market via our digital banking platform with multiple entry-points across card issuing and acquiring, IBAN accounts, bank transfers. In e-commerce acquiring our one-stop solution combines a quick on-boarding process with robust processing technology. In card issuing we have a wide range of options for our partners. Accepted worldwide, our cards can be digitalized on a mobile phone and offer other features such as loyalty, rewards, parental control, and more besides. Our BIN sponsorship services provide the fastest and simplest way to launch a card program, significantly shortening the time to market. As a principal member of SWIFT and SEPA we offer fully functional IBAN accounts with the same facilities as regular bank accounts, but reducing administrative costs and complexity for you. We’re developing an alternative payment ecosystem - through interoperable white labelled eWallets, QR payments and world’s first Android-agnostic Software Point of Sale (POS). We work with our partners to implement any of these services as “point solutions”. But the real benefit of working with Paynetics comes from working with us across a range of services to greatly improve implementation time for you, and time to cash for your customers. We have a team of payment experts who helped introduce ATMs and chip cards to entire nations and re-established financial systems of whole countries. Whatever your payments challenge, we can help you meet it. We offer payments, simplified.
- Website
-
https://paynetics.digital/
External link for Paynetics
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Sofia, EU
- Type
- Privately Held
- Founded
- 2005
- Specialties
- POS, Mobile Apps, NFC, Loyalty and Rewards, Card Issuing, Multicurrency E-Wallet, Account Management, and Money Transfers
Locations
-
Primary
James Bourchier 76A
Hill Tower
Sofia, EU 1407, BG
Employees at Paynetics
Updates
-
💳 What will payments look like now that Apple has released its NFC tech to the world? 📈 Our co-founder Ivo Gueorguiev spoke with Francis Bignell at The Fintech Times about Apple’s potential vulnerability to competitors and the use cases for their NFC chip to watch. 🚨 Businesses must develop advanced payment solutions beyond what’s currently available. We believe enhanced tap-to-pay and improved card acceptance on iPhones will be growth opportunities. 💡 Does this open the door for fintechs to gain more market share? https://lnkd.in/eC8RhjbR #Payments #Fintech #Finance #Paytech
What Will the Payments Market Look Like Now Apple has Released its NFC Tech to the World? | The Fintech Times
https://thefintechtimes.com
-
🚨 Curious about getting to know our co-founder Ivo Gueorguiev? 🚀 Dive deeper into an engaging interview Ivo did with FinTech Profile talking about what stopped him from retiring in 2012, Paynetics’ self-funding journey and the organizational partnership-led business model. Get access to the full interview below 👇 https://lnkd.in/eMY2hyQd #Fintech #EmbeddedFinance #FinancialServices #Finance #Payments
Ivo Gueorguiev, Co-Founder, Paynetics
https://fintechprofile.com
-
🎉 We’re thrilled to announce that Paynetics has become a proud member of The Payments Association - a prominent industry organization in the UK payments sector. As part of this dynamic community, we’re eager to engage in a range of activities, including events, briefings, webinars, CEO roundtables, and networking opportunities. 🏆 At Paynetics, we’re not only a cutting-edge, forward-thinking business but also active community players. Our strategic partnership with The Payments Association accelerates our growth in the UK and beyond. 🚀 We’re excited to connect with fellow payments professionals, share knowledge, and make a positive impact on the industry we’re passionate about. #Paynetics #ThePaymentsAssociation #Fintech #EmbeddedFinance #Innovation #Collaboration
-
-
💡 In an insightful article for Forbes, our co-founder Ivo Gueorguiev discusses how #embeddedfinance offers innovative solutions to address challenges for #SaaS providers. 💳 By integrating financial services alongside their core offerings, SaaS providers can position themselves as comprehensive solutions for their customers’ needs. Ivo discusses how to do exactly that in the article below. 👇 https://lnkd.in/gmm9qC4X #Fintech #FinancialServices #Finance #Payments
