Collaboration Coincides with the Launch of PayDo‘s Innovative Non-Redirect E-Wallet, Aimed at Boosting Conversion for Online Merchants.
PayDo, the international online banking platform, today announced a strategic collaboration with Fidor Bank, a leading digital bank based in Germany. This partnership is designed to significantly improve the quality and speed of SEPA, SWIFT, and Target2 payments for businesses across Europe.
PayDo Key Data
| Trading name | PayDo |
| Business activities | FCA-regulated e-Money Institution FinTRAC-registered MSB Merchant service provider |
| Domain | https://paydo.com |
| Social media | LinkedIn, Twitter, Facebook |
| Legal entity | Ecommerce Technologies Ltd Paydo Canada LTD |
| Jurisdictions | United Kingdom, Ukraine Canada |
| Authorization | FCA with reference no 900916 FinTRAC-registered MSB |
| Related individuals | Serhii Zakharov (LinkedIn) Artem Trofymenko (LinkedIn) Oleg Pikarevskyi (LinkedIn) Matvii Mikhnevych (LinkedIn) Ivan Pronchenkov (LinkedIn) |
Short PayDo Narrative
The alliance will allow PayDo’s business clients to leverage enhanced European banking infrastructure, facilitating smoother entry into new markets and optimizing payment flows. By integrating directly with Fidor Bank’s systems, PayDo aims to minimise fraud and offer a more robust payment instrument for its growing user base.
Coinciding with this partnership, PayDo is launching its proprietary Non-Redirect E-Wallet, an innovation architected by CEO Serhii Zakharov. This solution directly addresses one of the most persistent pain points in e-commerce: cart abandonment. Unlike traditional checkout processes that redirect customers to third-party payment pages, PayDo’s e-wallet keeps users within the merchant’s website or app throughout the transaction.
“At PayDo, we started by solving a fundamental user experience problem,” said Serhii Zakharov, CEO and founder. “The disruptive redirect is a major point of failure in the sales funnel. Our non-redirect e-wallet is engineered to retain customers within the merchant’s branded flow, which we believe is crucial for improving conversion rates and building trust.”
Key benefits of the PayDo Non-Redirect E-Wallet include:
- Improved Conversion Rates: By eliminating disruptive redirects, the checkout process becomes seamless, reducing abandonment.
- Enhanced User Trust: Customers complete transactions in a familiar, secure environment.
- Streamlined Operations: Merchants gain a unified tool within PayDo’s growing ecosystem of services.
This dual announcement marks a significant step in PayDo’s evolution from a provider of multi-currency accounts and merchant services into an architect of a more cohesive payment ecosystem. The company, which already processes payments from over 170 countries via 350+ methods, is laying the groundwork to help online businesses manage their finances through fewer, more integrated partnerships.
About PayDo
PayDo provides internet banking for individuals and businesses, offering e-wallets, European IBANs, and merchant accounts. The company is focused on simplifying cross-border payments and financial operations for the digital economy.
About Fidor Bank
Fidor Bank is a pioneering digital bank headquartered in Munich, Germany. Founded in 2009, it is known for its community-driven approach and innovative digital banking solutions.
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