FinTech Alliance company Tribe Payments has been chosen as a key partner of digital bank Paytend.
Paytend is a digital bank registered with the Bank of Lithuania, providing multi-currency accounts.
Tribe will support acquiring and issuing services through its payments technology platform.
Paytend will be able to issue cards and enable users to add cards to their mobile wallets.
What does this mean?
Through working with Tribe, Paytend can issue both Mastercard and Visa cards and will be supported on both sides of transactions but Tribe’s core platform ISAAC, which is API-led and cloud based.