WoraPay, a Lithuanian startup, is not a mobile wallet itself, but rather a mobile acquirer who builds a network of sellers for mWallets: banks, telecommunication operators and payment service providers. WoraPay currently operates in the Baltic States and provides mobile payment solutions for restaurants, petrol stations, taxis, entertainment arenas and sales of tickets. WoraPay is used by a number of financial institutions and mobile wallets to provide thousands of users seamless payment solutions. The company has also deployed innovative solutions for donation collections and provides analytical services for small and medium businesses.
“We integrate with POS software providers to build QR code solutions at service locations: tables in restaurants have unique QR codes, petrol pumps in filling stations have it as well, and so on. Any mWallet on the platform can be used to pay a bill – this creates many new business cases financial institutions,” says Aurimas Bakas, co-founder and CEO of WoraPay.
WorPay met their backers in Tel Aviv during Startup Lithuania Roadshow 2013.
There are more than 150 supported seller locations in the Baltic States. Lukoil petrol station chain which, is the largest in the Baltic States, is among the largest customers of WoraPay.
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