Paynet, Moldova’s first digital wallet and a leading electronic money institution (EMI), joins forces with Salt Edge, a global leader in open banking services, to comply with the country’s PSD2 regulations.

Paynet is a major player in the Moldovan financial landscape, offering a seamless financial management tool for both businesses and individuals. Committed to transforming everyday payments into hassle-free and efficient processes, the company launched the Paynet wallet, followed by the Paynet Mastercard. The Paynet wallet, an all-in-one app solution, enables users to easily manage their finances, from paying utility bills to making money transfers.

This dedication to making daily payments faster and more secure aligns with Paynet’s broader mission of accelerating the digitalisation of the local economy. To turn this vision into reality, Paynet recognised the importance of achieving open banking compliance. However, building an in-house compliance solution can be both costly and resource-demanding.

Following the effective deadline for complying with the Law transposing PSD2 into Moldovan legislation in February 2025, Paynet sought a trusted partner with globally proven expertise to conform to the new requirements. With years of expertise in guiding financial institutions worldwide through open banking compliance and its ability to deliver reliable and timely implementation, Salt Edge stood out as the right choice. 

Salt Edge’s full-stack Open Banking Compliance solution allows Paynet to align with Moldova’s regulatory framework while automating several key processes, including customer consent management, report generation, and fully managed support for Third Party Providers (TPPs).

Working together with Salt Edge to implement an open banking solution will elevate our customers’ experiences and reinforce Paynet’s position as a leading fintech company in Moldova. This collaboration underscores our dedication to offering services of outstanding value adapted to the rapidly evolving market demands, marking a significant step forward in our mission to bring innovation to the financial industry.

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• Calin Gryadchenko, Chief Executive Officer at Paynet

   

This collaboration enables Paynet to optimise resource allocation and significantly reduce operational costs. On top of that, Salt Edge’s robust security measures help mitigate fraud risks and enhance overall security, leaving Paynet to focus on keeping pace with market trends and fostering innovation in the region.

We’re thrilled to support Paynet in achieving open banking compliance and meeting Moldova’s rigorous regulatory deadlines efficiently, all while enabling the company to deliver secure, reliable financial services to its customers. With Salt Edge’s Open Banking Compliance Solution, Paynet reinforces its commitment to providing businesses and individuals with greater control over their finances, contributing to a safer, more dynamic financial landscape in Moldova.

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• Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge

   

About Paynet

Paynet is a leading technology company specialising in payment solutions, managing some of the most complex transactions in Moldova. We connect consumers, financial institutions, merchants, and businesses in a secure and efficient payment ecosystem, offering tailored solutions for both B2B and B2C segments.

Our online and mobile payment solutions enable customers to make fast, secure transactions while eliminating unnecessary bureaucracy and hassle. With Paynet, users have the freedom to pay anytime, anywhere—whether from the comfort of their home or via a mobile device—through an intuitive and user-friendly interface.

At Paynet, we are committed to simplifying and enhancing the payment experience, pioneering Moldova’s first e-Wallet. Our mission is to transform everyday payments into secure, seamless, and efficient processes, accelerating the digitalisation of the local economy.
The Paynet platform integrates effortlessly with merchants’ systems, delivering tangible benefits for both businesses and consumers by optimising payment processes and expanding access to financial services.

For more information, visit www.paynet.md

About Salt Edge

Salt Edge is a financial API platform with PSD2 and open banking solutions for every business. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5,000+ financial institutions in 50+ countries. Salt Edge’s commitment to reshaping the digital world has been recognised in The Forrester Wave™: Open Banking Intermediaries, 2023 Report, where the company was named a Strong Performer.

More information: www.saltedge.com
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Email: press@saltedge.com