Fintech & Ecommerce

Genome Adds Visa and Mastercard Payments for Online Merchants

Genome, a company based in Lithuania, has recently launched Visa and Mastercard payment systems that will allow online merchants to accept card payments seamlessly.

Genome Adds Visa and Mastercard Payments for Online Merchants

Merchants can accept card payments through Genome’s hosted payment page or through a direct host-to-host integration, which allows customers to complete checkout on the merchant’s own website and under its domain.

Payments are settled into Genome accounts in EUR, USD or GBP as early as the next business day. This means merchants can use the funds to pay suppliers in the same currency without having to convert them first.

The new service adds card payments to the range of tools already available to Genome’s business clients. These include SEPA Instant and SWIFT transfers, currency exchange, Visa business cards and automated bulk payments.

Genome also provides the Pay By Bank service that is based on Open Banking technology, enabling customers to make payments directly from their bank accounts. Following the addition of the ability to accept card payments, merchants now have the opportunity to offer both payment methods when checking out.

Genome’s CEO Daumantas Barauskas shares that businesses prefer to rely on a single provider rather than several solutions for their payments. He called card acceptance the last piece of the puzzle needed to merge these two types of payments.

With this capability given to the clients, they can now use their accounts to handle payment acceptance, receiving deposits, and payment to suppliers and partners without extra relationships with payment providers.

Availability and next steps

Both existing and new Genome business clients can apply for card acceptance online. Access to the service is subject to merchant approval.

Genome also plans to add Apple Pay and Google Pay, giving merchants more ways to accept payments at checkout alongside cards and bank transfers.

Genome is an electronic money institution licensed and supervised by the Bank of Lithuania. The organization has received ISO 27001 and ISO 27701 certifications for data security and privacy management.

According to the Bank of Lithuania, Genome operated by Maneuver LT, grew its payment transactions volumes to EUR 8.53 billion a year ending 31 March 2026, becoming the fourth largest e-money institution in the country.

Olesia Kramarenko
Olesia Kramarenko
108 Posts

https://payspacemagazine.com/author/olesia/

Olesia Kramarenko is an editor with more than 10 years of experience in journalism. She writes about cryptocurrencies, fintech, and blockchain technology. So far, she has written over 2,000 analytical articles and educational materials. Her interest in cryptocurrencies and digital finance grew in 2016, and these topics have been an important part of her work ever since.