Meet PAYSTRAX!
Innovative and technology-driven payment processing solution provider in the EEA and UK.
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.
Principal acquiring licence with Visa
Principal acquiring licence with Mastercard
Payment Institution licence from the Bank of Lithuania
FCA Payment Institution licence in the UK
PI licence is passported to all EEA countries
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.
Our vision
To create a leading and profitable financial technology company which provides payment card acquiring and related financial services.
Our story
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.
Setting up all the processes
Established processes, integrated third-party systems and developed service solutions.
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.
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.
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.
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.
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.
Setting up all the processes
Established processes, integrated third-party systems and developed service solutions.
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.
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.
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.
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.
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
CEO (Chief Executive Officer), Co-founderIn 2002 Jóhannes co-founded and led a payment service provider, KORTA PAY (now RAPYD Europe), which...
Gunnar Már Gunnarsson
CTO (Chief Technical Officer), Co-founderGunnar was one of the co-founders of KORTA PAY where he worked as Chief Technical Officer and Chief ...
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
CFO (Chief Financial Officer)Kristina, our CFO, is an accomplished manager with comprehensive experience in finance, tax, and acc...
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
COO (Chief Operations Officer)Our COO, Povilas, has been in the payment industry since 2015, gaining substantial experience in ope...
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
Head of Commercial UKGoda Jurgaitytė
Marketing ManagerMonika Kareckaitė-Šiupinienė
Head of HRNatalie Pournyn
Partner Success ManagerJulija Vilkutė
Product ManagerJulija Mekinkovaitė
Head of Customer SupportEglė Venckauskienė
Head of OnboardingWolfgang Specht
Head of Merchant Risk and Project ManagementMiah Neale
Head of RiskPAYSTRAX featured in
Our innovative solutions were recently featured in multiple magazines, showcasing our commitment to excellence in payment acquiring.
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 morePAYSTRAX 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 Company | Recommended by Rekvizitai.lt • 2024
Best New Payments Brand • 2024
Company of the Year • 2024
Best Bank for Acquiring Services in Lithuania • 2023