No Limits Global Real-Time Integrated Payments & Money Transfers

  • The use of the multiple pegged digital contract system as a transfer/payment carrier
  • A payment system based not only on virtual debit cards but also virtual POS’s both embedded in the application

competitive advantage

For retailers:

  • - Reduced inbound POS transaction costs (much lower in comparison to existing payment operators).
  • - Instant settlement (traditional operators transaction settlement varies from minimum one to seven days, while with FinAgility the transaction settlement is instant).
  • - Flexible and easy to adapt to each client ERP.
  • - End day supply of detailed analytics (The system is able to supply at the end of each day, data on sales, per cashier and per location plus customer data to detail purchase per various demographic groups).

For individuals and companies, other than retailers:

  • - Instant and cost free transfer and card payments.
  • - FOREX at mid market rates.
  • - No income threshold for private banking.
  • - No limits or high ceilings for withdrawals.

For banks:

  • - For the use of virtual card and virtual POS. While in absolute terms, fees charged to POS / card users remains the same, there is a growth in net income margins due to elimination of POS acquisition and dedicated secured communication lines related expenses.
  • - Instant interbank transfer.

For Central Banks and Governments:

  • - Poses no threat to national sovereignty (unlike other cryptocurrencies currently used as a transfer/payment carrier, the pegged digital contract is not a different currency but just a digitalized transfer tool for national/regional currency issued by the central banks in the countries of operations).
  • - 100% proof of claim for the pegged digital contracts (value of each pegged digital contract equals, at all times, the balance of the respective national/regional currencies in client accounts).
  • - Could be a good test for further decisions of regional / local central banks to issue the digital versions of their own currencies.

executive management team

Dragos
Stanescu

RICHARD
SHIRLEY

Sorin
Alexa

Alexandru
Neata

ROCHUS
SCHREIBER

FRANZ
JOSEF

Advisory Board

NASIB
PIRIYEV

ERNEST
LYLES
III

VLADIMIR
TADIC

NARAYAN
BAJAJ

News

Woodford Finance Announces ‘Lyned’ Breakthrough Payment Technology

Woodford Finance is proud to unveil Lyned technology, a groundbreaking advancement in the payment industry. Serving as a digital alternative to both SWIFT and traditional card networks like VISA and MASTERCARD, Lyned introduces the Multi-Pegged Digital Contract (PDC), a pioneering electronic money tool.

Lyned signed a Partnership Agreement with Cosmos Group

Lyned signed a Partnership Agreement with Cosmos Group, a leading business regional group in South East Asia, with roots in Bangladesh. The Partnership is meant to implement Lyned payment technology both at national level in Bangladesh and serve the numerous community of Bangladesh workers around the world to send safely, instantly and cost effective funds to their relatives at home. It is a first and important step made by the partnership between Lyned and Woodford Finance to implement Lyned technology in South East Asia.

Lyned Technology Begins Rollout with Banks On-Boarded in Europe and South Asia

London, UK – August 1, 2024 – Lyned, a pioneering digital payment processing technology, proudly announces the successful onboarding of two banking partners: TechVentures Bank of Romania and Laxmi Sunrise Bank of Nepal. This marks a significant milestone in Lyned's journey towards global adoption. TechVentures Bank of Romania and Laxmi Sunrise Bank of Nepal have executed Proof of Concept (PoC) Agreements with Lyned, signalling their commitment to integrating cutting-edge payment solutions into their operations. TechVentures Bank, a digital-first bank in Romania, has been a trailblazer in adopting a fully digital approach to banking. Since receiving approval from the National Bank of Romania in 2020, TechVentures has built a new core-banking infrastructure and its Romanian license allows it to operate across the European Union. Olimpiu Balas, majority shareholder at TechVentures Bank stated, “As part of our strategy to implement digital banking and digital channels, both in Europe and globally, the onboarding of Lyned technology is an important step forward in achieving our goals.” Laxmi Sunrise Bank, the third-largest bank in Nepal, boasts assets exceeding 385 billion Rs (2.2 billion GBP), 254 branches nationwide, and a workforce of over 3,000 employees. With a legacy of over 22 years, the bank is trusted by hundreds of thousands of clients for its personal, business, and institutional banking services. A spokesperson for the bank stated, “At Laxmi Sunrise Bank, we are dedicated to leading the charge in banking innovation. Our partnership with Lyned is a pivotal step towards providing our clients with instant, cost-effective remittance solutions, crucial for the Nepali economy and our global clientele.” Lyned offers a unique clearing and settlement ecosystem, serving as a digital alternative to booth SWIFT and national interbank clearing & settlement, on the one hand and traditional card networks like VISA and MasterCard, on the other hand, that allows cost-free, instantaneous operations. Dragos Stanescu, CEO of Lyned, remarked, “Lyned is redefining digital payments with our innovative, PSD2-compliant electronic money tool. We are thrilled to welcome our banking partners, who are embracing the future of instant, national and cross-border financial transactions.”