PayPugs Ties with Verifo to Expand Banking and Payment Possibilities

PayPugs is proud and excited to announce that it has partnered up with Verifo to expand banking and payment possibilities. 

Verifo is an electronic money institution licensed and regulated by the Bank of Lithuania. Verifo provides innovative, custom made Banking-as-a-Service solutions to clients globally by leveraging technology, expertise and dedication to client service.

PayPugs and Verifo partnership makes sense on different levels. Both companies have the desire to provide personalized financial services with customer centric products in mind. The goal of the partnership was the desire to battle against the common challenge of remaining competitive in the fast-growing international money transfer market. The growing market has shown that to stay competitive, financial companies have to reduce transaction fees to end-users, maintain several partners, and find ways for saving transaction time. 

Verifo is a modern payment platform whose products and services range from individuals to legal entities. The latest product offers a unique range of Banking-as-a-Service (BaaS) and Software-as-a-Service (SaaS) options, including EU IBAN provision, card issuance, and SEPA & SWIFT payments procession, as well as the White label program. 

Partnering with Verifo has been another achievement for PayPugs. Verifo is a huge player in the market with several products and services already established. Access to such well-developed products brings PayPugs one step closer to making payments easier and allowing for more inclusive global banking experience.

New and existing clients can expect broader and more inclusive payment possibilities. Also, the combination of Verifo and PayPugs BaaS solutions will develop a more advanced solution for those looking for white label banking services for their business.

"We’re happy to provide our partner PayPugs with smooth, set-to-use, and, at the same time, easily scalable BaaS solutions to start their own fintech business without struggling with the regulation issues, software development, and resource-intensive operational management. Verifo philosophy implies a rapid business deployment under the consulting team's watchful eyes and full-time competent customer support literally one call away, together with strong and accurate attention to compliance and legal procedures,” said Verifo CEO, Mantas Staliūnas.