Overview

ConnectPay is an API payment platform with headquarters in Vilnius, LT. The service provider allows financial institutions to send transfers across the EU delivering a ready-to-go solution for daily banking. The key functionalities delivered by the service provider are SEPA transfers and account opening.

Default currencies

The following currencies are supported by the service provider and can be set as default:

  • EUR

Only one default currency is allowed for payment processing.

Prerequisites

An active financial services license is required to implement the integration. Contact your manager for additional details.

Website

https://connectpay.com/

Products and services

The following table describes the services delivered by ConnectPay.

Service name

Description

Execution details

IBANs

The provider delivers a service of account opening. An IBAN identifies the account of a customer at a financial institution and allows to send cross-border transfers.

Account currencies

It is possible to open an account in the following currencies:

  • EUR

Locations

ConnectPay accounts can be opened for citizens of the following countries:

  • EU (European Union)

  • UK (possible for onboarding)

  • EEA (European Economic Area)

SEPA transfers

SEPA (Single Euro Payments Area) transfers allow to send and receive payments in EUR within the eurozone.

Transfer currencies

It is possible to send SEPA transfers in the following currencies:

  • EUR

Locations

ConnectPay transfers can be sent to the following countries:

  • 27 countries of the EU.

  • 4 countries from the EFTA:

    • Liechtenstein

    • Norway

    • Iceland

    • Switzerland

  • Microstates within EU:

    • Vatican City

    • San Marino

    • Monaco

    • Andorra

  • The United Kingdom.