, a global Open Banking platform providing technologies to power efficient payments and financial automation for online businesses, has partnered with聽Pats.lv, Latvia鈥檚 leading accounting and invoicing platform for self-employed professionals and small businesses.
The collaboration introduces instant invoice payments to more than 20,000 Pats.lv users, allowing their customers to make direct bank transfers through a single link or QR code, with immediate settlement.
Late payments remain a major challenge for Europe鈥檚 freelancers and SMBs, with聽聽of invoices paid late and one in five self-employed professionals facing cash-flow issues. Traditional payment methods add to the problem, with card fees reaching聽3.5 percent聽and bank transfers requiring manual input and reconciliation.
By embedding Noda鈥檚 pay-by-bank technology into invoices, the partnership enables Pats.lv 20,000+ users to send invoices that their customers pay with one click, improving payment speed and removing the need for card terminals or merchant accounts.
For Noda, the collaboration demonstrates how Open Banking can better support Europe鈥檚 fast-growing self-employment and micro-business sector. Noda鈥檚 pay-by-bank payments have lower fees than card networks, no chargeback risk, higher acceptance rates, and instant settlement. With Noda鈥檚 network of 2,000+ banks across 30 European countries, Pats.lv gains the infrastructure to expand beyond Latvia and integrate automated accounting workflows with a seamless, low-cost payment initiation system.
More from Finance
- Europe Has The Regulation But America Has The Capital, Is The EU Losing The AI Finance Race?
- No Relief Rally For Asia After Ceasefire As Investor Confidence Remains Cautious
- Investors Poured $300 Billion Into Startups In Q1 2026, And AI Claimed 80% Of It
- Airport Chaos Is Becoming A Fintech Problem: How Security Gridlock Is Triggering A Wave Of Payment Disputes
- AI Is Replacing Fintech Jobs Faster Than Anyone Predicted, Is This Just The Beginning?
- Experts Comment: Your Next Financial Adviser Might Be An AI, Should That Worry You?
- Are Stablecoins Quietly Becoming The Backbone Of Modern Finance Or Merely Supporting It?
- HSBC Just Hired Its First Ever Chief AI Officer. Every Other Bank Is Taking Notes
鈥淭ogether with聽Pats.lv聽and our licensed processing partners in the EU, we are transforming invoicing for thousands of entrepreneurs,鈥� said聽Lasma Kuhtarska, co-founder of Noda. 鈥淧ay-by-bank is emerging as a more secure and efficient payment method. Our users can reduce transaction fees by up to 3.5 percent, settle funds instantly, and avoid the 20 percent of cash-flow issues caused by late payments.
And thanks to this collaboration, all Pats.lv Premium subscribers now get access to pay-by-bank completely free of charge, making fast, low-cost payments available to even more small businesses. This integration demonstrates how Open Banking can remove friction from everyday workflows and support the growing self-employed and SMB sector across 30 European countries.鈥�
鈥淭his partnership brings unprecedented speed and simplicity to the way our users get paid,鈥� said executive board of聽Pats.lv. 鈥淚nstant invoice payments solve one of the biggest challenges for the self-employed: delayed and unpredictable cash flow. With Noda, freelancers and SMBs can invoice, receive payments, and reconcile income faster than ever. It also strengthens our expansion strategy by giving us access to a unified European payments network.鈥�
Micro and small businesses represent聽99 percent聽of all EU companies and employ nearly half of Europe鈥檚 workforce, highlighting the importance of efficient financial operations. As more professionals move into self-employment and flexible work models, and as digital tools lower the barrier to launching a business, the demand for fast, automated financial processes is rising sharply.
Yet late payments, high transaction fees, and slow settlement continue to strain cash flow. Noda addresses this gap by cutting payment costs, speeding up settlement, and giving SMBs and self-employed professionals the liquidity they increasingly depend on.
