Estonian e-residency now includes payment processing for new companies

The Estonian e-residency now includes a solution that helps new businesses, created via the e-residency programme, also accept payments.

The new service is called “Passport” and it was launched on 14 August by the international payments company, Paymentwall, in collaboration with the e-residency programme.

The e-residency programme said in a statement that the purpose of the new service is to help entrepreneurs from around the world to digitally establish and manage an EU company, empowered with global payment solutions. The programme itself already enables entrepreneurs from around the world to open and run a global EU company fully online.

“Now with Passport, the process of setting up an EU company and connecting the payment processing solutions becomes even easier,” Oleg Gutsol, the head of global growth at e-residency, said. “Passport is especially useful for entrepreneurs in countries like Ukraine, Turkey, India and others, where we already see strong growth, primarily because the global payment solutions are not as readily available.”

Passport is meant to create a global network of companies to help founders find a working space, get localisation services, access business banking, register a company in Estonia, and start accepting payments – all in one platform.

Paymentwall is a global payments platform that allows five billion people to make payments using not only credit cards but also 150 local payment options all over the world.

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Cover: An Estonian e-residency card.

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About the author: Sten Hankewitz

Sten Hankewitz is a lifelong journalist and Deputy Editor of Estonian World. Having lived in Estonia, Spain and the UK, he now resides in the United States. He loves to write and besides contributing to Estonian World and some occasional blogging, he writes for other media outlets in Estonia, Israel and elsewhere. He has strong convictions and he shows them unashamedly. You can follow him on Twitter, friend him on Facebook or check out his personal blog. You can write to Sten at sten@estonianworld.com.