Paynt, a Lithuania-based payment technology company, has announced the acquisition of Canadian firm E-xact Transactions, marking a significant step in its strategic expansion across North America.

Paynt currently operates across the European Economic Area and the United Kingdom, with regional offices in the UK, Ireland, the Baltic States and the US.

The acquisition of E-xact, which processes more than CAD 3.5 billion annually across over 50 million transactions, will establish a new operational base in Vancouver, Canada.

To support this expansion, Paynt has appointed payments industry veteran JohnPaul Golino to its board of directors.

Golino will oversee the integration of E-xact into Paynt’s platform and lead the company’s go to market activities in the region.

“With a new established presence in Connecticut and Vancouver, we are entering a new chapter in building Paynt’s North American footprint and reinforcing our global leadership in payment solutions,”

said Sam Kohli, founder and Group CEO of Paynt.

Founded more than 25 years ago, E-xact Transactions provides rapid and secure payment processing, with transaction times under one second.

Its platform supports major e-commerce providers including Shopify, Magento and WooCommerce.

Paynt is also considering further acquisition opportunities in the US, with plans to conclude another transaction by the end of 2025.

Featured image credit: Edited by Fintech News America, based on image by TravelScape via Freepik

This article first appeared on Fintech News Baltic