Advapay OÜ

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

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

Licensing
License acquisition
  • 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 (back office, internet and mobile account management versions, AML monitoring etc.)
  • Building a hosting solution, deployment of servers (including PCI DSS-compliant)
  • Design and development of a company website
  • Development of gates with external systems
Support for business
Establishing relationships with partners as part 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
  • Business development strategy
News
Must-haves when Choosing Fintech Software
19 November 2019

Must-haves when Choosing Fintech Software

Fintech is the biggest disruptor of financial services that has become more of a necessity in the global business world. With an increase of customers awareness and
01 November 2019

EBA calls on EC to boost cross-border banking and payments

Cross-border banking and payment services in the EU are being held back by a lack of regulatory clarity and harmonisation, says the European Banking Authority (EBA). The
30 October 2019

The Bank of Lithuania invites Fintech’s into the first blockchain-based sandbox

The Bank of Lithuania (Lithuanian central bank and regulator) launches LBChain – first blockchain-based regulatory sandbox for international start-ups as well as financial and Fintech companies. LBChain
18 October 2019

Swiss National Bank and BIS use innovation hub to explore digital central bank money and DLT

The Swiss National Bank (SNB) is working with the Bank for International Settlements (BIS) on an innovation hub in Switzerland that will initially focus on research into