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Viktoria Soltesz Founder, PSP Angels the most suitable payments and banking solutions on the market: weapply on behalf of the merchants with the most relevant providers and banks, allowing them to make the right decision, based on price, safety, integration, etc. We also consult about fraud and chargeback solutions, crypto payment acceptance, asset security and risk, hedging, etc What is the biggest challenge you had to face in your sector and how do you differentiate with other PSP providers? We are not a payment service provider nor a bank. We are an independent and unique payment consulting firm with access to the “hidden” market information which is necessary for every online business in order to make informed business decisions. In this industry, everything is changing all the time. Also, a lot of information is well hidden as many businesses deals are conducted on a personal level (I know you, trust you, so I service you) So one needs to use all their network, connection, time, expertise, and money to remain up to date with the latest information. Which provider does what? For how much? What works, what doesn’t? Who settles on time? Who is risky? Who to trust when reaching out to new jurisdictions? What are the preferred payment methods in various countries? Which PSP provides these payment methods plus and accepts my risk online business? Which provider does what? For how much? What works, what doesn’t? Who settles on time? Who is risky? Who to trust when reaching out to new jurisdictions? What are the preferred payment methods in various countries? Who is the PSP which provides these payment methods How many years has PSP Angels been in the business and if possible, to share few information about your operations, target regions and vision I started as a tax accountant in Cyprus over 15 years ago. When more and more clients started to have issues with moving funds internationally and asked me about bank compliance, instead of tax planning, I realised that there is a huge gap in the market for an independent payment consultancy service, which explains how “banks think” and how to adhere to it. I opened PSP Angels 4 years ago, with the aim to simplify and explain this very complicated and subjective world of high risk payments. Today we specialised in providing consultancy services to not only payment institutions but also to high risk online businesses (forex, gaming, crypto, adult, CBD, etc). We screen the market to give an accurate picture to our clients about their possibilities for payment processing and banking. We partner up with hundreds of payment service providers (PSPs) and acquiring banks, to understand their acceptance criteria & their services. We usually set up an overall payment strategy for businesses to optimise the risk and cost of the payment providers. We assist financial institutions with correspondent accounts, high-low risk portfolio balancing, pricing, etc. We also assist our clients with
What are the preferred payment methods in various countries? Who is the PSP which provides these payment methods plus accepts my risk online business? We invest in building our vast network with banks, payment institutions, and the market leading fintech businesses to gain valuable and up to date information about the payment scene. We ask these questions on behalf of our clients, and we keep our pulse on the market to be able to give updated market information.
How has technology and digitalizationimpacted fintech and payments post-pandemic? Technology and digitalization is obviously a big part of the payment market since we’re talking about online businesses. I think we got the “lucky end” of the pandemic as the closedowns positively affected the majority of the high risk verticals: adult, gambling, investments, streaming, ecommerce, future tellers, online education, etc. The increased sales figures allowed the companies to invest in technology and come up with innovative ideas, so today we see the results. Several online companies also absorbed the payment vertical