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Small businesses have two months to prepare for this change: Paysera addressing five common myths
Starting 1 May, a new regulation will require businesses to use cash register systems that regularly send data to the VMI. As this deadline draws closer, the financial technology company Paysera is addressing five common myths surrounding the upcoming change.
15min.lt, 04 03 2025 Read the article...
Paysera resumes operation of self-service terminals: The first nine are already serving patients
The financial technology company Paysera has begun restoring the operation of self-service terminals purchased from the company Foxpay, which had lost its licence. The first nine terminals are already in operation in eight medical institutions, including the Panevėžys District Municipal Polyclinic, the Šiauliai Centre Polyclinic, and the Marijampolė Hospital.
15min.lt, 06 02 2025 Read the article...
Around 25,000 small businesses have three months to implement this change
As of 1 February, approximately 25,000 Lithuanian merchants have just three months remaining to transition to new types of cash registers or virtual cash register systems that automatically submit receipt data to the State Tax Inspectorate (VMI). Although myths and misconceptions about the transition continue to circulate in public discussions, specialists emphasise that the state had already accounted for measures to facilitate this process when planning the changes back in 2021.
15min.lt, 30 01 2025 Read the article...
Paysera has acquired the Foxbox terminal network from Foxpay
The fintech company Paysera has acquired the Foxbox self-service payment terminal network from Foxpay.
Lrt.lt, 02 01 2025 Read the article...
Marijus Plančiūnas. What lies behind bank questions and when does the FCIS get involved?
Imagine you're at the airport, getting ready to board a flight. You remove your shoes, walk through the metal detector, and sometimes even open your suitcase for inspection. While it might feel like an inconvenience, you understand these steps are essential to ensure everyone's safety. The financial system operates in a similar way – only here, we're not safeguarding planes, but your money. If banks notice unusual 'luggage', they report it to the Financial Crime Investigation Service (FCIS).
Delfi.lt, 18 12 2024 Read the article...
Black Friday spending: the total amount increased, but the average basket size decreased
Data from different payment institutions shows that Lithuanian consumers were not indifferent to the Black Friday campaign this year, with total spending increasing, but only the amount spent on a single shopping trip shrinking slightly compared to last year. This may indicate that not everyone is feeling the recovery in spending power yet, with some shoppers tending to be more frugal, prices falling slightly and more visits to different e-shops.
Verslo žinios, 06 12 2024 Read the article...
Small businesses are asking to halt the upcoming change
Starting from May 2025, all businesses engaging in physical sales will be required to have a smart cash register and submit receipt data to the State Tax Inspectorate (VMI) in real-time, using a new digital solution instead of paper. However, owners of small business argue that this will lead to their downfall and fail to understand the need for such a change. The discussion includes Daiva Čibirienė, a member of the SME Council, Mantas Chodosevičius, the Head of Paysera POS virtual cash register, Rolandas Puncevičius, the Head of the VMI Operational Control Department, and Vytenis Butkevičius, the Head of the Lithuanian Association of Markets and Marketplaces. Hosted by Irma Janauskaitė.
Lrt.lt, 27 08 2024 Read the article...
The Head of Paysera: when 5 balls are on the football field, the game is doomed
Rapid growth is difficult for every company because good intentions can turn into a bureaucratic machine. Expansion needs to be measured especially carefully where the repercussions of several scandals are still reverberating. But innovation is necessary both for each individual company and for the fintech sector as a whole.
Verslo žinios, 17 08 2024 Read the article...
Paysera to replace Foxpay as the main payment intermediary for the State Agency
Following the State Digital Solutions Agency's (formerly the Information Society Development Committee – ISDC) decision not to renew its contract with the law enforcement-investigated Foxpay this autumn, Paysera will aim to become the primary payment service provider for public institutions.
Delfi.lt, 15 08 2024 Read the article...
Valuable insights: How can technology help mobilise people during challenging times
Companies and individuals often allocate a portion of their finances for noble causes. For example, to help the people of Ukraine or organisations addressing social issues. Sometimes, however, fraudsters take advantage of people's trust. So how can one distinguish legitimate aid organisations from scammers?
Delfi.lt, 11.06.2024 Read the article...
Paysera is coming to physical points of sale with the acquisition of a start-up
The fintech company Paysera, which holds an electronic money licence, is expanding its range of services. The company has acquired the virtual cashier technology developed by MB Brand Lions and will continue its development.
Verslo žinios, 07.06.2024 Read the article...
If employees lack motivation, gather them into tribes
Employees belonging to crews, united into guilds, and divided into tribes? No, we haven't turned back time. According to companies, this method increases employee engagement and motivation, and leads to better results.
Verslo žinios, 24.05.2024 Read the article...
Some employers are afraid to use AI, while others share their experience: The most important thing is to establish internal rules.
After years of talking about the benefits of artificial intelligence (AI) for work efficiency, some employers, fearing risks, prohibit the use of AI tools. However, several companies, even those working with sensitive data, shared their practices with VŽ on encouraging the use of AI.
Verslo žinios, 17.05.2024 Read the article...
Paysera LT earned 7 million euros last year
The revenue of Paysera LT, the Paysera Group company in Lithuania, remained almost unchanged in 2023 at 10.6 million euros. The fintech company's net profit amounted to 7 million euros.
Delfi.lt, 26.04.2024 Read the article...
