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
Licence type
Electronic money institution licence: https://www.lb.lt/en/sfi-financial-market-participants/uab-connectpay
Member of industry associations and/or initiatives
Company’s motto
One-stop-shop for all your banking needs
Service provider type
Payment Gateway
Yes
Payment Service Provider – Acquirer
Channels – context
Online
Payments capabilities
Recurring billing
Payment methods supported
Yes – 3
Settlement currencies
Yes – 1
Instant settlement
Pay-out/Disbursements
Payments orchestration
Reconciliation and reporting
B2B payments
Reporting/dashboards
Consolidated data and reporting dashboard
Fraud and risk management capabilities
Chargeback management
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
Current account/settlement account
Client onboarding (KYC/KYB)
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