{"id":547598,"date":"2023-06-13T11:11:20","date_gmt":"2023-06-13T10:11:20","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=547598"},"modified":"2023-06-13T11:11:20","modified_gmt":"2023-06-13T10:11:20","slug":"montonio-gains-lithuanian-payments-license-expands-offering-in-poland","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/montonio-gains-lithuanian-payments-license-expands-offering-in-poland\/","title":{"rendered":"Montonio\u00a0gains Lithuanian Payments License, expands offering in\u00a0Poland"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-545646 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/04\/Montonio.jpg\" alt=\"Montonio, FinTech, Payment Solutions, Estonia, Europe, Open Banking, Nordics, Tritium, Card Processing,\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/04\/Montonio.jpg 300w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/04\/Montonio-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/04\/Montonio-100x100.jpg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>Montonio, the Estonian <a href=\"https:\/\/www.montonio.com\/\">FinTech innovator<\/a>, has received an extension to its existing Payment Institution License from the Bank of Lithuania, empowering the company to hold clients\u2019 funds and provide additional paid services. This license extension paves the way for Montonio to innovate its platform further and bolster its offerings to merchants across Europe.<\/p>\n<p>Alongside this, Montonio is growing its customer base in Poland with the introduction of BLIK, Apple Pay, and Google Pay to its platform. This addition supports Polish merchants\u2019 business growth and positions Montonio as a key player in the FinTech industry.<\/p>\n<p><strong>Markus Lember<\/strong>, <strong>Co-founder and CEO of Montonio<\/strong> said, \u201cThis is a milestone for us. The extension of our license and the introduction of new payment methods in Poland represents a considerable expansion of our capabilities. We are excited about the future and look forward to introducing more features that make the lives of merchants easier and help them grow their businesses.\u201d<\/p>\n<p>With the extended license, Montonio can explore wider product development possibilities. Notably, its automatic refunds solution is currently in the testing phase with select merchants and Montonio plans to roll out this feature soon.<\/p>\n<p>Meanwhile, the company is enriching its <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/montonio-partners-with-episode-six-to-expand-open-banking-offering\/\">payment solutions<\/a> in Poland. By integrating BLIK, Apple Pay, and Google Pay, the company enhances convenience for merchants and customers, providing multiple secure payment options to match the evolving preferences in the country\u2019s growing e-commerce market.<\/p>\n<p><strong>Karel Nappus<\/strong><strong>, Montonio\u2019s COO, <\/strong>said,\u00a0\u201cWe believe in democratising access to low-cost payment solutions. With the extension of our license and the addition of new payment methods, we are reaching even more customers and assisting our merchants in exploring new markets confidently.\u201d<\/p>\n<p>With a forward-thinking approach, Montonio aims to facilitate secure and seamless transactions while empowering merchants with innovative, cost-effective payment solutions. As the Polish payments market continues to grow, Montonio is committed to supporting this growth through cutting-edge FinTech services.<\/p>\n","protected":false},"author":35737,"featured_media":545646,"parent":0,"template":"","categories":[11376,11378,11384],"tags":[20386,14387,11508,11515,14148,35048,16460,36245,12867,14096,22327],"class_list":["post-547598","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-digital-banking","category-open-banking","category-payments","tag-card-processing","tag-estonia","tag-europe","tag-fintech","tag-lithuania","tag-montonio","tag-nordics","tag-payment-institution-license","tag-payment-solutions","tag-poland","tag-tritium"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Montonio wins Lithuanian Payments License, expands offering in Poland<\/title>\n<meta name=\"description\" content=\"Montonio, the Estonian FinTech innovator, has received an extension to its existing Payment Institution License from the Bank of Lithuania\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/montonio-gains-lithuanian-payments-license-expands-offering-in-poland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Montonio\u00a0gains Lithuanian Payments License, expands offering in\u00a0Poland\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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