Lithuanian company Walletto and Fintech Poland: Innovative payment solutions

This strategic partnership acts as a powerful catalyst, injecting dynamism into the Lithuanian and Polish fintech ecosystem. By pooling their respective strengths, Walletto, a prominent electronic money institution regulated by the Bank of Lithuania and a vital participant in STEP2 (SEPA), SWIFT, and TARGET2 joins forces with Fintech Poland, a key orchestrator in the vibrant Polish fintech companies sector. The synergy aims to unlock unprecedented opportunities for growth and global reach.

Polish merchants and fintech innovators

At the heart of this collaboration lies the commitment to provide Polish merchants and fintech innovators with access to cutting-edge financial tools. Innovative payment solutions are set to become more readily available, streamlining operations and enhancing the customer experience. This includes comprehensive acquiring services, enabling businesses to effortlessly accept a wide array of payment methods, both domestically and internationally.

A cornerstone of Walletto's offering is its capability for card issuing, granting Polish fintechs the power to create and manage their own payment cards. This, coupled with seamless integration with Visa and Mastercard, unlocks access to a vast global network, facilitating in-store and online transactions with unparalleled ease. The promise of fast and seamless payment experience for end-users becomes a tangible reality.

Furthermore, the partnership acknowledges the unique characteristics of the Polish market by emphasizing support for the popular BLIK payment method. This integration ensures that Polish merchants can cater to local preferences while simultaneously offering a suite of global payment solutions. 

Vision for payment process optimization

The collaboration extends beyond mere transactional capabilities. It embodies a shared vision for payment process optimization, leveraging technology to create more efficient, secure, and user-friendly financial interactions. By streamlining these processes, Polish fintechs can focus on their core innovations, driving further advancements within the sector.

This alliance is poised to significantly contribute to supporting the growth of Poland’s fintech ecosystem. It fosters a fertile ground for collaboration between startups, investors, and financial institutions, creating a more interconnected and dynamic environment. The exchange of knowledge, resources, and expertise facilitated by this partnership will undoubtedly accelerate the development of financial technology in Poland.

Irina Istjagina, Board Member of Walletto, expressed her enthusiasm about the partnership: "Joining Fintech Poland is a significant milestone for Walletto. We are thrilled to offer our innovative payment solutions to the vibrant Polish fintech community. Our deep partnerships with Visa and Mastercard will empower local companies to seamlessly operate internationally, helping them unlock new opportunities and scale their businesses globally. We look forward to working closely with industry leaders to foster innovation and support Polish fintechs in expanding into new European markets."

The integration of the European fintech community is a broader aspiration that this partnership actively promotes. By bridging the gap between the Lithuanian and Polish ecosystems, Walletto and Fintech Poland are fostering a more unified and collaborative environment across the continent. This cross-border synergy can serve as a model for future collaborations, strengthening the overall European fintech landscape.

Strategic alignment of visions aimed at propelling Polish fintech companies

In essence, the alliance between Walletto and Fintech Poland is more than a simple business agreement; it is a strategic alignment of visions aimed at propelling Polish fintech companies onto the global stage. By providing access to innovative payment solutions, encompassing card issuing, acquiring services, and seamless integration with Visa and Mastercard, alongside support for local preferences like the BLIK payment method and PLN transactions, this partnership promises a future of accelerated growth and innovation for the Polish fintech ecosystem. The emphasis on a fast and seamless payment experience for both in-store and online transactions, coupled with a commitment to payment process optimization, positions Polish merchants at the forefront of the evolving global financial landscape. As a regulated electronic money institution and active participant in key European payment systems, Walletto brings a wealth of expertise and infrastructure that, when combined with the dynamism of Fintech Poland, creates a powerful force for the development of financial technology in Poland and the broader integration of the European fintech community.