Paynetics
BG · Sofia · Bulgarian National Bank (EMI license)
Paynetics is a BaaS Provider / EMI based in BG (Sofia), regulated by Bulgarian National Bank (EMI license). The institution operates an active Banking-as-a-Service program, launched in 2015.
Paynetics supports the following products and services: Cards, Payments, Accounts. The bank serves customers across EU, UK.
Notable fintech partners include Viber Pay (Rakuten Viber), Delivery Hero.
- Products Supported
- CardsPaymentsAccounts
- Geographies Served
- EU, UK
- Charter / Regulator
- Bulgarian National Bank (EMI license)
- API Standards
- REST API, SEPA
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2015
Viber Pay (Rakuten Viber), Delivery Hero
None confirmed active
EU and UK licensed EMI. 60+ B2B partners. One of few European providers offering both card issuing AND acquiring.
Powers Viber Pay (1M+ wallets). Rapidly growing embedded finance infrastructure.
Bulgaria's Paynetics Acquires UK Digital Bank Novus
Embedded finance provider Paynetics acquired Novus, a B-Corp certified UK digital bank. The deal expands Paynetics' banking capabilities in the UK market. This is a notable example of a BaaS/embedded finance player acquiring a licensed banking entity to deepen its service offering.
Paynetics and phyre Launch Digital Wallet for Bulgarian American Credit Bank
Paynetics and phyre launched the B@CB Pay digital wallet platform for Bulgarian American Credit Bank (BACB). The platform supports Tap to Pay, P2P transactions, and bank transfers, with planned additions including lending and business accounts. This represents an embedded finance partnership enabling a traditional bank to offer modern digital wallet capabilities.
Paynetics and phyre Launch Digital First Mastercard with Telecom VIVACOM
Paynetics, phyre, and Bulgarian telecom VIVACOM launched one of Europe's first Digital First Mastercard payment cards in Central and Eastern Europe. VIVACOM became the first telecom in the region to issue such a card. The partnership exemplifies embedded finance by integrating payment services into a telecom platform.