" class="no-js "lang="en-US"> CatalystPay Partners with Paynetics
Sunday, April 21, 2024

Strengthening Its Payment Ecosystem, CatalystPay Partners with Paynetics, Europe’s Leading Regulated Fintech

CatalystPay partners with Paynetics, a notable advancement in enhancing its comprehensive payment solutions network. Paynetics, one of Europe’s leading providers of embedded finance, stands out as a licensed e-money institution, authorized by the Bulgarian National Bank to extend its offerings across the European Union.

The collaboration signifies a significant step in expanding CatalystPay’s European ecosystem of acquiring bank partners, emphasizing the company’s dedication to providing versatile and robust payment services tailored for the evolving needs of digital businesses.

“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,” commented Stefan Zisov, Chief Operations Officer at CatalystPay.

An immediate benefit of this collaboration is CatalystPay’s new capability to offer settlements in Bulgarian Lev (BGN), alongside other currencies, empowering digital merchants in Bulgaria to streamline their settlement processes and avoid unnecessary foreign exchange fees. It’s 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 market where it’s 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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