Stanhope Financial will power the new Gate Visa debit card with its intuitive back-end, enabling users to effortlessly convert and spend crypto in the real world.
SH Financial UAB, the global financial service aggregator, has gained principal member status in the Visa payment scheme, enabling access to customers across the EU and EEA. The European-based fintech offers comprehensive cross-border payment solutions through its digital platform. Direct membership enables SH Financial’s customers to fast-track access to the Visa payments network.
Stanhope Financial Group is a global provider of digital financial and payment services, headquartered in Ireland with subsidiaries in Europe (Lithuania) and Dubai. Through those subsidiaries, UAB SH Financial and SH Digital (Europe) UAB, the group has appropriate banking connectivities and regulatory authorisations including an Electronic Money Institution (EMI) licence and Virtual Asset Service Provider (VASP) registration, enabling the group to offer payment services and issue electronic money and stable coins.
Following the 2008 crash and the chaos of the global pandemic, an unhealthy culture has developed amongst the big banks whereby it is now all too easy to blacklist an SME, refusing them core banking services and justifying the decision due to fears of risk. The OECD even revealed that this tightening of credit condition was clearly evident for all banks’ clients, particularly SMEs, and the European Central Bank also confirmed this was the case, citing poor SME economic prospects, increased cost of capital and a desire to rebuild bank balance sheets, as reason for the global SME slighting.
Stanhope Financial Group hires Rob Groombridge as Chief Product Officer following $10m funding round
Payments industry veteran Rob Groombridge has been appointed as Chief Product Officer, tasked with leading the group’s card and payments product offering in conjunction with Gate.io. Groombridge brings with him over 30 years of experience working across international markets. He has previously served as Chief Commercial Officer for Cardoro, a fintech firm focused on providing card solutions via APIs and Glownet, a leading technology provider to the global event industry, providing payments services and solutions.
SH Financial joins CENTROlink network, offering customers access to Single Euro Payments Area (SEPA)
CENTROlink, which is operated by the Bank of Lithuania, will allow SH Payments to clear SEPA payments for clients directly via the European Banking Authority (EBA) clearing without using a correspondent bank. The new system will enable SH Payments to diversify its product offering, allowing the company to offer an LT IBAN in addition to the current IBAN offering: LU, DE, DK & GB, to its clients.