CatalystPay Strengthens Its Payment Ecosystem Through a Strategic Partnership with Paynetics, Europe’s Leading Regulated Fintech

Today, CatalystPay is announcing a strategic partnership 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.

 

About CatalystPay:

CatalystPay, renowned for its exceptional customer service, has successfully processed over 8.2 million transactions in 2023, serving more than 150 business clients across various sectors, including e-commerce, SaaS, traveltech, edtech, marketplaces, and crypto. The company is committed to providing the essential payment infrastructure and know-how necessary for merchants to thrive in today's digital marketplace.

The company is building an all-in-one platform that provides access to processing and payment services, enabling entrepreneurs to streamline their operations and to handle payments through a single intuitive interface. You can find more information about CatalystPay here, or by following them on  LinkedIn. 

About Paynetics:

Paynetics is a leading provider of embedded finance solutions, enabling businesses to seamlessly integrate payments within their products. We are dual regulated in the EU and the UK and are principal members of Mastercard, VISA, UnionPay International, SWIFT and SEPA. Paynetics offers comprehensive embedded finance solutions to its B2B and B2B2C customers safely in one place, including card acceptance and issuance, payment accounts and transfers, delivered through APIs, SDKs or full-service white labels. Our award-winning technology makes Paynetics easy to work with while offering some of the most sophisticated digital solutions based upon tokenization such as Apple Pay and Google Pay. You can find more information about Paynetics here, or by following them on X or LinkedIn.