In recent years Estonian electronic business is growing very rapidly, around 15-20% a year. This growth could especially be felt the last year. In comparison to 2014, in 2015 the number of money transfers to accounts of Estonian e-shops via "Paysera" has increased incredible 126%, and the money turnover has been raised by 82%, - says the Head of Development of the electronic payments system Paysera, launched in Lithuania and recently gaining popularity in Estonia, Daumantas Barauskas.

According to him, such interest of Estonian business in "Paysera" is probably also related to the fact that "Paysera" has added two more banks to its payment collection solution – LHV and "Krediidipank". At the moment, the e-payments system cooperates with all major banks in Estonia.

In February 18, at the Conference on International Business Development held in Tallinn and organized by the Estonian E-Commerce Association, uniting 120 members, Daumantas Barauskas will review the most popular payment collection solutions around the Baltic States, their benefits and shortcomings, and alternatives to traditional payment methods.

The condition for success of any e-business which aims to expand to foreign countries is the possibility to offer payment methods popular in the country of interest. For example, in Lithuania there are 6 commercial banks with the License issued by the Bank of Lithuania, 8 branches of foreign banks and 1 representative office of a foreign bank.

"Conclusion of agreements with each bank is time-consuming and administration of each account costs money. We offer a more convenient way to achieve the same results – our integrated solution for payment collection, covering most banks not only in Lithuania, but also in other European countries. Thus, you can have only one account with many various payment methods available, which means less agreements and more money on your account", - states Daumantas Barauskas.

About "Paysera":

International payments system "Paysera" is managed by UAB "EVP International". Having received the e-money license in 2012, the company has already achieved impressive results: at the moment "Paysera" claims more than 200 000 clients. In 2015, 754m EUR was transferred from "Paysera" account.

Services offered by the company comprise various payment methods for both business and private clients: online and mobile payments, international payments at local rates, collection of payments via SMS, online and by QR codes at points of sale, and a free mobile wallet application for smart phones.