Fintech News

Safenetpay To Expand Its Operations Across The European Market

Safenetpay European Market

The team at Safenetpay has taken a giant step towards helping as many businesses as possible across the globe to enjoy an amazing payment processing experience as the company established a subsidiary in Denmark. In a related development, the one-stop business payment solution provider is enhancing its services for EU/EEA customers, recently acquiring the EMI licence to help spread its tentacles across the region.

We chose Denmark as our European base because it is home to one of the most thriving start-up cultures in Europe and has one the most digitalised economies in the world. The Danish regulators encourage Entrepreneurial spirit, collaboration and the pursuit of innovative solutions to complex problems,” said Sanjar Mavlyanov, Founder and CEO of Safenetpay.

Overview Of The Global Payment Solutions Market

The global financial payment solutions market has continued to evolve over the years, as more companies, especially tech startups, emerge to meet the growing and diverse needs of businesses and their customers. A recent report published by Allied Market Research put the value of the global payment processing solutions market at $39.57 billion in 2020, with a projection that it will hit $146.45 billion by 2030. While the figures seem encouraging on the surface, several businesses still struggle with their payment processing service providers. The case is not particularly different in Europe, which is where Safenetpay is looking to make a difference by enhancing their services across the region.

Who Is Safenetpay?

Safenetpay is a provider of an all-in-one payment processing, acquiring and financial service for different categories of clients, including SMEs, sole traders and freelancers. The company has built a reputation for offering multi-currency business accounts, international payments in more than 150 currencies, card processing and merchant accounts. 

The goal of the company is to redefine business payment processing by delivering solutions tailored to meet the diverse needs of different categories of businesses. The services from the company help clients to make and receive payments quicker and more conveniently without having to break the bank or bother about compromising the integrity of their financials, allowing them to focus on other important aspects of their business. 

Services Offered By Safenetpay

Safenetpay, thanks to a team of highly experienced and well trained professionals, offers services that are broadly categorised into Business Current Accounts, International Payments and FX, and card processing and merchants accounts.

Business Current Accounts

The business current accounts enable clients, including small business owners, freelancers, and to manage multiple currencies from one account. Other features and benefits of the service are  transactions between Safenetpay accounts, unlimited local transactions, faster and smarter card payments, and quick international payments with competitive FX rates.

International Payments and FX

This category of service allows clients to make more secure international payments, faster and cheaper. Clients are also able to sell globally and pay locally in more than 150 currencies including USD, EUR, GBP, JPY, AUD, and CHF. 

Card Processing and Merchants Accounts

The Safenetpay merchant account enables to accept online card payments faster, smarter and more securely. Clients can accept online payments from the likes of Visa, Mastercard and Maestro, with plans to add other major networks, in line with the universality of the solutions from Safenetpay. The easy integration of the Safenetpay Gateway is another feature of the solution that will endear it to clients, working with Magento, WooCommerce, PrestaShop, and other major e-commerce platforms. The advanced AI-powered anti-fraud technology of the service also helps clients to eliminate chargeback fraud, without deploying any additional solution that often fail to deliver as claimed.

Expansion Of Services In Europe

Safenetpay was recently granted the EMI licence, enabling the business to operate better within the EU/EEA. The feat will give the company the freedom to promote and provide services in the region, without negotiating arrangements and obtaining separate licences in other member states.

The company has also established a Danish subsidiary and also received a license, which will makes it a lot easier to expand its operations in Europe and provide SMEs and sole traders with smarter business solutions. 

The decision to opt for a Danish subsidiary became necessary after considering Ireland, the Netherlands, France and Cyprus, as the UK-based fintechs look for a European base to continue their ambitious growth plans. As part of the expansion move, Safenetpay will be hiring a local team to oversee its entry into the EU/EEA market, focusing on domestic SMEs and sole traders. The team will work under the Danish subsidiary of Safenetpay, with the London headquarters overseeing operations.

For more information about Safenetpay and the range of solutions offered, visit – Safenetpay can also be found across social media, including Facebook and LinkedIn, with a mobile app on the App Store and Google Play for users of Android and iOS devices.

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