Verifo is an electronic money institution licensed and regulated by the Bank of Lithuania. Verifo provides innovative, custom-made Banking-as-a-Service solutions to clients globally by leveraging technology, expertise, and dedication to client service.
PayPugs and Verifo partnership make sense on different levels. Both companies have the desire to provide personalized financial services with customer-centric products in mind. The goal of the partnership was the desire to battle against the common challenge of remaining competitive in the fast-growing international money transfer market. The growing market has shown that to stay competitive, financial companies have to reduce transaction fees to end-users, maintain several partners, and find ways for saving transaction time.
Verifo is a modern payment platform whose products and services range from individuals to legal entities. The latest product offers a unique range of Banking-as-a-Service (BaaS) and Software-as-a-Service (SaaS) options, including EU IBAN provision, card issuance, and SEPA & SWIFT payments procession, as well as the White label program.
Partnering with Verifo has been another achievement for PayPugs. Verifo is a huge player in the market with several products and services already established. Access to such well-developed products brings PayPugs one step closer to making payments easier and allowing for a more inclusive global banking experience.
New and existing clients can expect broader and more inclusive payment possibilities. Also, the combination of Verifo and PayPugs BaaS solutions will develop a more advanced solution for those looking for white label banking services for their business.
“Working with Verifo has been a true pleasure. It's great to see another fintech company that believes in providing personalized financial services. In the fintech landscape, partnerships are essential. Not only do they make us faster but also better. PayPugs is delighted to have established a relationship with Verifo in order to achieve better, faster, and cheaper financial services in today's competitive markets” comments Chairman of Board, Alexander Zelinsky.
"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.” - said VERIFO CEO, Mantas Staliūnas
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About PayPugs
PayPugs provides financial services through a partnership with multiple licensed entities equally committed to meeting the highest standards of verification and compliance. Different entities work in different regions for risk reduction and faster access to payment schemes. For more information, please visit https://paypugs.com/
About Verifo
Verifo is an electronic money institution licensed and regulated by the Bank of Lithuania. The company provides innovative, custom-made Banking-as-a-Service solutions to clients globally by leveraging technology, expertise, and dedication to client service. The newly introduced and rebranded self-titled platform is designed to access the wide range of financial services intended both for businesses and individual clients. For more information, please visit https://verifo.com/
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