PayTech companies PayPugs, Verifo team up

Online payment solution PayPugs has teamed up with Verifo is expand its banking and payment possibilities.

Verifo, which is an electronic money institution licensed and regulated by the Bank of Lithuania, provides custom-made banking-as-a-service solutions to clients around the world.

Its payment platform support both individuals and legal entities, while its banking-as-a-service tools include EU IBAN provision, card issuance, and SEPA & SWIFT payments procession and more.

The goal of the partnership is to help both businesses remain competitive within the international money transfer market. They believe the way to do this is by reducing transaction fees to end-users, maintaining several partners and reducing transaction time.

Verifo CEO Mantas Staliūnas said, “We’re happy to provide our partner PayPugs with smooth, set-to-use, and, at the same time, easily scalable BaaS solutions to start their own fintech business without struggling with the regulation issues, software development, and resource-intensive operational management.

“Verifo philosophy implies a rapid business deployment under the consulting team’s watchful eyes and full-time competent customer support literally one call away, together with strong and accurate attention to compliance and legal procedures.”

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