Company Database - ConnectPay

One-stop-shop for all your banking needs

ConnectPay is one of the fastest growing Electronic Money Institutions (EMI) in Lithuania – the leading fintech hub in continental Europe – providing banking services for internet-based companies. By offering a One-stop-shop solution for all payment facilities under one roof, ConnectPay arrays smooth onboarding and boutique banking experience. 

Core solution

ConnectPay stands for 'Banking made easy' – the top priority of the company is to simplify banking processes and the user experience. An integral part of the 'Easy Banking' approach is the companies’ aim to build a 'One-stop-shop' introducing all banking services under one roof.

Geographical presence

EU, EEA

Target market

  • Merchants: digital, e-gaming, gambling, low and high risk, advertising and consulting, online media
  • Marketplaces
  • PSP

Licence type

Electronic money institution licence: https://www.lb.lt/en/sfi-financial-market-participants/uab-connectpay 

Member of industry associations and/or initiatives

  • ConnectPay closely cooperates with the Bank of Lithuania and the 'GovTech Lab' agency to deliver time and effort-saving regtech solutions. The goal is to automate regulatory reporting by enabling market participants to send microdata to the regulator in real time, saving costs and time for both parties.
  • IBAN discrimination initiative: ConnectPay has recently partnered with Wise and other fintech companies like N26, Revolut, Monese to tackle the IBAN discrimination issue. 
  • Tech Zero taskforce: ConnectPay has joined the Tech Zero taskforce to help fight the climate crisis and contribute to the positive environmental change.

Company’s motto 

One-stop-shop for all your banking needs 

Service provider type 

Payment Gateway 

Yes

Payment Service Provider – Acquirer

Yes

Channels – context

Online 

Yes

Payments capabilities

Recurring billing 

Yes

Payment methods supported

Yes – 3

Settlement currencies

Yes – 1

Instant settlement 

Yes

Pay-out/Disbursements 

Yes

Payments orchestration

Yes

Reconciliation and reporting 

Yes

B2B payments 

Yes

Reporting/dashboards

Consolidated data and reporting dashboard 

Yes

Fraud and risk management capabilities

Chargeback management 

Yes

Fraud ratio PSD2/SCA 

Yes – less than 0.01%

Fraud and risk management partners 

In-house

Financial and compliance capabilities

FX – number of currencies available 

Yes 

Current account/settlement account

Yes 

Client onboarding (KYC/KYB) 

Yes

Clients

Main clients/references

https://connectpay.com/#testimonials_block

Awards

Future developments 

Full localisation for Lithuanian market followed by the Baltics, integration between accounting software and banking.

Transactions

Transaction volume 

4.5 million

Transaction value 

EUR 10.7 billion



Contact ConnectPay

Algirdo str. 38, LT-03218 Vilnius, Lithuania +370 666 44600
Vilnius https://connectpay.com/
info@connectpay.com
Lithuania