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Payment Service Provider (PSP)

 A payment service provider, also known as a PSP, is a third-party financial institution that provides merchants and businesses with a variety of services such as virtual/physical/soft POS provision, payment gateway, card storage, dealer collection platforms, and white-label fintech services.

Working with multiple acquiring banks and payment networks, payment service providers handle the whole transaction process from point A to point B. Additional services, such as fraud protection, risk management, reporting, and fund remittance, are provided to decrease a merchant’s dependency on multiple financial institutions.

2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB
2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB