Please find UAB VIA Payments Payment Services Directive (PSD2) Statistical Information for June 2021 in the attached file:
When the World Wide Web was introduced in 1989, no one could have predicted just how much change it would bring about in the world of work. It could be strongly argued that not a single industry has been unaffected by the internet, with a huge percentage of companies now relying on it extensively. Continue reading How better freelancer payments create exciting possibilities for your business
Understanding everything you can do with a VIALET account
At VIALET we’re proud of the number of services we offer our users. However, the number of options can make it hard to keep track of exactly what you can do with a VIALET account. Continue reading A banking app, credit line and arguably the best card to use abroad
Credit lines – a modern-day misconception
Credit lines can have a pretty bad reputation – largely due to their association with ‘payday loans’. There are a lot of myths and misconceptions floating around, some being carried over from times gone by, which make them seem far more dangerous and sordid than they actually are.
Why financial strategy matters
This past year has shown just how unpredictable the world can be. But when your finances in check, unforeseen challenges become much easier to deal with.
We’ve all experienced situations when an urgent financial need comes up but the payday is tomorrow or next week.
Looking for an easy payment solution and up for trying something new? VIALET might be just the option you need. It’s a great fit if:
With a reference to the targeted inspection of internal anti-money laundering and counter-terrorist financing (AML/CTF) controls executed by the Bank of Lithuania and following press release informing of identified shortcomings and respective imposement of 120 000 EUR penalty for VIALET (Via Payments UAB) holding the electronic money institution license issued by the Bank of Lithuania, VIALET confirms the elimination of identified deficiencies, as well as its intention to intensify cooperation with the Bank of Lithuania with an aim to build sustainable business environment by strengthening AML/CTF applied within the company.Continue reading Bank of Lithuania concludes AML/CTF inspection of VIALET without assigning further action plan as company rectifies deficiencies during the inspection process
In times of self-isolation, we can thank technology for enabling us to talk online and see our loved ones at least in video chats.
But what if we need to share something material with them, urgently? Post and courier services work slower these days, and teleportation has not been invented yet. Continue reading Card to card payments – the easiest way to transfer money abroad
Please find UAB VIA Payments Payment Services Directive (PSD2) Statistical Information for April 2020 in the attached file:
Please find UAB VIA Payments Payment Services Directive (PSD2) Statistical Information for March 2020 in the attached file:
Please find UAB VIA Payments Payment Services Directive (PSD2) Statistical Information for February 2020 in the attached file:
Please find UAB VIA Payments Payment Services Directive (PSD2) Statistical Information for January 2020 in the attached file:
Are you a traveler? Do you love visiting new places, meeting different people from other cultures and exploring new places? Your VIALET Card can help you and is one of the most exciting things, but it can turn into a heartbroken situation when you see that all your savings start disappearing paying unnecessary fees.
Just downloaded VIALET and are ready to explore its numerous benefits?
Now, the next step before making a transaction or ordering a card will be verifying your identity for security purposes. This process will take only a few minutes to complete and will help us protect your account from any potential breaches in the future.
Money management apps work great for your daily expenses since you always have your smartphone in your pocket. You’re basically carrying your bank with you since you can check your budget and make financial decisions on the go.
This means that it’s also easier to see an opportunity to save money – or spend it in a smarter way.
Mobile payments service company “VIA Payment” UAB , which has developed VIALET mobile app, has implemented access to PSD2 API documentation portal and sandbox environment.
We do believe VIALET is the financial tool everyone needs, but if it takes a list of all the perks to convince you, we’ve got you covered. Ladies and gents, we present you ten reasons why you need VIALET to take control of your finances once and for all.
Do you remember the days when you had to wait hours in line at your local bank to fill out some incomprehensible and messy paperwork to receive your debit card? Or when your wallet seemingly weighed about half a ton because it was loaded with coins? Thanks to the VIALET contactless Mastercard, these days are over.
Have you ever wondered why transferring funds is such a tricky and complex process even at times when you use the mobile app issued by your bank?
Nowadays, as the transfer of funds has become an integral part of each person’s daily life, it’s important to make this process as straightforward and simple as possible. Today, we’ll explain how to top-up your VIALET account, so you can send and receive funds easily and without unnecessary operations.
