Belarusian Economic Research and Outreach Center

Belarus Fintech Map 1.3 was launched

The updated version of Fintech Map Belarus was published at the end of April.

For past six months the main trends of the Belarusian Fintech market had not undergone major changes. At the same time there was necessary to add information about some existing companies / projects and include new fintechs.

The sphere of payment services is still the most popular. Among new projects we can identify the following:

  • BERLIO - system of cashless payments by electronic money;
  • O-plati.by - system of transfers and payments by QR code;
  • GarminPay and ApplePay - payment services;
  • E100 card - special fuel card for freight carriers.

The second popular area on the Belarus Fintech Map includes investment online platforms and crypto exchanges. An interesting project in the area is the launch of online investment platform - Finstore. The number of fintech developers has increased , including such companies as Armada Labs, PST labs, and Qulix. There are also some new projects in the spheres of scoring and debt Settlement as well as in online accounting.

An interesting product in the field of gamification of finance was launched by Belgazprombank. The gaming banking application, Cashalot Catch, integrates payment transactions and the mobile game into a single process. Finally, financial portal - myfin.by was added to Map as a marketplace of financial products.