Payment System: Single-window payment gateway and links to local payment systems worldwide

CML Team's partnership with a Lithuanian provider of financial and related services opened doors to new countries and customers. The client needed to facilitate cash pickups and multi-currency transactions, including euros, outside the EEA. Working closely with the client, CML Team enhanced the system by connecting it with various local payment systems globally.

Client country
Lithuania
Industries
FinTech
What we did
Developing a backend part that provides cash pickup transfers, euro transfers outside the EEA and international transfers in different currencies, and participating in developing the frontend part.
Team
4 people
Funding raised
$4M
Hand holding a phone with a mobile payment app showing an account balance, a spending graph and recent transfers

Who is the client behind Payment System?

A global financial company from Lithuania providing various financial and related services. The client is under NDA. It aims to provide convenient and affordable services worldwide for businesses and individuals. Its services transform international payments by making them fast and accessible to everyone, 24/7, on any device and from any location.

What problem did Payment System have?

The client's primary services include international transfers with low fees and managing all clients' money in one multi-currency account. Its services improve convenience and ensure smooth transactions at a fair price. The client needed to facilitate cash pickups and multi-currency transactions, including euros, outside the EEA. It also required smooth integration with various national banking systems.

What did CML Team build for Payment System?

  • Backend part providing cash pickup transfers
  • Euro transfers outside the EEA
  • International transfers in different currencies
  • Integrations with other national payment and banking systems
  • Integration layer connecting the platform to various local payment systems globally
  • Secure data transfer protocols for safety in cross-border, multi-currency payments, including cash pickups outside the EEA
  • Support for smooth international payments
  • Bank-system integration, so the system worked well with banking systems, for better transaction reporting
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  • Single-window payment gateway that consolidates multiple payment rails into one interface, for easier use
  • Old platform modules updated using modern technology

What was the result for Payment System?

The partnership opened doors to new countries and customers, supporting the client's expansion and improving service offerings. It provided the new tiers of users with secure payments. It enabled the client's expansion into new countries and customer segments by supporting new payment corridors and multi-currency and cash pickup capability outside the EEA.

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Mobile payment app cards screen beside a blue debit card, with options for limits, PIN, freezing and topping up
Two phones showing a payment app's savings accounts, with goal progress bars and a savings account detail screen

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