Payward announced an agreement to purchase Saldo Bank, a Lithuania‑based bank, which would give the crypto‑focused firm an existing licensed banking operation in Europe.
The acquisition is contingent on regulatory approval and is slated to close in 2027, according to the deal announcement.
Owning Saldo Bank would allow Payward to integrate cash accounts, cryptocurrency holdings and lending services within a single regulated entity, eliminating the need to rely on multiple third‑party providers.
A unified banking platform could streamline compliance, reduce operational friction and potentially lower costs for Payward’s retail and institutional customers.
The move signals Payward’s intent to deepen its foothold in the European market and may set a precedent for other crypto firms seeking similar regulatory integration.
This story was compiled by the Tradexus News Desk with the help of AI.
