NEWS

17.11.2021

New investor - WP2

We are pleased to announce that WP2 Investments has joined Verestro's shareholders. "We are looking forward to working with the new investor, and to the new business developme...nt initiatives that we will pursue together" - says Krzysztof Drzyzga, CEO of Verestro. expand

15.11.2021

Interview with our CEO

"Polish fintech quietly conquers the world" - an interview with our CEO, Krzysztof Drzyzga. Click - read here about the fi...ntech industry, the nearest future and the challenges.expand

07.10.2021

Verestro has become a shareholder of the sports-tech industry - Sportigio!

Sportigio provides software for sports clubs, leagues and federations. The mission of the Company is to increase the engagement of sports fans and to monetize and streamline the digital... activities of professional organizations. Through this partnership, Verestro will provide organizational support for Sportigio's growth, and Sportigio will use Verestro payment solutions in it's innovative projects.
 
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30.08.2021

NFC implementation in Thailand!

ShopeePay - it is a very popular e-wallet in Thailand. We are proud to provide the MDES solution to the client's app and wanna thank ShopeePay team for the successful cooperation!<...br />  expand

05.08.2021

eKYC with Verestro!

New cornerstone in Verestro! Our offer was extended by the eKYC solution! We give our clients a cyber-safe tool to identify their customers. First implementation available soo...n. expand

28.06.2021

Golden Arrow award for Verestro!

We are the winners… of Golden Arrow! The program “Bezcenne chwile” was awarded in the "loyalty program" category.
More info: Clic
...k.expand

31.05.2021

10 year anniversary of Verestro SA

10 years ago Verestro started as uPaid z o.o., had 5 employees and enabled remote pre-paid phone top-ups. The main point in the history of the company was the signing of a framework agr...eement with Mastercard, first for the Mastercard Mobile programme and then for Masterpass. Verestro successively developed services such as P2P transfers, loyalty programmes (e.g. Priceless Moments), QR payments and NFC HCE (Google Pay, Apple Pay, MDES). The most important moment iof the Company's development was the Mastercard investment in 2020. This allowed Verestro to hit the big blue. Today Verestro implements projects on 5 continents, opens another, the sixth foreign office, this time in Argentina. Currently the company is preparing to take the IPO, has expanded its offer with virtual card issuing with eKYC, and together with scientists from the Nicolaus Copernicus University in Toruń is conducting intensive research on QR remote payments.expand

02.12.2020

Announcement for shareholders: The fifth call for submit share documents to the company

In connection with the entry into force of the Polish Act amending the Polish Code of Commercial Companies and certain other acts of 30 August 2019 (Polish Journal of Laws of 2019, item... 1798), hereinafter referred to as the “Act”, Verestro Spółka Akcyjna (hereinafter referred to as the “Company”), informs shareholders about introducing the mandatory dematerialisation of shares of companies into the Polish legal system, which means replacing the paper form of shares with an electronic recording in the register of shareholders kept by the entity referred to in Art. 3281 § 2 of the Polish Commercial Companies Code, as amended by the Act.

In accordance with the introduced amendments, the validity of the applicable share documents issued by the Company will expire by virtue of law on 1 March 2021. After that date, the paper shares will not be a document confirming the status of a shareholder, but only a documentary evidence, necessary to update the electronic register of shareholders. However, after 1 March 2026, the protection of membership rights will be lost by shareholders whose share documents have not been submitted to a company and have not been entered in the electronic register of shareholders.

Due to the above amendments, the Management Board of the Company calls on all shareholders to submit their share documents no later than 31 December 2020 at the Company's headquarters: 10A Hłaski Street, 01-689 Warsaw, Poland, so that they can be transformed into an electronic recording. The submission of share documents in the Company takes place with a written confirmation issued to the shareholder.
 
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13.11.2020

Announcement for shareholders: The fourth call for submit share documents to the company

In connection with the entry into force of the Polish Act amending the Polish Code of Commercial Companies and certain other acts of 30 August 2019 (Polish Journal of Laws of 2019, item... 1798), hereinafter referred to as the “Act”, Verestro Spółka Akcyjna (hereinafter referred to as the “Company”), informs shareholders about introducing the mandatory dematerialisation of shares of companies into the Polish legal system, which means replacing the paper form of shares with an electronic recording in the register of shareholders kept by the entity referred to in Art. 3281 § 2 of the Polish Commercial Companies Code, as amended by the Act.

In accordance with the introduced amendments, the validity of the applicable share documents issued by the Company will expire by virtue of law on 1 March 2021. After that date, the paper shares will not be a document confirming the status of a shareholder, but only a documentary evidence, necessary to update the electronic register of shareholders. However, after 1 March 2026, the protection of membership rights will be lost by shareholders whose share documents have not been submitted to a company and have not been entered in the electronic register of shareholders.

