The acquisition is in line with Payten's strategy to offer merchants and end customers the most secure and innovative ways of online payments
Company Payten has bought a 100 percent stake in company WSPay, one of the first Payment Gateways in the Region. The company was established in 2004. with a vision to enable real-time payments for goods and services. The acquisition is in line with Payten's strategy to offer merchants and end customers the most secure and innovative ways of payment.
Today, WSPay is one of the leading and technologically most advanced regional Payment Service Providers focused on e-commerce.
Being one of the leading companies in innovations related to online payments, WSPay specialized in creating custom modules adjusted for the needs of web-shops and miscellaneous businesses, such as online booking, flight tickets sale, entrance-tickets sales, and accommodation booking.
Emir Dizdarević, director of Web Studio, stated: "Our mission is to ensure online business with modern digital payment methods and the integration of AI into business processes and digital payment channels. By joining Payten, we have created a synergy that will help us open new business opportunities and provide our clients with the highest quality service."
"This transaction proves that our company is the undisputed leader of payment services in Croatia and the region. I am particularly pleased by the fact that the experts from WSPay are joining us on our journey with their experience and expertise. The execution of our synergy plan will provide merchants with an even better service and enable technological innovations that will define the future of the e-commerce industry," said Damir Čaušević, Payten E-Commerce Director.
WSPay was established in 2004. as a company with a vision to enable real time payment for goods and services. The company started as an IPG (Internet Payment Gateway) that enabled the connection to multiple financial institutions and facilitated credit card payments. As one of the leading companies in innovation and the creator of new ways of online payments since 2004, WSPay has become a PSP (Payment Service Provider) enabling connection of different selling channels with one or more card issuing companies, using miscellaneous payment methods. WSPay functioning as PSP enables the acceptance of a variety of card brands and alternative payment methods to thousands of their merchants across the region.