SH Payments gears up for growth with new CEO

Tier one banking services provider SH Payments has appointed Justinas Basalykas as CEO and made four new hires to its leadership team as it prepares for the next stage of its growth. 

Basalykas, who joins SH Payments having spent nearly 20 years working as a finance professional in Lithuania, previously founded TaxLink Lithuania and has worked at Ernst & Young Baltic. 

SH Payments, which is a subsidiary of Stanhope Financial Group, said that Basalykas’ insight into the market working with regional and global MMEs “places him perfectly in understanding client needs and providing solutions as a trusted advisor”. 

The four new senior team members appointed by SH Payments are Aura Seselgyte, who joins as operational manager and Renata Eidukaityte, who has been hired as compliance analyst.  

Justas Cerniauskus will join in a business development role, and Kestutis Dascioras has been appointed to the role of product manager. 

Khalid Talukder, managing director of Stanhope Financial Group, said: “We are thrilled to welcome Justinas on board, it delivers on our commitment to sourcing talent locally and he will work closely with the group board in delivering the group strategy.  

“We are also excited to welcome the plethora of new senior hires who will help accelerate SH Payments into the next stage of its growth – allowing us to support SMEs and MMEs who require guidance during this difficult period and beyond.” 

In December 2020, SH Payments received its Electronic Money Institution license. 

Basalykas added: “As much of Europe begins to ‘re-boot’ itself commercially, many businesses will still struggle to gain a foothold in uncertain markets and will find it difficult to navigate challenging economic conditions and the difficult geo-political intricacies associated with travel, export and foreign exchange. 

“This is where SH Payments comes in, to help SMEs and MMEs navigate the financial services landscape and empower them with expertise and guidance, offering not only agile financial services such as e-wallets, but also by connecting them with world-leading banking and financial services which otherwise wouldn’t be available to them, enabling smooth and effective payments processes.”