Sorainen has helped Estonian payment service provider Wallester obtain a license from the Estonian Financial Supervision and Resolution Authority to provide services cross-border in all EU and EEA states.
According to Sorainen, "Wallester has a unique business model, being a licensed white-label VISA Card issuer and payment provider specializing in offering transaction processing services in an 'all-in-one' model. Wallester, as the gateway to the world of VISA Cards to its clients, also has an innovative ecosystem that offers payment solutions, requisite compliance maintenance, and infrastructure support."
Wallester received its cross-border license in April 2021.
Sorainen's team was led by Senior Associate Monika Tomberg and included Counsel Jane Eespold and Associate Kamilla Alma Vilderson.