News

Latest news on our projects and products, fintech ecosystem and the rockstars driving our business.

2021-10-01_CP 10 hottest fintech companies list

The CIO Bulletin listed ConnectPay as one of the 10 hottest fintech companies in 2021

CIO Bulletin is an interactive, preeminent leadership platform serving as a central resource for information on Business & Information Technology (IT) leaders and their entrepreneurial ventures. Identifying best practices and informing about how the techie giants, governments, and consumers are unfurling organizational innovation in the Business & IT world. ConnectPay has been recognised by CIO […]

04/10/2021
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ConnectPay – listed as one of the “Top Revolutionary fintech companies transforming business in 2021”

We are celebrating! ConnectPay is recognized as one of the “Top Revolutionary fintech companies transforming business in 2021” by Analytics Insight magazine. Such acknowledgment is a pleasant validation of all the extra miles walked by the restless team to ensure persistent quality. Within three years in the market, we’ve managed to grow our team of […]

22/09/2021
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Reaching for change: ConnectPay joins TechZero to help fight the climate crisis

At ConnectPay, we believe that the business community plays a key role in fighting climate changes and has a lot of power to be a positive example. As we’re determined to take our part, our team has joined TechZero taskforce alongside Revolut, Bulb, Wise and other market players. Our goal is to reach net zero […]

04/08/2021
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ConnectPay welcomes a new Independent Board Member

Nick has over 20 years of international banking and investment leadership experience developed in world class institutions across the EMEA region. Starting his career in JP Morgan’s London derivatives team, he progressed to the International Petroleum Exchange trading floor and Royal Bank of Scotland’s Investment Bank. Nick was then hired by Barclays Wealth, where he held various leadership […]

09/07/2021
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ConnectPay – one of the TOP 10 Lithuanian most attractive startups to work at

Being only 3 years old, we are already one of the fastest growing Electronic Money Institutions (EMI) in Lithuania, holding a secure #2 position among 80 EMIs by the volume of operations according to the public report by the Bank of Lithuania. We managed to double our team during last year and we’re still growing […]

30/06/2021
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ConnectPay joined the Accept my IBAN initiative

We‘ve partnered with Wise (former TransferWise) and other fellow fintechs: N26, Revolut, Monese and more to tackle the IBAN discrimination issue by creating a special reporting platform. A lot of businesses in EU such as telecommunication providers, internet companies or, in some cases, even banks, refuse to accept IBANs, claiming that an IBAN from a […]

01/06/2021
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Introducing a brand new ConnectPay website, Online Banking platform and logo

After working closely with our clients and listening to their expectations and preferences, we have launched a brand-new website and a much more user-friendly Online Banking platform. On top of that, we have also facelifted our logo. Proud as we are of our name and the meaning of staying CONNECTED, we’ve added a lighter & […]

22/04/2021
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The Silicon Review nominated ConnectPay as one of the 10 Best FinTech Companies to Watch 2021

A well known U.S. business reviews magazine the Silicon Review has nominated ConnectPay as one of the 10 Best FinTech Companies to Watch 2021.  While the whole team is excited and proud to be recognized internationally, our CEO Marius spoke exclusively to The Silicon Review sharing his insights about ConnectPay’s journey, goals and business approach. […]

18/02/2021
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ConnectPay begins 2021 by welcoming a new Board member

Rokas will also take the role of Chairman of ConnectPay’s Risk Committee and will be responsible for AML/CTF, risk management and compliance. We highly value Rokas Masiulis experience and roles in his previous positions at EY, major public Lithuania’s regulated enterprises and former Minister of Energy as well as of Transport & Communication. Most importantly, we believe that Rokas will […]

14/01/2021
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Bank of Lithuania grants ConnectPay license extension with two new services: PIS & AIS

Licensed as an electronic money institution (EMI) in 2018, ConnectPay is now going to expand its range of services. With the latest meeting of the Board of the Bank of Lithuania, it has been decided to approve ConnectPay’s request to extend its license with the right to provide two additional services: payment initiation (PIS) and […]

27/11/2020
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Improving Customer Experience With Multifactor Authentication

ConnectPay began as a small Fintech startup in 2017. Company evolved significantly over the early years, allowing ConnectPay to move from running exclusively on a vendor platform to having nearly their entire technology stack built in -house. When migrating systems, however, it became clear that using SMS delivery for authentication was the piece of the […]

16/11/2020
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The real-time trends ready to take over the payments market

