E-payment network Paysera expands to Kosovo

Monday 29 June 2020 12:08 CET | News

The electronic payment network Paysera has announced it is expanding to Kosovo, allowing reduced transfer prices and no crediting fees. 

The Central Bank of Kosovo has already granted Paysera Kosovo the first Electronic Money Institution (EMI) licence in the country. Paysera started operating in the Baltics 16 years ago, and its 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. The Central Bank's licence for the international payment network means cheap and safe transfers, as Paysera is bringing the European rates to Kosovo. Kosovo residents and businesses now pay EUR 25 for a money transfer to EU countries, but this will change. It will not cost individuals to send money domestically and to EU countries through the Paysera online banking and app, and the fee for business will not exceed EUR 1.

Paysera will offer the Kosovo market with payment cards, cheap or free transfers via the app, online payments, and payment gateway solutions for business, as well as mobile payments through Google Pay or Samsung Pay, and in the future Apple Pay. Kosovo residents can already download the Paysera mobile app from Google Play and App Store, but they will not be able to take full advantage of the electronic money institution until the end of 2020.

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Keywords: Pan-Baltic, electronic payments, Paysera, Kosovo, transfers, fees, online payments, safety, online banking, mobile payments, electronic money, payment gateway
Categories: Payments & Commerce
Countries: Kosovo
This article is part of category

Payments & Commerce