Latvia’s Pace FS taps SaaScada to power European payments services

Latvia-based paytech Pace FS is plugging SaaScada’s cloud-native core banking platform into its stack to speed up payments product development across Europe. For high-risk PSPs, the interesting part is not the logo swap but the plumbing: domestic and cross-border payments, embedded finance, EMI issuance, card issuance, and the compliance hooks around AML, sanctions screening, and fraud.

1. Pace FS will integrate SaaScada’s engine into its platform to support domestic and cross-border payments, embedded finance services, and electronic money and card issuance. The partnership announcement says the setup is meant to help Pace FS launch new products and scale across Europe.
2. SaaScada says the integration will give Pace FS “instant payments and fast settlement cycles,” along with “immediate access to transaction data.” That combination matters for merchants and payment programs where treasury visibility and reconciliation speed are part of the selling point, not an afterthought.
3. The platform will also connect to AML, sanctions screening and fraud prevention solutions via API integrations. In practice, that is the part that decides whether a payments stack can keep moving when volumes rise and counterparties become more sensitive.
4. Pace FS was founded in 2024 and holds a Latvian electronic money institution (EMI) licence, obtained in June last year. The licence allows it to issue electronic money, make and accept payments, and offer a payment instrument.
5. As of March 2026, Pace FS was one of 10 EMI licensed companies operating in Latvia. The market is also being described as a favourable hub for crypto asset-focused firms, which makes any Latvia-based payments build worth watching for providers evaluating EMI-led expansion in Europe.

SaaScada’s partner list also includes UK-based The Payment Firm and Ireland’s Solance, so Pace FS is joining a fintech vendor stack that is already being positioned around European payment operations rather than a single domestic market.