The current circumstances called for implementing novel solutions in the payments market to accommodate the heightened demand for cashless options, as well as the need for flexibility to combat pandemic-induced uncertainty. But what are these novel solutions? Buy now, pay later Delayed payments are a budget-friendly shopping option, which may expand as COVID-19 threatens income […]

05/11/2020
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Paytech Awards: ConnectPay announced to be a ‚Rising Fintech Star‘

ConnectPay with Agne Selemonaite in Deputy CEO position have been recognised as a “Rising Fintech Star” in Paytech Awards’2020. This prestigious endorsement is a further validation of the success of ConnectPay and it’s restless management. Less than three years in the market, ConnectPay has won numerous awards in regional payments field together with delivering outstanding […]

11/09/2020
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Four ways the payments industry can withstand a potential second COVID-19 wave

Fintech partnerships with traditional vendors Even after the rapid growth of technology in the past decade, the fintech industry has only grabbed about $187 billion for the first half of 2019, or around 1% of global payments, with plenty of room for growth and disruption. As traditional businesses may struggle to adapt to a second […]

31/08/2020
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ConnectPay awarded as Best Payment Service Provider in the Baltics two years in a row

Launched in 2019 BSG Awards came as a part of MARE BALTICUM Gaming Summit, the leading boutique style gambling industry conference of the Baltic and Scandinavian region. Even at its inaugural edition, BSG Awards became the most important gaming industry awards in the region. ConnectPay won the prestigious Best Payment Provider in Baltics award during […]

06/08/2020
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SCA Deadline is Nearing: is the Market Prepared?

Strong Customer Authentication, or SCA, has officially gone into effect on the 14th of September, 2019. However, with the market being unprepared to roll out the necessary changes till the priorly set date, the European Banking Authority has pushed the final deadline to 31st of December, 2020, with a few exceptions for an even later […]

05/08/2020
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After Wirecard Collapse: An Insider’s View on Mitigating Situation and Third-Party Necessity

Just recently, the payments market was struck by surprise, when Wirecard entered insolvency proceedings, as, upon audit, the industry-leading payment processor revealed to have a 1.9 billion dollar gap in its balance sheet. Following the developments concerning the parent company, Financial Conduct Authority (FCA) enforced its subsidiary in the UK to temporarily “cease all regulated activity” and freeze all currently […]

07/07/2020
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Tal Itzhak Ron: Are live conferences a thing of the past?

The Coronavirus outbreak caught everyone by surprise. It introduced the world with social distancing and self isolation, which in turn brought the world’s economy to a slowdown; and there is hardly any industry that wasn’t affected. The online gambling industry is one of the few that dodged the bullet, but despite the fact that revenues […]

14/05/2020
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Introducing – ConnectPay mobile App!

We have taken the word ‘Easy’ to a brand new level  – today we introduce our new mobile App! Download your iOS version or Android version and enjoy: multi-factor authentication with biometrics at the convenience of your mobile device one-tap approvals: login, payments and more more functionality is being developed every day – stay tuned! According to our CTO Marius […]

11/05/2020
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Iosif Galea: take that independence and make it permanent

ConnectPay has started new content series – Expert opinion – where our partners, acknowledged experts in their field, will share their insights, expertise and advice on various topics. Today we start with a COVID 19 and its consequences related interview with Iosif Galea – a compliance specialist and well recognized legal consultant working with online gaming for over a decade.

03/05/2020
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In the face of global crisis, Lithuanian fintech companies increase investment in legal compliance

Despite the economic crisis caused by the coronavirus epidemic, fintech companies in Lithuania are planning significantly larger investment this year into legal compliance, monitoring and money laundering prevention tools, data from the association Fintech Hub LT, which unites fintech industry representatives, shows.

20/04/2020
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Bank of Lithuania opens up reporting API tests to ConnectPay

The Bank of Lithuania is building a new application programming interface (API)-based solution to improve its reporting process, and it’s revealed three local fintechs will have access to the test data to “make the testing phase more realistic and productive”.

17/04/2020
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Meet Marius – the Man of Technology

“I suppose stubborn would be the right word. I’ve spent a day at Tesla HQ just waiting at the door expecting to be heard, this didn’t happen, oh well, now we are building our own spaceships in a way”, - says Marius Galdikas, the man behind ConnectPays’ technology who claims to be good in typing with his thumbs at his Linkedin account.

16/04/2020