Due to the above amendments, the Management Board of the Company calls on all shareholders to submit their share documents no later than 31 December 2020 at the Company's headquarters: 10A Hłaski Street, 01-689 Warsaw, Poland, so that they can be transformed into an electronic recording. The submission of share documents in the Company takes place with a written confirmation issued to the shareholder.
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28.10.2020

Announcement for shareholders: The third call for submit share documents to the company

In connection with the entry into force of the Polish Act amending the Polish Code of Commercial Companies and certain other acts of 30 August 2019 (Polish Journal of Laws of 2019, item... 1798), hereinafter referred to as the “Act”, Verestro Spółka Akcyjna (hereinafter referred to as the “Company”), informs shareholders about introducing the mandatory dematerialisation of shares of companies into the Polish legal system, which means replacing the paper form of shares with an electronic recording in the register of shareholders kept by the entity referred to in Art. 3281 § 2 of the Polish Commercial Companies Code, as amended by the Act.
In accordance with the introduced amendments, the validity of the applicable share documents issued by the Company will expire by virtue of law on 1 March 2021. After that date, the paper shares will not be a document confirming the status of a shareholder, but only a documentary evidence, necessary to update the electronic register of shareholders. However, after 1 March 2026, the protection of membership rights will be lost by shareholders whose share documents have not been submitted to a company and have not been entered in the electronic register of shareholders.
Due to the above amendments, the Management Board of the Company calls on all shareholders to submit their share documents no later than 31 December 2020 at the Company's headquarters: 10A Hłaski Street, 01-689 Warsaw, Poland, so that they can be transformed into an electronic recording. The submission of share documents in the Company takes place with a written confirmation issued to the shareholder.
 
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07.10.2020

Announcement for shareholders: The second call for submit share documents to the company

In connection with the entry into force of the Polish Act amending the Polish Code of Commercial Companies and certain other acts of 30 August 2019 (Polish Journal of Laws of 2019, item... 1798), hereinafter referred to as the “Act”, Verestro Spółka Akcyjna (hereinafter referred to as the “Company”), informs shareholders about introducing the mandatory dematerialisation of shares of companies into the Polish legal system, which means replacing the paper form of shares with an electronic recording in the register of shareholders kept by the entity referred to in Art. 3281 § 2 of the Polish Commercial Companies Code, as amended by the Act.

In accordance with the introduced amendments, the validity of the applicable share documents issued by the Company will expire by virtue of law on 1 March 2021. After that date, the paper shares will not be a document confirming the status of a shareholder, but only a documentary evidence, necessary to update the electronic register of shareholders. However, after 1 March 2026, the protection of membership rights will be lost by shareholders whose share documents have not been submitted to a company and have not been entered in the electronic register of shareholders.

Due to the above amendments, the Management Board of the Company calls on all shareholders to submit their share documents no later than 31 December 2020 at the Company's headquarters: 10A Hłaski Street, 01-689 Warsaw, Poland, so that they can be transformed into an electronic recording. The submission of share documents in the Company takes place with a written confirmation issued to the shareholder.
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22.09.2020

Announcement for shareholders:The first call for submit share documents to the company

In connection with the entry into force of the Polish Act amending the Polish Code of Commercial Companies and certain other acts of 30 August 2019 (Polish Journal of Laws of 2019, item... 1798), hereinafter referred to as the “Act”, Verestro Spółka Akcyjna (hereinafter referred to as the “Company”), informs shareholders about introducing the mandatory dematerialisation of shares of companies into the Polish legal system, which means replacing the paper form of shares with an electronic recording in the register of shareholders kept by the entity referred to in Art. 3281 § 2 of the Polish Commercial Companies Code, as amended by the Act.
In accordance with the introduced amendments, the validity of the applicable share documents issued by the Company will expire by virtue of law on 1 March 2021. After that date, the paper shares will not be a document confirming the status of a shareholder, but only a documentary evidence, necessary to update the electronic register of shareholders. However, after 1 March 2026, the protection of membership rights will be lost by shareholders whose share documents have not been submitted to a company and have not been entered in the electronic register of shareholders.
Due to the above amendments, the Management Board of the Company calls on all shareholders to submit their share documents no later than 31 December 2020 at the Company's headquarters: 10A Hłaski Street, 01-689 Warsaw, Poland, so that they can be transformed into an electronic recording. The submission of share documents in the Company takes place with a written confirmation issued to the shareholder.

 
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17.09.2020

Mastercard invests in fintech Verestro

Warsaw, 6th July 2020 – Mastercard announced its investment in the Polish fintech company Verestro SA (formerly uPaid LLC). The company, with headquarters in Warsaw and offices in Sofia..., New York and Sao Paulo, has been providing payment solutions to banks, merchants and payment providers on four continents for 10 years. Today’s news extends Mastercard’s support of the dynamic fintech industry and solutions that help customers optimize payments technologies.

