Bronze Sponsor
Wallester is an Estonian-licensed financial institution and has been an official Visa partner since 2018, specialising in innovative digital financial solutions and card issuance. We empower companies across the European Economic Area (EEA) and the UK to streamline payments, launch branded cards, and scale efficiently.
What we do:
1. White-Label Solution with Embedded Finance:
Our White-Label solution enables businesses to integrate financial services directly into their platforms - a concept known as embedded finance. This allows companies to launch branded payment cards tailored to their specific needs, enhancing customer experiences and opening new revenue streams. We ensure a swift time-to-market with simplified integration and dedicated support from our implementation team.
2. Wallester Business: Corporate Expense Management:
Wallester Business is designed to modernise corporate expense management. It provides companies with instant access to virtual and physical Visa cards, streamlining financial processes through a modern app and comprehensive portal. Features include expense tracking, budget analytics, and seamless integration with accounting systems to enhance financial oversight and efficiency.
With a diverse team of over 140 professionals located in Estonia, Latvia, France and the United Kingdom, we are dedicated to developing high-quality, profitable products for our clients. Our passion for innovation drives us to improve and adapt to the evolving financial landscape continuously.
We aim to elevate businesses by providing the most advanced financial technologies, enabling them to reach new heights in efficiency and growth. We are always open to collaboration and eager to assist companies in navigating the future of finance.
Case Study: How Latvijas Pasts Modernised and Grew with Wallester White-Label
Introduction
Latvijas Pasts, the official postal service owned and operated by the Latvian government, has long been integral to the country’s social and economic infrastructure. It has 2,300 employees and over 600 service points. In 2023, market challenges prompted the need for bold modernisation. For Wallester, the opportunity to work with a major governmental institution was a great honour and presented a welcome opportunity to showcase our flexibility and the value of our products.
Why Change Was Needed
Before partnering with Wallester, Latvijas Pasts faced significant challenges:
The Wallester Solution
In April 2023, Latvijas Pasts partnered with Wallester to launch branded payment cards and modernise its financial offerings. Leveraging Wallester’s White-Label platform, the collaboration introduced:
Key Features
This project delivered crucial financial services to underserved rural communities, modernising their access to banking.
Results
The partnership’s impact was evident in Latvijas Pasts’ 2023 financial results:
Source
Planned future initiatives include:
Conclusion
According to Sergei Astafjev, CEO of Wallester, the partnership between Wallester and Latvian Pasts has expanded the horizons of the financial sector in Latvia: “Our collaboration has been instrumental in transforming the Latvian finance sector. Through implementing the latest technologies, Latvian Pasts has tremendously impacted daily banking operations for Latvian citizens. This vision aligns perfectly with Wallester’s mission of democratising access to cutting-edge technologies. ”
Latvijas Pasts’ transformation shows that choosing the correct partner can help modernise even the most traditional institutions. By combining Wallester’s expertise with its commitment to innovation, Latvijas Pasts set a benchmark for other postal services worldwide.
According to Mārcis Vilcāns, Chairman of the Board of Latvijas Pasts: "Every modern company must keep up with demand, adapt to changing customer habits, and offer services that make day-to-day life easier. A large proportion of financial services havemoved to the digital environment. This is something that every modern company has to take into consideration, keeping up with demand, responding to changing customer habits and providing services that make everyday life easier for customers.”
