About ConnectPay

Smartphones have become one of the most trusted tools for identity verification today, used instinctively and seamlessly to confirm purchases, access medical records, even unlock homes with just a fingerprint or a glance. Yet when it comes to accessing financial services, phones are rarely included. Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions.

ConnectPay, one of the biggest EMIs in Lithuania, launched a simplified embedded finance version with built-in Strong Customer Authentication (SCA) module. It's designed to simplify compliance with PSD2 regulations for B2C businesses in Europe and the UK, allowing companies to easily integrate mandatory authentication requirements, reducing operational complexity and preventing revenue loss from failed compliance.

The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic […]

Over the past decade, Lithuania has worked to shape itself into an attractive locale for […]

Lithuania’s financial technology sector remains robust and forward-moving, affirming its place as a key hub […]

In 2022, investments in Fintech took a dive, falling more than 30% compared to the […]

ConnectPay, one of the fastest-growing Electronic Money Institutions (EMI) in Lithuania, joined hands with Salt […]