Just like other payment cards, your VIALET card also has limits on incoming and outgoing transactions.
Why are the limits necessary? Mainly, for safety reasons.
It’s here! Your new, bold, colourful VIALET Mastercard is in front of you, ready to rock your world. You’ve settled in, you’ve made a cup of coffee, now it’s time to get to know each other better.
When we’re on holidays, we are more relaxed with money and often squander where we could save. Or, much worse – fall in tourist traps that could be avoided if we just paid a bit more attention.
To help you manage your travel spending in the smartest and safest way, we asked frequent travelers to share their holiday budgeting tips. We hope they will help you spend money in a way that brings joy to yourself and your travel companions.
Continue reading 5 money management tips for travelers: How to stay safe and save money
Opening a free VIALET current account is fast, easy, paperless, and can be done directly from your smartphone within minutes. Sounds magic? It is.
You can open a VIALET account if you are at least 18 years old, own a compatible smartphone and hold a valid ID.
Remittances sent to developing countries alone represent a massive $500 billion market (and still growing), even though these payments are generally sent in small amounts. The funds might be used for everyday expenses such as groceries, or to help in the event of a medical emergency, for instance. When you combine businesses and person-to-person remittances, cross-border transactions soar to an eye-popping $10 trillion annually. Continue reading Fintech Is Disrupting the Massive $500 Billion Remittance Market
While digital payments have already taken the e-commerce and brick-and-mortar retail space by storm, they are only just beginning to disrupt the gaming industry–both online and live sporting events. Gaming is one of the hottest markets around, and engineers are still working on cracking the massive opportunity that this space presents. Continue reading Google and Apple Look to Disrupt Gaming Payments
Uber may be known as a ride-share play, but it’s much more than that. Dara Khosrowshahi, Uber CEO, likens the company more to Amazon.com than ride-share rival Lyft. One of the areas in which it goes head-to-head with Jeff Bezos’ e-commerce giant is food delivery. In fact, restaurant food delivery is hotter than ever and payments companies are vying for their share of the market. Continue reading Payment Providers Compete for Their Share of the Food-Delivery Market
Better late than never. Contactless cards begin to take off in the U.S. after having gained popularity in the U.K., South Korea, and other jurisdictions years ago. Now U.S. consumers will have the opportunity to tap a credit or debit card at the retailer’s point-of-sale terminal. Banks and other card issuers are motivated to integrate the technology to capture a combined $2.4 billion in profits over the next half-decade as a result. Continue reading Contactless Cards Take the U.S. by Storm, finally
Facebook has made headlines for a privacy scandal that could ultimately cost the company billions of dollars in fines. The tech giant has thrust the privacy issue into the spotlight for its careless handling of user data, a topic that is paramount to a sector such as payments. Cash is no longer king in the current digital age and as a result, extra steps must be taken to ensure user privacy. Continue reading Facebook’s Data Scandal Thrusts Privacy and Payments into the Spotlight
Now that JPMorgan, the biggest bank in the U.S. based on assets, has launched its own cryptocurrency, it’s clear the blockchain is leaving its mark on global payments. The JPM Coin, which is the bank’s new digital currency, may be reserved for the firm’s clients, but it’s a sign that blockchain technology has disrupted the entire payments space. JP Morgan is the first leading U.S. bank to launch its own cryptocurrency, but it probably won’t be the last. Continue reading JPM Coin Proves Blockchain Technology Has Disrupted Payments
Tech innovation in the payment space knows no bounds. Among the trends, traditional payment companies are pursuing M&A with their fintech counterparts in order to remain relevant in a changing market landscape. Others are launching new products. Even tech giant Apple is jumping in the fray, most recently pouring resources into a new credit card. Payment startups, meanwhile, are making plans for their public market debut in a pipeline of IPOs. Even while uncertainty has gripped the global economy, the payments segment seems to be doing just fine. Continue reading Tech Innovation Heats Up in the Payment Space
Contactless cards have already taken the payments industry by storm. The rise of the online world has made payments faster and more convenient than ever. Now the industry is embracing the next wave in this revolution, which involves collecting biometrics data and storing it on a contactless payment card. As a result, consumers can pay using a fingerprint, handprint, iris identification, or voice recognition at the point-of-sale. Continue reading Biometric Contactless Cards Take Payments to the Next Level
Fintech covers a wide swath of companies that deliver technology innovation to the financial industry. Consumers have embraced fintech, also known as “on-demand finance,” thanks in large part to the rise of mobile devices and the shift to cloud computing. Billions of dollars in investments continue to pour into this space giving startups and legacy players alike a chance to shape the future of financial services.
