In 2020, the revenue of the Penki Kontinentai Group, which operates in the field of banking technologies, retail, payment solutions, fiber-optic Internet, IT, and outsourcing services, amounted to 62.5 million euros. (more…)

Payment cards, electronic payments, and online services have become a reality not only in financial but also in social, utilities, and other spheres. Many countries strive for a new reality in which there are no coins or bills. Swedish churches already accept donations electronically, and China has more than five bankcards per person. Various factors affect the speed of the cash refusal: the emergence of new convenient and safe solutions, the development of innovative technologies, and even such extraordinary circumstances as the COVID-19 pandemic. (more…)

Digital banks and fintech have transformed the traditional way of payments. Banks must ensure clients’ digital onboarding experience to gain a competitive edge. The share of online transactions (including mobile applications) in 2019 increased to 50-80%. Statistics confirm that digital banking is quickly becoming mainstream. (more…)

ASHBURN International integrated the POS network management and transaction routing solution TransLink.iQ with Oracle Hospitality OPERA and Oracle Hospitality Suite8 hotel management systems. The project was implemented in cooperation with HRS Hospitality & Retail Systems. (more…)

ASHBURN International, a company specializing in the development, implementation, and support of software for POS terminal network management and transaction routing, has signed a cooperation agreement with SEB Bank. The subject of the contract is the supply, ongoing maintenance, and the implementation of software for managing the POS terminals network of this credit institution in all Baltic countries. (more…)

ASHBURN International was established on July 20, 1998. Since 2003 it has been part of the Penki Kontinentai Group. (more…)

ASHBURN International, a developer and supplier of flexible innovative solutions for acquiring organizations, carried out the integration of Uzcard and Mir payment systems. From now on, residents can pay with cards of the Russian payment system in Uzbekistan. (more…)

The Azerbaijani state-owned bank Azer Turk Bank has purchased a TransLink.iQ solution for EFTPOS networks monitoring and managing, developed by ASHBURN International. (more…)

Penki Kontinentai expresses gratitude to all socially responsible citizens, volunteers, and business representatives, who help physicians, the elderly and other vulnerable groups during the COVID-19 coronavirus pandemic. The Group of companies, in turn, allocated 50 thousand euros to support public organizations in Lithuania. (more…)

The software solution for monitoring and managing EFTPOS-terminal networks „TransLink.iQ“ will be the subject of a new study by Takhmasib Dadashev. Associate Professor of the Moscow Institute of Physics and Technology (Russia), author of scientific articles and books, visited the Penki Kontinentai Group to study in detail the integrated system developed by ASHBURN International. (more…)

Ingenico, the world leader in payment terminal manufacturing, has invited its partners to the PayTech Summit in Barcelona, dedicated to the 40th anniversary of the company. Over the years, Ingenico has gained worldwide recognition and has become a trendsetter in the fast-growing payment market. (more…)

In restaurants of Georgia, where EFTPOS-terminals of one of the largest banks are installed, the possibility of cashless tips appeared. To provide such a service, ASHBURN International has expanded the functionality of the TransLink.iQ  system integrated into payment devices. (more…)