Fintech as a Service at Scale

The digital-asset landscape is confronting a striking paradox. On one hand, stablecoins – cryptocurrencies pegged to traditional assets – represent an immense store of value. Users collectively hold hundreds of billions of dollars/euro in stablecoins globally. On the other hand, their real-world utility for everyday payments remains modest.

In the modern financial landscape, issuing payment cards is no longer the exclusive domain of traditional banks. The rise of embedded finance and Banking-as-a-Service (BaaS) has empowered a wide range of businesses - from fintechs to e-commerce platforms - to create their own branded card programs.

As a business owner, you've likely encountered those moments when a customer's card payment seems to vanish from their account, or you've handled a return that takes days to process. While both scenarios end with the customer getting their money back, they involve two distinct payment operations: a reversal and a refund. 

NovaPay EU UAB is a Lithuania-based fintech company with Ukrainian origins, and an essential part of NOVA Group. Entering the European market, the company is launching an app created for Ukrainians and Europeans—especially for those who already know and trust the NovaPay brand—combining its strong track record in developing financial services in Ukraine with new opportunities across the EU.

Are you a business owner in the European Union with an iOS app, looking to optimize your digital sales strategy? The landscape for in-app payments has changed, and understanding these shifts can significantly impact your bottom line. As of 2024, new regulations under the EU Digital Markets Act (DMA) allow for the use of external payment service providers (PSPs) within third-party iOS applications.

Discover the success story of Commonwealth Bank in the Bahamas! Verestro's key contributions included the implementation of Apple Pay functionality and robust tokenization services.

Interested in launching a payment card program? Before you dive in, you need to understand the different card issuing models. Our latest article breaks down the three main options: co-brand, affiliate license, and principal membership. We'll help you navigate the financial benefits and costs of each, so you can choose the right path for your business and avoid costly mistakes.

The way we pay has transformed dramatically, moving far beyond the familiar plastic card. While new innovations like the payment ring recently introduced by Polish bank PEKAO S.A. often capture headlines as revolutionary, this renewed push by major banks to popularize wearable payments is a testament to a concept that is anything but new. A closer look at history reveals a long, evolving journey of integrating payment functionality directly into our everyday accessories.

Apple updated iOS to allow third-party access to the NFC functionality. Quickly launch NFC for iOS with Verestro!