As Woli expands throughout Europe, Paynetics provides the speed and nimbleness required for expansion in a cutthroat industry. Through this partnership, Woli is guaranteed to comply with the strict Regulatory & Compliance framework, and Paynetics' strong and expandable financial infrastructure is utilized.

Beyond only business dealings, our collaboration fosters the growth of practical financial education in a time of widespread economic instability. Woli effortlessly integrates essential financial education into the user experience by utilizing Paynetics' adaptable financial framework. This helps the younger generation become financially literate and ready to navigate the intricacies of today's complex economic environment.

Woli's CEO and co-founder, Vasilis Zoupas, stated: "We are thrilled to be collaborating with Paynetics, a pioneer in embedded finance. We have a strong commitment to promoting financial literacy among young people, and this partnership has not only given us the means to meet the demands of rapidly developing products by offering a practical and adaptable platform, but also the chance to grow our business throughout Europe and the UK.

The co-founder of Paynetics UK, Ivo Gueorguiev, continued, saying, "We are thrilled to be working with Woli." Improving financial literacy in young people is more crucial than ever, as the population's financial literacy rates are startlingly low. Woli is doing well by switching to Paynetics since it still gives kids and teenagers the financial management tools they need. We are excited to collaborate with Woli since it helps parents teach their children financial responsibility.

Only a few months after the cooperation was announced, in October 2023, Woli successfully launched on Paynetics after receiving a license from the Bank of Lithuania to distribute e-money.