Paysend, the global FinTech with 7 million customers, opened its new European Technology Center in Belgrade. The new technology hub will focus on software and product development, while embracing Serbia’s reputation as Europe’s next tech hotspot, with a growing community of established brands, venture capital firms and FinTech startups being drawn to the country to take advantage of its convenient location and domestically-grown, internationally acclaimed technology talent pool.
The technology sector has become a critical part of the social and economic fabric of Serbia and will be crucial to the country’s ongoing development and economic growth. Openness to innovation, willingness to adopt new ideas, and the prioritization of digital transformation have been foundational pillars for the current Government of the Republic of Serbia, who is taking an active role in building close relationships with the IT industry, start-ups and entrepreneurial companies in Serbia, as announce by Paysend.
The company announced that it will look to directly contribute to some of the innovative technology-focussed initiatives already underway across Serbia, including working with the National Bank of Serbia to test payment solutions and products in the banks payment regulatory sandbox, as well as joining the Digital Serbia Initiative, a non-profit that hosts events for students, helps to shape FinTech laws, as well as develop Serbia’s digital economy.
The information in this announcement does not represent legal advice and is provided for general informational purposes only.