The need to send money to another country might hit you anytime – both for your personal or business needs. Thus, knowing what to do in this situation is important, and Genome got you covered. In this article, we will describe the best ways to transfer money internationally, so that you can understand which one is the most beneficial for you. International transfer companies If you or a person/business to whom you send the funds don’t have a bank account, you can use international wire transfer services. Companies that provide these have branches in some countries and allow you to

Yes, it’s finally here! We are glad to announce that Genome’s referral program is expanding and is now available for the owners of business wallets as well.  To access this feature, you need to open a business account within Genome and pass the KYC procedure. If you need any help with that, please check out our detailed tutorial with screenshots on how to open a business account. With this out of the way, it takes only three steps to activate the benefits of the referral program. ONE. Log in to your business account, where you can find the “Referral Program” tab in the

We at Genome are proud to be acknowledged as a part of the Lithuanian Fintech landscape. As of 2020, there are over 200 Fintech companies here, and thanks to that Lithuania became the largest Fintech hub within the European Union by the number of licensed companies and was placed 4th in the Global Fintech Rank.  It feels great to make a contribution to the country’s development, and we want to continue doing so. Hence, Genome is annulling all the service fees for companies based in Lithuania and for all our existing Lithuanian clients starting August 17th, 2020. We are also

The article was updated on 27.06.2024 Nowadays, having an IBAN number is common, especially within European financial institutions. Still, some might wonder why IBAN codes are so long or why they were created if SWIFT codes were already a thing. This Genome article will cover the above questions, as well as explain how to send money using an IBAN number and the overall significance of IBAN numbers in online banking. What is an International Bank Account Number (IBAN)? IBAN stands for International Bank Account Number. The European Committee for Banking Standards established the International Bank Account Numbers in 1997 to

Welcome back to Genome’s month in review, where we take a look at the news, articles, and events throughout the month. And in July, we had exciting news for our potential and loyal clients. So, it’s a perfect time to catch up with the latest updates and insights, if you haven’t already.   Deep dive into the SEPA payments SEPA transfers are common for European countries, but not all people might be aware of its purpose, the full list of SEPA countries, or even how to make a payment. That’s why this month we wrote an exstensive article on the topic.

Sometimes having a secure and agile PSP platform is not enough, as it should also be easy to use and comprehensible for your clients. And we at Genome are working exactly on that. We are proud to announce that Genome got localized to five more languages, which are: German, Spanish, French, Italian, and Norwegian – all for our clients’ convenience.  Changing the language is really simple – just go to my.genome.eu and, before logging in, pick the language option you prefer in the upper center of the screen, near the “Terms of use” tab.   Open an account in Genome online Get

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. Having a merchant account is crucial if you want to accept money for your online goods and services. And right now, E-Commerce is not only one of the most in-demand industries but is also an opportunity for retail shops to move some of their products online to strive during the lockdown or similar scenarios.  With Genome, you can open multiple merchant accounts easily and online, no need to leave your house. After getting Genome’s merchant account, you will be able to accept credit cards and alternative method

Sometimes it’s hard to imagine that years ago money transactions between European countries took up to five business days and fees for these were very distinct. However, now the payments are mostly seamless as a result of SEPA adoption. So, let’s take a look at how and why the SEPA appeared, its advantages, and explain what these transactions are and how to make them. Ready? Let’s start. What is a SEPA transfer? SEPA is an initiative adopted by the European Union to integrate electronic payments within its borders. A SingleEuro Payments Area was the next logical step in creating a

It’s that time again – the month is over and we’d like to update you on all of the important news, updates, and events that happened in regards to Genome in June. Interested? Then buckle up and let’s start the month in review. A new blog article about online banking We continue expanding Genome’s blog with more articles about banking and payments so that our existing and potential clients could have access to a comprehensive guide on every aspect of the industry if they need to. This time we’ve looked into the topic of online banking and what do you need to know

The COVID-19 pandemic definitely has pushed financial institutions to change the ways they operate and come up with new solutions for this. These and other topics were recently discussed during the Fintech week Lithuania online conference on the 15-18th of June. Genome also participated in the event and we would like to share some of the most interesting ideas voiced during a panel “The most exciting COVID-19 crisis innovations that will shape the future of Fintechs”. The issue was deliberated on by the head of Fintech Lithuania at Infobalt Paulius Tarbūnas, head series producer and host at Fintech Finance Douglas