Walletto, an electronic money company successfully operating in the market for more than six years, known for its financial solutions in many European countries, observes that international experience and expert competencies are increasingly in demand right here in Lithuania. According to company representatives, Walletto’s efforts in providing payment acquiring services and optimizing many features relevant to electronic commerce and electronic payments are particularly relevant to Lithuanian customers.

“It is gratifying to see that through our active participation in the Lithuanian market and e-commerce events, through organized training sessions and consultations, we are attracting more and more attention from electronic marketplace managers right here in the local market. After six intense years of activity and experience in implementing online payment acceptance through various payment methods further inspire us to share the acquired knowledge. Therefore, we collaborate closely with Lithuanian companies so that they do not have to search for necessary solutions ‘across the seas’ when both they and the attention of IT specialists are right here. We aim to be the best partners for e-commerce companies – providing tools and knowledge for growing their businesses or just starting online sales,” notes Valerijus Tomaševičius, Head of Payment Department at Walletto .

Walletto collaborates with e-commerce businesses in various sectors, including electronics and IT products, books, clothing, jewelry, beauty and wellness products, fast food delivery, accommodation, education, and other service industries.

Projects speak for themselves

According to the speaker, the strengths of the “acquiring” services of Walletto are its flexible and extensive basket of financial service solutions.

“We can offer e-commerce clients a good user experience (UX) by integrating payment options in online stores: the very popular open banking service, payments via Mastercard, Visa cards by entering data or with just one click, using Apple Pay, Google Pay. We have developed solutions for payment collection for small businesses even without integration, and for experienced e-commerce developers, we help achieve conversion rate growth by implementing additional ‘acquiring’ functionalities. Our priority for partnerships is not the size of the company but its ambitions to operate successfully in Lithuania or expand into international markets. We want to become an easily accessible ‘corner’ for companies that find it difficult to decide which financial partner for online payment collection to choose,” says V. Tomaševičius.

Walletto recently formed a partnership with a company developing smart electric vehicle charging solutions. The latter needed to implement a recurring payment model – a subscription-based payment model applied to software acquisitions, membership payments on various platforms, and payments for other services.

“Our company’s competencies, rapid concentration of IT specialists, allowed us to implement this functionality in a very short time, of course, after testing the solution beforehand. Later, we will introduce an even simpler payment model implemented for this client,” outlines the Head of Payment Department.

Distinctiveness in the Fintech market

UAB Walletto obtained the electronic money institution license from the Bank of Lithuania in 2018. The company provides SEPA, SWIFT payment services and is a direct member of Mastercard and Visa, offering payment card issuance and online payment collection services.

According to the data of Bank of Lithuania for the first half of 2023, Walletto ranks among the top 10 largest electronic money institutions in Lithuania based on money issuance and payment collection revenues. The company currently employs over 100 specialists in Lithuania and other European countries.