Rietumu Bank is a Latvian commercial bank established in 1992 with headquarters in Riga, LV. The service provider allows financial institutions to send transfers across borders delivering financial services for corporate clients and wealthy individuals. The key functionalities delivered by the service provider are local and international transfers, account opening, and merchant acquiring (see Rietumu Bank - eCommerce for eCom functionality details).
The following currencies are supported by the service provider and can be set as default:
USD (possible for onboarding)
RUB (possible for onboarding)
Only one default currency is allowed for payment processing.
White labels from the following regions can be integrated:
EU (European Union)
UK (possible for onboarding)
EEA (European Economic Area)
An active financial services license is required to implement the integration. Contact your manager for additional details.
Products and services
The following table describes the services delivered by Rietumu Bank.
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.
It is possible to open an account in the following currencies:
Rietumu Bank accounts can be opened for clients from the following countries:
SEPA (Single Euro Payments Area) transfers allow to send and receive payments in EUR within the eurozone.
It is possible to send SEPA transfers in the following currencies:
Rietumu Bank transfers can be sent to the following countries: