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News

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

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

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

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

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

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

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

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

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

Digital May: joining conferences all around the globe with the comfort of your couch

Our event roadmap for Q2 was packed with numerous conferences and exhibitions to attend, panels to share our insights at. Then the ‘C’ thing came but it only took weeks for the market to rearrange and reschedule. Same events took digital shape, same panels got even more comfy while attended from the couch. Follow our […]

21/04/2020

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

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

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