Advapay OÜ

Advapay OÜ is IT & business consulting company that provides turnkey fintech solutions for regulated payment service providers.

Our goal is to help you in selection of optimal IT infrastructure and software solution, business model, licensing options, establishing relationship with banks, external providers of payment services, including card issuers, money transfer systems, etc.

Licensing
Acquisition of a license
  • Choice of jurisdiction
  • Business model development
  • Assistance in company registration and obtaining the licenses
  • Development of internal regulations, including the AML compliance manual etc.
  • Business plan development
  • Assistance in staff recruitment, office administration and maintenance
License management
  • License extension
  • Change of the owner
  • Implementation of a comprehensive automation system (including back office, internet and mobile client management versions, AML monitoring etc.)
  • Building a hosting solution, deployment of servers (including PCI DSS-compliant)
  • Development of company website, including its design
  • Development of gates with external systems
Support for business
Establishment of relations with partners within the framework of our program
  • Banks
  • Payment card issuers
  • Internet and mobile acquiring
  • Money transfer systems
  • Payment processing and clearing systems
  • SWIFT
  • Offshore company registration agents
Business process optimization
  • Accounting services
  • Technical support
  • Consultancy support
  • Company growth strategy development
News
19 August 2019

SWIFT adopts first ISO 20022 usage guidelines for cross-border payments

Financial messaging services provider SWIFT has announced adopting the ISO 20022 financial standard to enable the modernisation of cross-border payments. The first four Payments Clearing and Settlement
19 August 2019

UK Finance recommends 18-month delay for new authentication rules

UK Finance is recommending a minimum 18-month delay to the introduction of Secure Customer Authentication rules in the UK, with a further one-year extension for the hospitality
13 August 2019

Finding synergies in all lines of business: Advapay case

Canopus Innovative Technologies LLC, developer of core banking software and various software solutions for payment service providers and a long-term Decta’s partner, has recently introduced to Decta
09 August 2019

Electronic money and payment institutions: growing number of market participants, rising income and stronger supervision

In addition to becoming a driving force of the Lithuanian fintech sector, electronic money and payment institutions create expectations to boost market competition. Aiming at the sustainable