Council Post: How SaaS Companies Can Prepare For Embedded Finance
social-www.forbes.com
-
🔔 Our UK CEO, Hana Rolles, was part of an insightful panel discussion at the Zühlke Group Banking Talk last week. 💳 The event delved into today’s challenges and future opportunities in payments, focusing on fintechs and beyond. Key highlights from the discussion: 📈 Payment Rails and Regulations: The panelists explored the current state of payment rails and relevant regulations. 📈 Blockchain, DLT, and Digital Assets: A deep dive into how emerging technologies like Blockchain and Distributed Ledger Technology (DLT) could shape the future of payments. You can catch the entire session by following the link 👉 https://lnkd.in/dQmVrfnq 🚀 Stay informed and join the conversation! #Fintech #Innovation #Payments #EmbeddedFinance #FinancialServices #DigitalTransformation
Payments - Today's Challenges & Future Opportunities - Zühlke Banking Talk
https://www.youtube.com/
-
🌍 As the world embraces sustainable practices, Environmental, Social, and Governance (ESG) factors are taking center stage in the fintech landscape with ESG becoming a fundamental investment, and rightly so. 💡 Practices and policies that align growth with broader societal values are essential for building a sustainable future for all. 🏆 We’ve made some significant steps in driving forward our commitment to a greener future including: 🚀 Acquiring Novus, the UK’s first-ever B-Corp certified impact neobank 🚀 Partnering with Woli Fintech, the money management platform that provides children and teenagers with the tools to manage their finances 📈 Sergiy Fitsak of Softjourn captures the importance of ESG in fintech in this engaging Finextra article. 👇 #Fintech #FinancialInclusion #Innovation #ESG #Finance
The Rise of ESG in Fintech: Ethical Finance's Impact on Fintech Companies
finextra.com
-
🔔 Zühlke Group Banking Talk: Unleashing the Future of Payments! 🗓️ July 2nd at 16:00 CEST 🕓 📣 We’re excited to announce that our UK CEO Hana Rolles will be taking part in the next virtual Zühlke Group Banking Talk! During this engaging event, panelists will delve into the most impactful trends shaping the financial landscape. ➊ Payment System Upgrades: What’s next? How can companies ride the digital wave and incorporate digital assets seamlessly? ➋ Traditional Banks Meet Crypto: Discover more about integrating digital assets while navigating the infrastructure maze. ➌ Lower Fees, Bigger Impact: Explore how reduced fees can supercharge economic activity for businesses and consumers alike! ➍ Speed vs. Security: Learn how to maintain the delicate balance in transactions, especially with instant settlement systems. Secure your spot by clicking the link 👉 https://lnkd.in/dTnqs3YJ #Fintech #Innovation #Payments #EmbeddedFinance #FinancialServices #DigitalTransformation
-
-
💳 Following Apple's recent decision to scrap its "Pay Later" loan scheme, questions arise about the future of Buy Now, Pay Later (BNPL). However, not all is lost for BNPL. There's a way forward as embedded finance offers a chance for #BNPL to evolve which could lead to: 📈 Improved risk assessment: A better understanding of a customer's financial habits can help prevent defaults and overextension. 📈 Personalised offerings: Embedded finance can tailor BNPL plans based on individual spending patterns and needs. 📈 Seamless integration: Frictionless BNPL options within the user's financial ecosystem. 🚀 By embracing #embeddedfinance, BNPL can move beyond the "gimmick" stage and offer real value to both consumers and businesses. #Fintech #FinancialInclusion #Innovation #EmbeddedFinance
Technology giant Apple scraps its Pay Later loan scheme in US
bbc.com
-
🎉 What an amazing week the Paynetics team had at Money20/20 in Amsterdam. 💳 This brilliant event brought together the finest minds in the financial services industry and it was great to meet with our peers and partners across three exciting days. 🌟 During the conference last week, our UK CEO Hana Rolles spoke with Graham Barrett at the c-suite podcast. 🚀 The interview covers Paynetics’ latest partnership with Trading 212, working structures and further plans for European expansion. 🎙️🎧 Listen to their conversation in full here 👉 https://lnkd.in/eFFwu5Nk #Money2020Europe #FintechInnovation #EmbeddedFinance #Payments #FinancialServices #Podcast
-