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CatalystPay bolsters its payment ecosystem with Paynetics

By Gloria Methri

April 04, 2024

  • Bulgaria
  • CatalystPay
  • E-money Licence
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Paynetics, Digital Payments, FinTech, Bulgaria, Europe, CatalystPay CatalystPay has announced a strategic partnership with Paynetics to enhance its comprehensive payment solutions network further. Paynetics, one of Europe’s leading embedded finance providers, holds an e-money license to extend its offerings across the European Union. The collaboration helps to expand CatalystPay’s European ecosystem of acquiring bank partners.

“This partnership underscores our commitment to a multi-acquiring strategy designed to elevate reach, visibility, and sustainable growth for digitally native businesses within Central and Eastern Europe (CEE) and beyond,” said Stefan Zisov, Chief Operations Officer at CatalystPay.

The partnership enables CatalystPay to offer settlements in Bulgarian Lev (BGN) alongside other currencies, helping digital merchants streamline their settlement processes and avoid unnecessary foreign exchange fees. This is a strategic advantage for local businesses seeking to expand their operations internationally.

Moreover, the alliance with Paynetics reinforces CatalystPay’s foothold in the local and regional markets, which are already enabling businesses to achieve their international expansion goals. In an era where digital payments are surging, fueled by the digitalization of commerce and services, such partnership is poised to meet the dynamic needs of merchants and consumers alike, offering access to a diverse range of payment methods, including credit cards and digital wallets like ApplePay and GooglePay.

By joining forces, CatalystPay and Paynetics are set to fortify the local and regional FinTech ecosystem, offering unprecedented access to the local market and facilitating global reach for local entities with ambitious international aspirations.

“We are excited to announce our strategic partnership with CatalystPay, a leading player in the payment ecosystem. This collaboration will further enhance our capabilities and strengthen our position as Europe’s leading regulated FinTech. Together, we aim to revolutionize the payment industry and provide innovative solutions to our clients,” added Ivo Gueorguiev, co-founder at Paynetics.

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