It’s the beginning of the year, and Genome’s team already has so much news and updates to share with you! We also hope that your 2021 started great and that we can make it even better with new features and services coming out this year.  Thus, without further ado, let’s see what occurred on our platform in January. Advising on how to start an online shop  Due to lockdowns around the world, many retail shops had to expand their presence by diving into e-commerce. If you are thinking of following this path, but not sure how to approach it, then

There are so many things to banking that some topics aren’t as discussed as others. Unfortunately, the alternative payment methods (APMs) fall into the category, unrightfully so! You see, the APMs are the alternatives to cash and card payments, but throughout the years they became quite widespread and functional.  Check out Genome’s article “Are Alternative Payment Methods the New Banking King?” to find out what it is about APMs that customers prefer. Here are some of the riveting points described in the article to pick your interest. Alternative payment methods drive diversity in customers’ options A great thing about APMs

Not only is Genome proud to be a part of Lithuania’s Fintech landscape, but we are now also facilitating payments for Lithuanian national parking, after winning a tender. It means that any driver can now pay for parking fast and securely if they are in Vilnius, Kaunas, Klaipėda, or Trakai, as we help out around 30 thousand customers per month. The Municipal Enterprise has updated its infrastructure to accept more transactions and provide clients with delay-free services. The decision to widen available payment methods options grew because previously it was available only for Mobile operators’ clients with monthly subscriptions. That forced tourists

Article updated on 24.05.2024 Recent years have shown that moving your business online, at least partially, benefits your company. There are lower maintenance fees, fewer employees to locate in office spaces, and more customers you can reach online.  And, as more and more ecommerce businesses appear, it is crucial to stay up to date with the latest industry trends to keep your relevance to clients.  Learn the best techniques that will help you increase ecommerce sales. Understanding ecommerce fundamentals Ecommerce is a type of business that involves selling goods and services online. It encompasses various business models, from retail and

It is finally here – a blog post about the last month of 2020, and what a month it was! Genome definitely has a lot to tell you before the year ends. So, let’s get to it, as the time for celebration is just around the corner! Uncovering the importance of Open Banking We believe that many people have heard of Open Banking, but not all of them know the extent of it, and the influence it has on the financial industry.  Though it was implemented as a part of PSD2 in the European Union in 2018, other countries are

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. The year is almost over, thus we at Genome thought it would be a perfect time to take a look back at some of the best features and updates we’ve added to our product in 2020. Want to know what are the best updates Genome has to offer? Follow the article to find out. Working with more platforms and marketplaces Our team strives to reach as many merchants as possible. We believe that our services will be beneficial not only for companies with individual websites but for

2020 – what an impactful year, and challenging, no doubt. Lots of people and businesses had to essentially change the way they operate and go through life. But all the hardships pushed the transformation within many industries – banking and e-commerce included. And as both topics are close to Genome’s heart, we’ve decided to sum up how the events of 2020 influenced these two spheres. The snowball effect of non-digitalization  In 2008, the global financial crisis shacked not only the financial industry but people’s trust and perception of a traditional banks’ model. This event also pushed some financial professionals to dive into

The concept of Open Banking is still very new, but is taking Europe and other parts of the world by storm. Though a lot of people heard about it, not all completely understand, what it entails, and how both businesses and customers can benefit from it. So let’s fill in the blanks with today’s article on the matter from Genome. PSD2 and Open Banking  If you are familiar with Genome and fintech lingvo, chances are you have already heard about PSD2, which is a Revised Payment Services Directive, implemented in the European Union in January 2018. We’ve covered the topic before

The autumn came and went, and we only have a month till the end of the year! But for Genome, there’s no slowing down, as we continue working to improve and broaden our services. And November was a busy month for us, like many others before that. So, without further ado, let’s kick off the newest month in review for Genome. The “My Team” feature explored We recently had a new exciting access management feature launched called “My Team”. Although we briefly introduced it in our previous in October’s month in review, since then, described the feature in much more

Kicking off any business requires planning and patience, the same goes for Fintech companies. We at Genome have already passed this starting stage and are very aware of the challenges and difficulties this journey entails. And recently, our team was contacted by Tech.eu to share our experience on the matter, and we gladly did. You can check out the interview of Genome’s COO Daumantas Barauskas in the article “Genome’s lessons learned on best practice in the fintech game”.   Open an account in Genome online Get Started In turn, we will share a couple of points brought up in the