At LeuPay we believe that banking (and a world!) without borders is possible. And with our services, we not only make people’s lives easier, but we also drive the transformation towards a digital world in which money and ideas move freely across borders.
As a pioneer in the banking sector, we are always looking to partner with companies and institutions who believe in the “digital nation” and share our vision, which is why we’re happy to announce that we’ve recently teamed up with e-Residency, a government initiative from the Republic of Estonia.
The main goal of our collaboration is to provide Estonian e-Residents with a secure, simple and powerful alternative to online business banking. With our range of tailored business solutions, we make it easy for Estonian e-Residents to manage their international business finances and save on prohibitive setup and monthly fees.
With LeuPay, e-Residents of Estonia can open a payment account for their business and improve operational efficiency. The LeuPay business account empowers them to transact in various currencies and across borders, to receive payments from international partners and execute payouts at low rates.
Estonia is the first country in the world with its own digital residency programme powered by the government. E-Residency enables anyone to become an Estonian e-Resident and establishan EU business as if they were residents of Estonia, which is a member of the EU. The e-Residents don’t have to live in the country or be physically present when they apply for their Estonian digital ID card.
Unsurprisingly, the e-Residency programme has captured the interest of digital nomads, independent contractors and entrepreneurs who work in different countries and want to set up and run a European business, or plan to enter the European market. The virtual ID, the digital signature and the access to all e-services enable the e-Residents to transact across borders and reap the benefits of the single EU market, without struggling with cumbersome procedures.
As of June 2018, over 41,000 people from over 160 countries have applied for e-Residency – and more than 39,000 of them have already received their digital ID cards.
You can learn more about E-Residency here.