Finalist in Best B2B/B2C Payments category underlines commitment to innovation

London, 10th July 2024 - With a clear focus on customers with an entrepreneurial mindset, LHV Bank has built products and services that are simple and transparent, underpinned by market-leading tech and excellent customer service. Its commitment to innovation has been acknowledged as it is announced a finalist in the Best B2B/B2C Payments category of the prestigious Pay360 Awards.

Servicing over 200 Financial Institutions with a range of unique solutions, LHV Bank secured a UK Bank licence in 2023 in order to more seamlessly serve its UK and EU customer base with UK services. Having secured the licenced in record time, it is still the only Banking Services provider with full EU and UK Bank licences and direct participation in all the major GBP and EUR payment schemes: FPS, Bacs, SEPA Inst, Tips, SCT, SEPA DD, Target2. This enables LHV to offer its fintech customer base the widest feature set in GBP and EUR payments, enabling them to grow at scale and offer the best-in-class end-customer experience.

Erki Kilu, CEO of LHV Bank said: “Being shortlisted in the prestigious Pay 360 Awards is an important landmark for LHV Bank. Our cloud-based banking infrastructure underpins our services, enabling our clients to serve over 10 million end customers with unique account numbers and to process approximately 6% of SEPA Inst payment count overall across the payment scheme in 2023. Our continued goal is to create products and services that are simple and transparent, underpinned by market-leading tech and delivered by people who are well supported personally and professionally and therefore motivated to bring a fresh approach to banking.”

The PAY360 Awards celebrates innovation and collaboration by recognising companies that have made significant advances in how people and businesses pay today. Now in its 17th year, The PAY360 Awards is the most prestigious event of the year for the UK payments industry, attended by over 950 of the most senior executives from across the payments value chain. Winners will be announced on 4th October at the Grosvenor House Hotel, London.