FINTECH COMPANY IN MADRID

Within the aid plan for the internationalization of SMEs in the Valencian Community of the Valencian Institute of Business Competitiveness (IVACE) for the 2024 fiscal year, through the SUBSIDY – INTERNATIONALIZATION STRATEGY program.

The company PAYNOPAIN SOLUTIONS, S.L. has participated by carrying out the project “International Expansion of PAYNOPAIN: Marketing and Communication Strategy for the new Office in Portugal,” with file number ITCOES/2024/70.

This project is the first phase of an internationalization process, consisting of the opening of a new office in Portugal (Lisbon), providing direct presence in a new region for the company, which possesses a rapidly growing economy in the financial fields, being one of the countries with the highest demand for Fintech services currently.

Within the internationalization plan, the aim is to develop new business in other territories, strengthen the company’s position, and expand current services offered, in order to continue providing tools to all entities requiring its solutions. Among these future expansions and service diversifications to be integrated within the expansion plan, the following stand out:

New License for the category of “Electronic Money Institution.”
Issuance of cards under the Electronic Money Institution (EMI) license.

The project has been funded by the Valencian Institute of Business Competitiveness (IVACE) and by the European Union through the FEDER Operational Program of the Valencian Community 2021-2027.

Project: “Electronic Smart Wallet with Wireless Technologies”.

This project has been co-financed by the European Regional Development Fund (ERDF), within the Operational Program for Smart Growth 2014-2020, with the aim of enhancing research, technological development and innovation.PaynoPain Solutions S.L.

PAYNOPAIN provides its payment services through the payment entity license PAYNOPAIN FINANCIAL SERVICES, SL; entity registered in the Special Registry of Payment Entities of the Bank of Spain with the entity number (6899). PAYNOPAIN FINANCIAL SERVICES, SL is a mercantile company registered in the Mercantile Registry of Madrid, Volume 39824, Folio 88, Page M-707501, 1st Inscription and with tax identification number B-88513593.