Paysera integrates real estate investments via InRento
Lithuania-based fintech Paysera has incorporated in its app the ability to directly invest in crowdfunded real estate rental projects on the InRento platform.
The Paypers, 23.04.2024 Read the article...
Paysera starts accepting ecommerce payments via Apple Pay
Lithuania-based fintech Paysera has integrated Apple Pay into its payment solution, augmenting payment acceptance for merchants.
The Paypers, 11.04.2024 Read the article...
Paysera to redeem two bond issues worth €2.76 million ahead of schedule
In February, the fintech company Paysera will redeem two bond issues placed a year ago with a total value of EUR 2.76 million.
Lrt.lt, 30.01.2024 Read the article...
Paysera bank opens in Georgia
Paysera Georgia, a member of the Paysera Group, has commenced operations with the opening of its inaugural bank branch in Tbilisi.
Finextra, 15.12.2023 Read the article...
Companies have found a treat to lure "I don't know yet", "Maybe later", and "I'm just scrolling" type of buyers to events
A concert or surfing camp today, and payment for it after the music fades and the emotions subside. Gradually, more and more entertainment companies in Lithuania are allowing payments based on the so-called "buy now, pay later" model.
Delfi.lt, 08.06.2023 Read the article...
From Coders to Refugees, How a Baltic Fintech Pivoted to Wartime
As Paysera shelters Ukrainians in its Vilnius offices, fintech companies across the region grapple with the sudden halt of Russian business.
Bloomberg, 18.03.2022 Read the article...
Pre-Christmas week results: fewer card payments, jump in e-commerce
The data of financial institutions processing payments shows that, after closing the majority of shops selling non-essential products during the quarantine, the very peak of Christmas shopping moved online. E-shops are breaking records this December.
Verslo žinios, 30 12 2020 Read the article...
Paysera Brings Apple Pay to Customers
As stated in a press release, Paysera LT, the e-money institution, brings its customers Apple Pay, a way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.
Delfi.lt, 09 12 2020 Read the article...
Good Christmas trade is predicted based on Black Friday sales
In the trade sector, which is suffering the consequences of pandemic restrictions, online trade is becoming an increasingly important balance to physical trade. The data of banks and merchants shows that the biggest seasonal sales were good on the recent Black Friday.
Verslo žinios, 05 12 2020 Read the article...
Trade data: Black Friday moved online
The majority of tenants participated in Black Friday sale campaigns organised by shopping centres, but the number of visitors was smaller by almost half compared to last year. The data of the payment processor Paysera LT, assisting in the collection of payers’ e-payments in the majority of Lithuanian e-stores, shows that the online spending of Baltic consumers almost doubled that day.
Verslo žinios, 01 12 2020 Read the article...
This year Black Friday shoppers spent twice as much in e-shops as last year
Black Friday, one of the largest sell-offs in the Western world, focused online this year due to the COVID-19 situation. Buyers who wanted to avoid crowds in physical shops flooded Baltic online stores and spent twice as much as on the last weekend of November 2019, calculated Paysera LT, a payment gateway provider assisting e-shops in collecting buyers' e-payments in the majority of Lithuanian e-shops.
M360, 30 11 2020 Read the article...
Bullion buying app Paysera sells EUR 1.4 million worth of physical gold in first two months
Paysera, having started trading physical gold at the end of September, which is unusual for fintech companies, in two months sold over EUR 1.4M worth of gold bars and coins.
Finextra, 27 11 2020 Read the article...
Paysera predicts Black Friday turnover for e-shops to be 50% higher than in 2019
Black Friday, one of the biggest sale campaigns across the Western world, will be slightly different this year in the Baltics due to COVID-19 restrictions, but still as intense as ever. According to the payment processor Paysera, the volume of e-commerce on the previous, ordinary, weekend has already exceeded the sales of last year’s Black Friday weekend.
М360, 25 11 2020 Read the article...
Paysera continues to expand in the Balkans: launched in Albania
The Lithuanian-founded electronic payment network Paysera is expanding to Albania. Paysera Albania, the third company of the Paysera network in the Balkans, is opening in the capital city, Tirana.
Delfi.lt, 18 11 2020 Read the article...
Paysera makes move into physical trading of gold
Unlike other fintech companies, Paysera LT will trade in actual bars and coins rather than units of this precious metal sold on the exchanges. Buyers will be able to store their gold, purchased via the app, at the company’s storage facilities, pick it up at the company HQ, or order home delivery.
Finextra, 25 09 2020 Read article...
Paysera starts trading gold
The e-money institution Paysera LT has started trading gold. Unlike other fintech companies, Paysera LT will trade in actual bars and coins rather than units of this precious metal sold on the exchanges, as stated in the company's press release.
Delfi.lt, 23 09 2020 Read article...
Tickets are bought here and now, but events aren't always attended
Starting September limitations on the number of participants at events have been lifted, but people maintain caution when purchasing tickets, as there are no guarantees that the event will actually take place. Event organizers and ticket distributors are searching for ways to dispel the fear.
Verslo žinios, 12 09 2020 Read article...
Paysera becomes an official payment operator of Shopify
Paysera has become an official payment operator of Shopify, the company integrating the ability to pay through the Paysera payment gateway.
The Paypers, 17.08.2020 Read article...
Paysera becomes an official payment provider at Shopify
One of most popular e-commerce platforms – Shopify, used also by Lithuanian e-shops, has integrated the possibility to pay via Paysera.
Verslo žinios, 13.08.2020 Read article...