PayPugs, a Washington DC-based online payment solution for medium and high-risk industries, has announced the appointment of Gints Veidemanis today as the company’s Head of Card, with effect from 31 January 2022.
This is a new job position that the payment service provider has created. Veidemanis will, therefore, be expected to provide leadership and strategy for PayPugs card solutions as well as drive the development and execution of the overall product roadmap. His strategic direction and client-centric approach will make an important impact on PayPugs growth over the coming years.
Before joining PayPugs, Veidemanis worked for more than 20 years in the banking sector. Early in his career, he joined the cards department where he gained profound experience about digital and physical card operations. He had worked in major banks, such as SEB Swedish bank, Luminor bank and RIB (Regional Investment Bank). Therefore, Veidemanis has solid work experience to build PayPugs card operations at an international scale. Besides that, Veidemanis has the expertise to work with VISA and Mastercard, and this gives him the ability to implement the infrastructure for efficient and most importantly compliant operations at PayPugs.
Commenting about the announcement, Veidemanis stated: “I am delighted to have joined the PayPugs team. It is really exciting to join such an enthusiastic and fast-moving company. The vision set out is something that everyone can get behind. The international thinking was an appealing reason to join the company. I hope to do my best to implement the needed business practices in order to reach PayPugs next phase of growth.”
Expanding Fast, Efficient Financial Services to Customers
Last month, Paypugs partnered with Verifo, an e-money and payment services based in Lithuania, to expand banking and payment possibilities in the international money transfer market. PayPugs established collaboration with Verifo in order to achieve cheaper, faster and better financial services in today's competitive markets.
The partnership came when Paypugs is focused on collaborating with third-party partners to enhance its services and sign up business-to-business (B2B ) clients. In November last year, Paypugs partnered with Wallester, an Estonia licensed card issuer and an official Visa Principal Member, to provide card issuing solutions to its clients. Also, in July last year, Paypugs formed a partnership with BDSwiss, a multi-regulated FX and CFDs broker, to bring new payment options to its clients.