Verestro specializes in the development, integration and management of APIs for banks and fintech partners, incl.: NFC, HCE, QR and person-to-person payments, loyalty solutions, virtual cards or card and expense management. The company’s solutions are already present in more than 20 markets, and 85% of its revenues are generated from activities in foreign markets, such as Central and Eastern Europe, The Balkans, The Middle East, USA and South-East Asia.

Mastercard has been cooperating with Verestro since 2011. Verestro is a longtime partner to Mastercard Engage program. In addition to the investment, Mastercard will also support the relationship through introductions and access to financial and retail partners around the world. This will help Verestro scale its operations on foreign markets much faster.
“Poland is an advanced market when it comes to the development of cashless payments. This makes our country an excellent candidate for the regional fintech hub, where promising payment companies develop, with the potential for international growth. At Mastercard, we strongly believe in this success, which is why we support companies such as Polish Payment Standard, operator of BLIK, or Verestro. In recent years I have had the opportunity to observe Verestro’s development up close. I am convinced that there are more spectacular business projects ahead of this venture. I am glad that we can contribute to its further, international growth" – says Bartosz Ciołkowski, General Manager for Poland, Czech Republic and Slovakia at Mastercard Europe.
“For us this is not only a great honor but also an accomplishment, for which we have worked hard for the last 5 years. We owe a lot to Mastercard: our first business project, world-class technology and global presence that allows us to establish partnerships being based in Sao Paulo, Warsaw and Singapore” – says Krzysztof Drzyzga, CEO of Verestro. “The recent renaming is a part of our company’s development. ‘Verestro’ (Epo: vere estro; ‘true leader’) comes from Esperanto, the world’s most widely spoken international auxiliary language, created by a Pole, Ludwik Zamenhof. This name fits perfectly with our thinking about the roots and the future of our company – we are a leader deriving from Poland that provides solutions working all over the world” – adds Drzyzga. 
“By investing in the then uPaid and getting personally involved in the company, I expected its international development and investment from a significant financial sector player. Now, we have a strong organic growth in 20 more countries around the world and we are planning IPOs in a foreign market within a year” – said Cezary Smorszczewski, investor and the head of Verestro’s supervisory board.
“Outside Europe, we are strongly committed to acquiring new customers in the USA, South America and South-East Asia. We have already started projects there and we have a very good reputation. All this makes us look into new locations for our operation; as we want to be closer to our clients and partners we are planning offices in Dubai and Singapore” – adds Tomasz Kupka, the Head of Sales at Verestro.
Mastercard is a partner of choice for fintechs and only in Poland the company has engaged in cooperation with such companies as BLIK, ZEN, Twisto, Aion, DiPocket or Trevica (currently Mastercard Payment Transaction Services). Mastercard is also one of the founders of The Heart, a business cooperation platform based in Warsaw, which helps startups establish partnerships with corporations. Within The Heart Ventures startups are built “from scratch”, in response to the demand of the big players. Within Accelerate platform, Mastercard gives fintechs the opportunity to obtain financing, use their product licenses or establish contacts with trusted technology partners.
 
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07.07.2020

uPaid starts rebranding

We are preparing for one of the biggest changes yet. Soon uPaid will be replaced by Verestro. Our new company name "Verestro "(Epo: vere estro; ‘true leader’) comes from Esperanto, the ...world’s most widely spoken international auxiliary language, created by a Pole, Ludwik Zamenhof. This name fits perfectly with our thinking about the roots and the future of our company – we are a leader deriving from Poland that provides solutions working all over the world.expand

Verestro

Providing innovative payment solutions since 2011

Providing innovative payment solutions since 2011

Experienced partner to banks, merchants, fin-techs, payment providers

Experienced partner to banks, merchants, fin-techs, payment providers

Closely cooperating with both Mastercard and Visa

Closely cooperating with both Mastercard and Visa

Platinum Status Digital Vendor to Mastercard Directory for Digital Vendors

Platinum Status Digital Vendor to Mastercard Directory for Digital Vendors

Present with projects on 22 markets and 5 continents

Present with projects on 22 markets and 5 continents

Hiring over 120 professionals with HQ in Warsaw, Poland and incorporated in New York, USA, Sao Paulo, Brasil and Sofia, Bulgaria

Hiring over 120 professionals with HQ in Warsaw, Poland and incorporated in New York, USA, Sao Paulo, Brasil and Sofia, Bulgaria

Providing local presence via multiple partnerships across the world

Providing local presence via multiple partnerships across the world

Processing platform with direct connection to Mastercard authorization and clearing network

Processing platform with direct connection to Mastercard authorization and clearing network

Payment Card Industry Data Security Standard Level 1 certification

Payment Card Industry Data Security Standard Level 1 certification

Realizations

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Contact

Verestro SA
Promienna 10
Warsaw, Poland
office@verestro.com
Sales and Business Development
sales@verestro.com