Paynet has entered a strategic partnership with Salt Edge, a global leader in open banking solutions, to ensure compliance with Moldova’s Payment Services Directive 2 (PSD2) regulations. This collaboration will enable Paynet to meet stringent regulatory standards efficiently while enhancing its digital financial services.
Enhancing Compliance and Innovation in Moldova’s FinTech Sector
As a leading FinTech company in Moldova, Paynet is committed to transforming financial services through digital innovation. The company provides seamless financial management solutions, including the Paynet Wallet and Paynet Mastercard, simplifying everyday transactions such as bill payments and money transfers for both individuals and businesses.
Meanwhile, Salt Edge is renowned for its expertise in open banking compliance, offering a robust platform with key features like customer consent management, secure data access, regulatory reporting, and third-party provider support.
A Cost-Effective Solution for Regulatory Compliance
By leveraging Salt Edge’s expertise, Paynet can streamline compliance efforts without the need for extensive in-house development. This partnership aligns with Paynet’s mission to drive digital transformation in Moldova’s financial sector, ensuring a secure, efficient, and fully compliant financial ecosystem.
“This collaboration with Salt Edge will enhance our customers’ experience and strengthen our position as a top FinTech company in Moldova,” said Paynet CEO Calin Gryadchenko.
Setting a Benchmark for Open Banking in Moldova
With this strategic alliance, Paynet and Salt Edge are setting new standards for regulatory compliance and financial innovation in Moldova. Both companies are dedicated to providing cutting-edge solutions that not only meet current regulatory requirements but also anticipate future industry trends.
“We’re excited to support Paynet in achieving open banking compliance while helping them meet Moldova’s strict regulatory deadlines efficiently. Our solutions will ensure Paynet delivers secure, reliable, and innovative financial services,” said Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge.
This partnership marks a significant milestone in Moldova’s financial landscape, reinforcing the country’s position as an emerging hub for FinTech innovation and digital banking solutions.
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