Paynetics, one of Europe’s leading providers of embedded finance and comprehensive payment solutions, partners with MyMonty, a pioneering financial technology company to launch a digital wallet.

MyMonty’s app, with Paynetics’ digital infrastructure, enables customers across the EU and the UK, to easily access payments accounts and cards. By transforming the payment services experience into an effortless digital process, the app will cater to the fast-paced demands of today's world, eliminating the need for complicated financial management.

“We are thrilled to partner with MyMonty, an innovative company that shares our vision for the future of digital finance,” said Valeri Valtchev, Paynetics’ CEO.

“Our solution is designed to provide flexibility, security, and scalability, and we are confident that it will help MyMonty deliver exceptional value to their users.”

The solution provided by Paynetics enables MyMonty to offer a secure and intuitive user experience. Not only does the partnership serve the unbanked and underbanked, but caters to the financial needs of the tech-savvy, relieving them from the conventional services offered by traditional institutions. This marks a significant milestone for both companies as it will significantly enhance the overall user experience while providing a more streamlined and efficient way to manage finances.

“Partnering with Paynetics allows us to leverage their expertise in payment solutions and focus on what we do best - innovating and delivering top-notch user experience digitally packaged to meet consumers’ expectations”, said Charles Matta, MyMonty Chief Strategy & Partnerships Officer.

“We are excited about the possibilities this partnership brings and we look forward to a successful collaboration that reflects our vision to establish ourselves as a premier leader in the financial services industry.”