News

Request Finance, specialising in cryptocurrency and fiat financial operations, has acquired Pay.so Lithuania, a regulated virtual asset service provider (VASP).

This move allows Request to offer a fully compliant, one-click solution for on/off ramp payment that bridges the gap between crypto and fiat, simplifying global transactions for companies of varying sizes.

Pay.so Lithuania is known for operating under regulatory frameworks tailored for companies that provide services with digital assets.

It is said that Pay.so has seen a tenfold increase in growth within just nine months.

It offers a range of currency coverages in the market and has been facilitating fiat payouts in numerous currencies for Request clients.

These include USD, EUR, GBP, AUD, CHF, SGD, NZD, THB, HKD, IDR, CAD, INR, AED, KRW, JPY, MYR, and PHP.

With this acquisition, Request enhances its capabilities to provide Fiat2Crypto onramps and Crypto2Fiat offramps for transactions ranging from $100 to $100m.

This functionality extends to direct payments, multi-payee bill payments, and employee payments, streamlining the financial processes for Request clientele.

Pay.So US CEO Chris Butcher said: "The acquisition of this regulated Lithuanian entity puts Request in a prime position to double down on fiat payments and extend its lead as the number one crypto accounting and payment solution."

Request Finance Legal & Compliance head Valentin Faye stated: "Acquiring a VASP and pursuing MiCA compliance is essential for building trust and long-term growth in our digital finance landscape. Plus, offering our users the first in a long line of regulated services enables them to manage all their operations with and from our platform."

Request Finance CEO Christophe Lassuyt said: "This is a game changer for Request Finance which now supports a broad range of hybrid businesses, from those who want to earn revenues in digital currencies without touching crypto, with no crypto on the balance sheet, to those who run compliant finances without a bank account."

"Request Finance buys Pay.so to streamline crypto-fiat transactions " was originally created and published by Electronic Payments International , a GlobalData owned brand.

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