ConnectPay teams with Salt Edge to provide open banking payments

Electronic Money Institution ConnectPay has linked with Salt Edge, a provider of banking banking solutions, to boost its open banking offering.

Lithuania-based ConnectPay one of the fastest growing Electronic Money Institutions (EMI) in Lithuania and claims it is the leading FinTech hub in continental Europe and provides banking services for internet-based companies.

ConnectPay, one of the fastest-growing Electronic Money Institutions (EMI) in Lithuania, joined hands with Salt Edge, a leader in providing open banking solutions, to offer the best payments experience to its customers in Germany and the Netherlands.

According to FinTech Finance, the Salt Edge Payment Initiation solution will allow ConnectPay to integrate with a list of all required financial institutions and offer merchant services based on open banking in Germany and the Netherlands.

ConnectPay CEO Marius Galdikas said, “Collaborations and partnerships drive the FinTech industry forward. Salt Edge lived up to our expectations and offered a one-size-fits-all solution to reach the most popular financial institutions in Germany and the Netherlands, rather than integrating them one by one. Combining the strengths of Salt Edge and ConnectPay will enable us to offer high-quality merchant services to our e-commerce customers.”

Salt Edge VP Vasile Valcov added, “We are excited to join hands with ConnectPay, a company dedicated to providing the most innovative solutions and seamless user experience to merchants through open banking technologies. Our solution provides ConnectPay access to major banks in Germany and the Netherlands with a single connection and enables them to offer high-quality merchant service to their customers.”

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