Brite Payments considers its expansion in the Baltic region to be a “big stride forward
Brite Payments, an instant payments provider, is now present in Latvia and Lithuania, after successfully launching in Estonia earlier this year.
The Stockholm-based provider, which uses open banking technology to facilitate account-to-account payments (A2A) without the need for customers to input card and personal data, considers its expansion in the Baltic region to be a “big stride forward”.
Lena Hackelöer, chief executive officer and founder of Brite Payments, said: “We are really proud to announce that we now offer full coverage across the Baltic region, and are able to impactfully serve both local and Nordic merchants.
“This move represents another big stride forward in our mission to bring quick, easy and secure instant payments to customers and merchants across Europe.”
This coverage includes giving users based in the Baltic region the ability to pay for goods and services from their bank account with a single authentication step.
Brite’s pay-outs solution, also now available in the Baltic region, eases the receipt of funds from merchants to consumers in areas such as insurance.
Brite is also expanding its product portfolio, with upcoming developments built on PSD2 APIs.
This year, Brite has launched its convenience-driven Single Sign product, for rapid bank transfers, partnered with another payments provider, Germany-based SOFORT, and made several recent hires to support its growth.
The provider currently operates across 21 markets in Europe and is connected to more than 3,800 banks within the EU.
Image: Brite Payments