One of the most dynamic industries to have emerged over the last five years is the Fintech industries. While it is true that the usual suspects like United States, United Kingdom, and China remain at the top of the tree, many other nations have also joined in the act. A company needs a vision, technical know-how, and commitment to innovation to create a Fintech company. Hence, many other countries have had success in this regard as well and one of those in the country of Lithuania. It is not particularly known for its technical excellence, but in the Fintech space it has made some progress and the best example of its success as a Fintech hub is the company Paysera.
The company has managed to grow by leaps and bounds in its home country and now it is looking to enter new markets as it chases substantial growth in the years to come. To that end, it has decided to launch its services in Romania and the operations were launched officially on 16 July. It is a significant development for Paysera and could help the company become a major player in Romania. There are plenty of Fintech companies which operate in Romania as well, but according to Paysera, many of the international companies charge too much by way of commission. With the usage of Paysera, consumers in Romania would not have to pay through their nose for a financial transaction and that makes it an attractive proposition.
In a statement that was released by Paysera on its Facebook page, the company stated,
“Nowadays, the international payments market in Romania has high commissions for transfers in different currencies. In addition, for a local company that operates on any foreign market, it’s very hard and expensive to open an account abroad. This is the main reason why we are launching Paysera services in Romania.”
It is important to note that the company has made an effort to make its service as attractive to Romanian as possible. There is also going to be a customer service team that will speak in Romanian.