The first instances of online banking, as we know, started to emerge in the mid-90s when the internet itself became public. The popularity of internet banking keeps growing, as technologies develop and become more accessible and widespread worldwide.  Just see for yourself: in 2007, 25% of people within the European Union used the internet for online banking, and in 2017 this figure more than doubled to 51%.  As of 2019, online banking penetration in the EU markets reached 58%, with over 90% of Norwegian, Icelandic, Danish, Finnish, and Dutch populations accessing online banking sites.  The recent lockdown around the world

It’s been a bit more than a year since Genome opened its beta to the public during The White Nights Conference in Berlin. But a lot has happened since then: our EMI was recognized as the Best Online Business Payments Platform 2020 within Europe, launched a referral program beneficial to our clients, and also started a COVID-19 initiative to support low-risk businesses during the pandemic.  We tried our best to gradually enhance the quality of our services, and thanks to that became a part of something even greater. Invest Lithuania, the Lithuanian investment promotion agency published a report called “The Fintech Landscape in Lithuania 2019-2020”. In it, the

Genome made it to the EGR B2B Awards shortlist in Innovation in payments solution category! We at Genome work hard to deliver the best services to our clients. So, seeing that our endeavours are acknowledged and appreciated is very rewarding. Our platform got into the EGR B2B Awards shortlist and is nominated for the Innovation in payments solution title. This is Genome’s first EGR B2B Awards nomination, and this year EGR received 520+ entries, which is their record. Thus, our gratitude for being included in the shortlist is even greater. Known for its coverage of online gaming industry news, the

Due to the issues of our banking partner, Genome is facing an unfortunate update related to SWIFT. For this reason, starting May 21st, Genome will not be able to accept and process any new requests for SWIFT transfers and currency exchange. We are deeply sorry for the inconvenience, but we want to assure you that it is a temporary problem Genome is trying to resolve ASAP. Rest assured that we will inform you as soon as the issue is fixed. Meanwhile the SEPA transfers are still at your disposal and will be handled with no delays, as well as other

Sometimes dealing with banks might be frustrating. For example, to open a personal account you are required to visit a banking institution, most of which don’t work 24/7 and are often crowded, which is something we all try to avoid. And if your business days tend to be busy you really don’t want to waste any time dealing with things like that. You know the saying, modern problems require modern solutions, and luckily, we’ve got one for you – Genome. With our Electronic Money Institution Licence, you can open multiple personal IBAN accounts, which allows you to send low-cost money

The popularity of e-Wallets grows daily, but not all people are aware of this payment method’s services and specifics. Some believe that digital wallets are a safer modern replacement for physical wallets. Others find virtual wallets more convenient for online transactions. And some merchants are wondering whether you can replace a payment gateway with a digital wallet. We at Genome decided to answer the most common and tricky questions about and involving electronic wallets. What is an e-Wallet? An electronic wallet is an application used to mimic our physical wallets online – you can store money and buy products and

The time has come – Genome is rolling out its referral program to reward our personal wallet users. We also made sure that the program will not be subjected to fraudulent actions and fake accounts’ exploits. Step one. Our clients can send their referral link to their partners, colleagues, friends – they all will get a possibility to open an account and use other Genome’s services. Step two. A person, who has received a referral link, needs to use it for registration and complete the on-boarding procedure. Step three. Our referrer client will get 10% of his partner’s or friend’s

We are proud to say Genome received a trophy from Acquisition International magazine and was titled the Best Online Business Payments Platform 2020 within Europe. Each year Acquisition INTL magazine conducts the Global Excellence Awards which covers a wide variety of sectors and countries. This annual program has been designed by Acquisition INTL magazine’s in-house research team that has exceptional expertise. The award was launched in 2016 to recognize and reward the firms and individuals whose sustained outstanding performance has seen them leading the way in their industry. We are happy to be noticed as it is a big motivation

A business bank account is often a topical matter for company owners and merchants, whether you already have one and it is an essential part of your business, or you are an aspiring entrepreneur who is only thinking about opening the account. In today’s blog post we have gathered the main information about a current business account and why do you need it, as well as put together a guide for start-up and small business owners on how to open one. What is a business bank account? A business account is an account a person opens in a bank or

Every update is another step to make your Genome experience smooth and effective. We are starting a series of release announcements, so you can track what was added and fixed in each new version of Genome!  In April release we’ve added transactional reports in both business and personal wallets so you can easily check transaction history from all of your accounts in one place. To make it customizable to your needs we’ve added filters, lots of filters. And finally, this transaction report can be easily uploaded or forwarded to your bookkeeper or a business partner. We also improved validation rules