CatalystPay is teaming up with Paynetics in a move that’s set to improve its payment ecosystem. This partnership is not just another business deal. They’re knitting together a network that’s all about making payment solutions more efficient.
Paynetics stands out in the crowd as one of Europe’s top names in embedded finance, boasting a license as an e-money institution authorized by the Bulgarian National Bank. This gives it the green light to stretch its services all over the European Union.
Expanding Horizons
This collaboration is a big change for CatalystPay, especially when it comes to expanding its European circle of acquiring bank partners. It’s a clear signal of the company’s ambition to serve up flexible and strong payment services that meet the fast-changing needs of digital businesses head-on.
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.
Stefan Zisov, Chief Operations Officer at CatalystPay
One of the immediate perks of this partnership is CatalystPay’s new ability to handle settlements in Bulgarian Lev (BGN), alongside a basket of other currencies. This is a big win for digital merchants in Bulgaria, simplifying their settlement processes and cutting out those pesky foreign exchange fees. It’s the kind of strategic edge that local businesses gunning for international growth have been looking for.
A Boost for the Fintech Ecosystem
Partnering with Paynetics cements CatalystPay’s presence in the local and regional market and changes how businesses can scale their operations globally. In today’s world, where digital payments are skyrocketing thanks to an uptick in the digitalization of commerce and services, this partnership is set to cater to the evolving needs of merchants and consumers alike.
By joining forces, the two companies are gearing up to bolster the local and regional fintech ecosystem, promising unmatched access to the local market and helping local entities shoot for the stars with their 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.
Ivo Gueorguiev, co-founder at Paynetics
