Paytend is an EMI-licensed financial institution offering SEPA bank accounts, payment acquiring (Pay-in), and payment issuing (Pay-out) services. They also provide global fast transfer services and support co-branded Visa and Mastercard card issuance, including Mobile SoftPOS and e-commerce acquiring solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional banking solutions often involve cumbersome processes, limited accessibility, and a lack of integrated services, especially for businesses and individuals operating internationally. Existing cross-border payment systems can be slow, expensive, and lack transparency, hindering efficient financial management.
Solution
Paytend offers a comprehensive digital banking platform that provides individuals and businesses within the European Economic Area (EEA) with IBAN accounts and a suite of financial services. The platform enables users to open accounts online, manage funds via a mobile app, and conduct both online and in-store transactions. Paytend facilitates global fast transfers to over 100 countries with real-time exchange rates and supports co-branded Visa and Mastercard issuance. Additionally, Paytend provides payment acquiring solutions, including e-commerce and in-store options with smart POS, MPOS, and Soft POS capabilities, streamlining payment processing for merchants.
Target Audience
Paytend targets individuals and small to medium-sized businesses operating within the EEA, particularly those involved in international transactions and seeking efficient, mobile-first financial solutions.
Features
- IBAN accounts for personal and business use within the EEA
- Global fast transfer service to over 100 countries with transparent exchange rates
- Prepaid Mastercard and UnionPay debit cards with balance limits up to €100,000
- Mobile banking app for account management, payments, and transaction tracking
- E-commerce acquiring solutions supporting Visa, Mastercard, UnionPay, WeChat Pay, and Alipay
- In-store acquiring solutions with smart POS, MPOS, and Soft POS options
- Multi-terminal management for monitoring acquiring funds from different branches
- Integration with multiple card associations and local payment gateways