PAYSTRAX

Meet PAYSTRAX!

Innovative and technology-driven payment processing solution provider in the EEA and UK.

Meet PAYSTRAX

Who are we

PAYSTRAX is an innovative Financial Technology company which provides European and UK merchants with state-of-the-art solutions for all their electronic transaction needs. No matter how or where you sell your goods or services, we help you get your payments as quickly, securely and cost-efficiently as possible.

4

International offices

80+

Specialists in the company

500+

Merchants in EEA and UK

20+

Partners from EU and UK

Our licences

We are a licensed and regulated card acquirer, offering payment acceptance solutions tailored to diverse businesses and countries.

visa_licence

Principal acquiring licence with Visa

mastercard_licence

Principal acquiring licence with Mastercard

PI licence from Bank of Lithuania

Payment Institution licence from the Bank of Lithuania

FCA licence

FCA Payment Institution licence in the UK

Licence for services in EU EEA

PI licence is passported to all EEA countries

PAYSTRAX mission

Our mission

Our mission is to be a profitable financial technology company that offers its Visa, Mastercard and Amex payment card acquiring and related financial services throughout Europe and UK. PAYSTRAX uses innovative technology to provide high quality and efficient financial services and to build its competitiveness.

PAYSTRAX vision

Our vision

To create a leading and profitable financial technology company which provides payment card acquiring and related financial services.

Our story

  • PAYSTRAX first offices
  • PAYSTRAX services
  • PAYSTRAX
  • PAYSTRAX
  • PAYSTRAX offices
  • credit card payment processing
2018

First physical locations

PAYSTRAX established initial offices in Vilnius (LT) and Reykjavik (IS) following the acquisition of the PI licence from the Bank of Lithuania.

2019

Setting up all the processes

Established processes, integrated third-party systems and developed service solutions.

2020

Forming an efficient environment

Initiated the set-up of a partner network and secured our initial partnerships. As workflow demands grew, we began forming departments.

2021

The start of acquiring

Signed up our first merchants and started acquiring business. With the quick growth of merchants, the recruitment and hiring of new specialists has taken off.

2022

Business expansion

Opened two more offices in Brighton (UK) and Klaipėda (LT). Since 2021 our processed volumes have increased more than four times, and we doubled our headcount.

2023

FCA licence & growth

Obtained a Payment Institution licence (FCA) for offering our services in the UK and relocated our Vilnius, Klaipėda and Brighton office locations into bigger premises.

PAYSTRAX approach

Our approach

We use our world-class infrastructure, coupled with the latest cloud-based Financial Technology solutions, to maximise the efficiency of our payment processing services. Not only does this mean we can provide card payment acceptance solutions and a payment gateway for all possible payment methods, but it also allows us to create customised solutions and add-ons tailored to our customers’ specific needs.

We know that by minimising our cost and organisational structure, while maximising the quality of our services, we can offer our customers the best possible value.

Meet our team

  • Jóhannes Ingi Kolbeinsson

    Jóhannes Ingi Kolbeinsson

    CEO (Chief Executive Officer), Co-founder

    In 2002 Jóhannes co-founded and led a payment service provider, KORTA PAY (now RAPYD Europe), which...

  • Gunnar Már Gunnarsson

    Gunnar Már Gunnarsson

    CTO (Chief Technical Officer), Co-founder

    Gunnar was one of the co-founders of KORTA PAY where he worked as Chief Technical Officer and Chief ...

  • Bjarni Thor Sigurdsson

    Bjarni Thor Sigurdsson

    CCO (Chief Commercial Officer)

    With over 25 years of experience in the financial and retail sectors, Bjarni Thor has played a pivot...

  • Kristina Majauskaitė-Adomavičienė

    Kristina Majauskaitė-Adomavičienė

    CFO (Chief Financial Officer)

    Kristina, our CFO, is an accomplished manager with comprehensive experience in finance, tax, and acc...

  • Rokas Muraška

    Rokas Muraška

    CSRO (Chief Security and Risk Officer)

    Rokas, PAYSTRAX CSRO, has a wealth of expertise in Cyber Security and IT. At PAYSTRAX, he develops a...

  • Povilas Žiba

    Povilas Žiba

    COO (Chief Operations Officer)

    Our COO, Povilas, has been in the payment industry since 2015, gaining substantial experience in ope...

  • Gintarė Trukšnytė

    Gintarė Trukšnytė

    CCO (Chief Compliance Officer)

    Gintarė, our CCO, brings more than 15 years of legal and compliance expertise gained from her roles...

  • James Gilbert

    James Gilbert

    Head of Commercial UK
  • Goda Jurgaitytė

    Goda Jurgaitytė

    Marketing Manager
  • Monika Kareckaitė-Šiupinienė

    Monika Kareckaitė-Šiupinienė

    Head of HR
  • Natalie Pournyn

    Natalie Pournyn

    Partner Success Manager
  • Julija Vilkutė

    Julija Vilkutė

    Product Manager
  • Julija Mekinkovaitė

    Head of Customer Support
  • Egle Venckauskiene

    Eglė Venckauskienė

    Head of Onboarding
  • Wolfgang Specht

    Wolfgang Specht

    Head of Merchant Risk and Project Management
  • Miah Neale

    Miah Neale

    Head of Risk

PAYSTRAX featured in

Our innovative solutions were recently featured in multiple magazines, showcasing our commitment to excellence in payment acquiring.

ESG strategy PAYSTRAX

ESG strategy

PAYSTRAX concentrates not only on developing a successful business, but also implementing sustainable choices in how we do it. We are a member of the United Nations Global Compact initiative, joining many more companies incorporating the principles for responsible investment.

Read more

PAYSTRAX recognition

It is a great honour for us to be recognised among other big companies in the fintech landscape. Every nomination and award proves that we are going in the right direction!

Top imone 2024

Top Company | Recommended by Rekvizitai.lt • 2024

Best new payments brand 2024

Best New Payments Brand • 2024

Company of the year 2024

Company of the Year • 2024

Best Bank for Acquiring Services in Lithuania • 2023

Best Bank for Acquiring Services in Lithuania • 2023