Payward to Acquire Lithuania's Saldo Bank for EU Expansion

• Payward agreed to buy Lithuania's Saldo Bank, which holds $190 million in assets.
• This acquisition secures an EU license for Payward to offer deposits and lending services.
• Co-CEO Arjun Sethi highlights customer demand for integrated services including cash, crypto, and credit.
• The purchase marks the first time a crypto firm has bought a bank in the EU.
• The deal will start with lending and card services, expanding into other financial products.