Digital payment startups are among those at the forefront of the fintech movement, having disrupted the global landscape and continuing to grow. The following trends reveal key ways in which fintech space keeps evolving. Continue reading As Fintech Matures, New Trends Emerge
Challenger banks have struck a chord with customers and investors alike as the tech-savvy and more nimble alternative to traditional financial institutions. Also known as neo banks and upstarts, challenger banks are a product of the financial technology (fintech) revolution born from the financial crisis, and no single group poses more of a threat to their legacy bank counterparts. Continue reading As Challenger Banks Mature, Headwinds Emerge
Social media is increasingly making its way into the payments arena, giving providers another way to capitalize on this rising trend. Social payments are especially popular among millennials and Generation Z consumers, who have not only helped to form the social media movement but some of whom have never known a world without mobile devices, where e-commerce and peer-to-peer (P2P) transactions are on the rise. Continue reading Social Payments Catch on Among Young Adults
Small businesses are getting better acquainted with payment cards. Most recently, payment platform Square has launched a new debit card for merchants. The card is tied to the merchant’s account balance, not a bank account, and it can be used as a tool to help business owners to better control their cash flow. They’ll gain access to funds in real-time rather than having to wait for customer payments to settle, which can typically take couple of days. Continue reading Business Owners Embrace Contactless Payments Around the World
Alternative payments have made their way into just about every facet of society, and now vehicles can be added to the list. In-vehicle payment solutions are increasingly being added into the dashboards of cars and trucks, so that the consumers get the convenience they are used to in their everyday lives on the road. Rather than having to pay with a smartphone or credit card, the vehicle connects with a driver’s bank card, for instance, and completes the payment automatically. Continue reading Next Up: In-Vehicle Payment Solutions
The gig economy workforce has taken the economy by storm, shifting the landscape for businesses around the world. From Uber to Airbnb, employers are no longer confined to hiring local talent or making long-term commitments, while independent contractors and freelancers gain the flexibility that side-hustles have to offer. According to the latest statistics, the global gig economy is worth $3.7 trillion and keeps expanding. Continue reading How The Gig Economy Is Disrupting Payments
The rise of alternative payment methods like digital wallets, mobile devices, and smart speakers has disrupted the traditional payment landscape across sectors, and travel is no exception. Travelers are no longer limited to using credit cards for booking their itinerary or paying with cash at the point-of-sale while abroad. They can even book a trip using Google Assistant technology and never have to lift a finger, let alone a credit card. Continue reading Pros & Cons of Relying on Alternative Payments When Traveling
Technologies, including artificial intelligence and the internet of things, coupled with the gig economy, have created a new standard for financial services. Consumers are no longer limited to the legacy systems that banks provide, and have begun experiencing more convenience.
Evidence shows that consumers are increasingly expecting features typically associated with digital technology like messaging, online shopping and smartphone-fueled ride sharing in financial services, according to MoneyLive Report 2019. Continue reading Payment Trends in the UK and the Baltics
It used to be that cash was king, but now it must share the throne with the rise of non-traditional payment systems. Technology innovation has taken off in 2018, thrusting digital payments such as mobile and non-bank payment cards into the spotlight.
The digital payment revolution emerged thanks to tech innovation across the internet of things, Bluetooth and Wi-Fi in the early days and continues today across the “blockchain, radio-frequency identification (RFID), near frequency communication (NFC) and quick recognition (QR) codes” as mobile and contactless payments take hold, Entrepreneur.com noted. Continue reading The Pros and Cons of Non-Traditional Payment Systems
Digital payments are still taking shape in developing countries like Russia, where only about one-third of Moscow residents rely on in non-cash payment methods for transactions. The fact that the Russian market is coming from a lower base compared with more mature markets, however, suggests that the country could be poised for robust growth. Continue reading China Could Influence Russia for Mobile Payments