PaySaxas Secures EMI License and Appoints Dmitrii Barbasura as CEO, Ushering in a New Era of Growth

Helsinki, Finland, May 19, 2025 – Paysaxas Oy, the company behind the PaySaxas fintech brand, is pleased to announce two significant achievements: the successful acquisition of an Electronic Money Institution (EMI) license from the Finnish Financial Supervisory Authority (FIN-FSA) and the appointment of Dmitrii Barbasura as Chief Executive Officer. These milestones demonstrate the company’s dedication to transforming business access to financial services throughout Europe.

“I am thrilled to lead PaySaxas during this crucial period,” stated Dmitrii Barbasura, CEO of PaySaxas. “With our EMI license now secured, we are prepared to accelerate our expansion across Europe, improve our infrastructure, and enhance customer trust. PaySaxas is committed to innovation, compliance, and delivering an outstanding financial experience. I am excited to lead the company as we establish new benchmarks in the fintech sector.”

The EMI License from FIN-FSA allows Paysaxas Oy to issue electronic money and offer payment services within the European Economic Area, subject to EU passporting. This regulatory milestone solidifies the company’s position as a secure, compliant, and scalable operation. Being listed in the European Banking Authority’s central register further validates its credibility as it grows across Europe. PaySaxas’ commitment to upholding top-tier financial service standards, ensuring transparency, security, and compliance with European financial regulations, is highlighted by this regulatory recognition.

The EMI status is anticipated to drive PaySaxas’s growth by providing strong regulatory backing, boosting confidence among clients and partners. The license enables the company to expand its infrastructure, support increased transaction volumes, and maintain strict oversight and risk management. As a regulated EMI, PaySaxas is devoted to delivering seamless and forward-thinking financial solutions, including faster cross-border transactions, all under the supervision of a reputable European authority.

The appointment of Dmitrii Barbasura as CEO comes at a time of rapid growth for PaySaxas. With a wealth of experience in fintech and financial services, Barbasura’s leadership will play a crucial role in enhancing PaySaxas’ market position and service offerings to meet the evolving needs of businesses across Europe. His expertise aligns with the company’s mission of providing cutting-edge financial solutions while upholding the highest security and compliance standards.

With its new regulatory status, PaySaxas plans to introduce enhanced financial products and services tailored to help businesses manage payments more effectively. Leveraging its EMI license, the company aims to develop faster and more secure payment processing solutions, multi-currency support, and improved financial management tools for modern enterprises. PaySaxas is focused on forging strong partnerships with financial institutions, technology providers, and businesses seeking reliable payment infrastructure.

Under Barbasura’s leadership, PaySaxas is well-positioned to expand its reach and redefine financial infrastructure for businesses across Europe. These milestones underscore the company’s commitment to innovation, regulatory excellence, and customer-focused financial solutions. PaySaxas remains dedicated to continuous innovation to ensure its platform stays ahead in the evolving financial services industry.