Montonio gains Lithuanian Payments License, expands offering in Poland

By Gloria Methri

Montonio, the Estonian FinTech innovator, has received an extension to its existing Payment Institution License from the Bank of Lithuania, empowering the company to hold clients’ funds and provide additional paid services. This license extension paves the way for Montonio to innovate its platform further and bolster its offerings to merchants across Europe.

Alongside this, Montonio is growing its customer base in Poland with the introduction of BLIK, Apple Pay, and Google Pay to its platform. This addition supports Polish merchants’ business growth and positions Montonio as a key player in the FinTech industry.

Markus Lember, Co-founder and CEO of Montonio said, “This is a milestone for us. The extension of our license and the introduction of new payment methods in Poland represents a considerable expansion of our capabilities. We are excited about the future and look forward to introducing more features that make the lives of merchants easier and help them grow their businesses.”

With the extended license, Montonio can explore wider product development possibilities. Notably, its automatic refunds solution is currently in the testing phase with select merchants and Montonio plans to roll out this feature soon.

Meanwhile, the company is enriching its payment solutions in Poland. By integrating BLIK, Apple Pay, and Google Pay, the company enhances convenience for merchants and customers, providing multiple secure payment options to match the evolving preferences in the country’s growing e-commerce market.

Karel Nappus, Montonio’s COO, said, “We believe in democratising access to low-cost payment solutions. With the extension of our license and the addition of new payment methods, we are reaching even more customers and assisting our merchants in exploring new markets confidently.”

With a forward-thinking approach, Montonio aims to facilitate secure and seamless transactions while empowering merchants with innovative, cost-effective payment solutions. As the Polish payments market continues to grow, Montonio is committed to supporting this growth through cutting-edge FinTech services.