About us · Applied Payments Technology GmbH

The intelligent payments layer for Europe.

BLiTZ Pay is the consumer payments offering of Applied Payments Technology GmbH, a payments infrastructure company based in Krefeld, Germany. It brings your accounts into one clear view and turns transactions into insights – and it powers QR-based account-to-account payments on SEPA Instant rails, with smart routing that sends every transaction down the optimal path.

Office building of Applied Payments Technology GmbH in Krefeld
Our office in Krefeld-Bockum, Germany

Who we are

Europe is building a new generation of payments – with Open Banking, SEPA Instant Payments and, in time, Wero. We build the layer above it: a rail-agnostic platform that makes this infrastructure usable in everyday life.

Applied Payments Technology GmbH (“APT”) is a payments technology company headquartered in Krefeld, Germany, and the European company of the international APT Group, which has locations in Europe, Asia and Africa. For more than two decades, APT’s founders and leadership team have designed, implemented and operated payment systems for banks, payment service providers and financial institutions worldwide.

BLiTZ Pay is APT’s consumer offering. Drawing on that infrastructure experience, APT is launching BLiTZ Pay to bring open, instant account-to-account payments and financial insights to everyday consumers and merchants across Europe.

Unlike many young FinTechs, our work is built not just on ideas, but on long-standing experience with real payments infrastructure and the complex requirements of regulated financial markets. That experience is the foundation BLiTZ Pay stands on today.

Pravega Payments Switch

APT’s enterprise platform for interbank payments: ISO 20022 compliant, proven in live operation and deployed internationally. This is our technological foundation – years of experience with the standards that European payments are built on.

BLiTZ Pay

The consumer offering APT is launching: financial insights across all your accounts, plus QR-based account-to-account payments with built-in financial intelligence for smart routing. It runs today on SEPA Instant rails, is rail-agnostic by design and ready for Wero as the network gains momentum.

Our story

European payments are going through one of the biggest transformations since the introduction of card payments.

With Open Banking and the legally mandated SEPA Instant rollout, Europe now has a modern, ubiquitous payments infrastructure for the first time. Wero is arriving as a further scheme. The rails exist – what's missing is the intelligent layer above them that makes them usable.

Yet while the technical infrastructure is being built, a simple, practical solution for in-store commerce is still missing in many places. Many merchants remain dependent on costly card terminals, high transaction fees and complex payment processes.

Our founders recognised this challenge early. After many years building international payment platforms, the vision emerged to connect the new European payments infrastructure directly with the needs of small and medium-sized businesses. From this idea, BLiTZ Pay was born.

Our mission is to make modern account-to-account payments as easy to use as traditional card payments – but faster, cheaper and without additional hardware.

Our mission

We give every merchant in Europe simple access to modern account-to-account payments. We pursue five central goals.

01

Lower payment costs for merchants

02

Immediate availability of incoming payments

03

Simpler payment processes

04

Advancing European payment innovation

05

Independence from expensive card infrastructure

We want to help build an open, competitive and future-proof European payments system.

The problem we solve

Digital payments remain expensive for many businesses – and small and medium-sized companies feel the burden directly in their margins.

What traditional card payments cost

  • High transaction fees
  • Terminal costs
  • Additional acquiring fees
  • Complex contract structures
  • Delayed settlement
  • Technical integration effort

What Europe is building at the same time

  • Open Banking
  • PSD2 and, in future, PSD3
  • SEPA Instant Payments
  • Wero
  • European Payments Initiative (EPI)

Despite these developments, most merchants still lack a simple way to use these innovations in everyday business. That is exactly where BLiTZ Pay comes in.

Our solution: BLiTZ Pay

A platform with built-in financial intelligence: financial insights make your money visible, the QR code is the experience layer, smart routing the intelligence layer that sends every payment down the optimal rail – by cost, speed and availability.

Built-in financial intelligence
Smart routing
Every transaction is routed automatically through the optimal rail – rail-agnostic, never dependent on any single network.
Financial insights
One clear view
All your accounts in one place, with spending categories, recurring-payment detection and savings ideas – shared only with your consent via PSD2.
SEPA Instant today, Wero tomorrow
Ready for every rail
Runs today on the legally mandated SEPA Instant infrastructure and is ready for Wero as the network gains momentum.
Up to 70 % lower costs
0.5–1.0 % per transaction
Real-time account-to-account settlement, no card terminal – significantly cheaper than traditional card payments.

Our payments expertise

We're not building just another payment app. We bring decades of experience building payment networks into a solution for European commerce.

Interbank payments

Clearing and settlement solutions for national and international payment networks – designed, implemented and run in live operation.

Real-time payment systems

Building and operating instant-payment platforms with 24/7 availability for banks and payment service providers.

ISO 20022 infrastructure

Implementation and certification of the modern messaging standard that European and global payments are built on.

Cards & payments (ISO 8583)

Deep expertise in card-based payment systems and the ISO 8583 standard for authorisation, clearing and settlement.

Hardware Security Modules (HSM)

Integration and operation of HSM infrastructure for PIN processing, key management and the cryptographic protection of transactions.

Mission-critical financial applications

High-availability systems where resilience, performance and data integrity must be guaranteed around the clock.

ATM & POS systems

Connecting, driving and operating ATM and point-of-sale networks, including terminal management.

Card management solutions

Card management systems covering issuance, lifecycle management, authorisation and dispute handling.

International deployments

Successful projects across Europe, Asia and Africa – including connectivity to Swiss Interbank Clearing (SIC) and the associated certification processes.

Open Banking platforms

API-based platforms for account information and payment initiation services under PSD2.

This experience allows us to understand payment products not only from the merchant's perspective, but also from the perspective of the underlying infrastructure.

The APT Group

Three locations, one international team of experienced payments and technology specialists.

South Africa · since 2013
Payment solutions
Development and operation of payment solutions for financial service providers and businesses.
India · since 2014
Technology
Software development, product development and technical innovation.
Germany · since 2024
Europe
Focus on Open Banking, Wero and the European expansion of BLiTZ Pay.

Our leadership team

More than two decades of experience in payments and financial technology.

CEO & Co-Founder

Renjith Palamattom

Serial entrepreneur and FinTech expert with more than 20 years of experience in payments and financial technology. His focus is on company building, product strategy and international payment solutions.

Bachelor of Engineering (Computer Science & Engineering)
Master in Management of Technology
CTO & Co-Founder

Nimin Renjith

Responsible for the group's technology strategy and the development of its platforms and products. His expertise spans software architecture, scalable platforms and modern payment technologies.

Bachelor of Engineering (Electronics & Communications Engineering)

Behind BLiTZ Pay stands an international team of more than 25 specialists from Germany, India and South Africa – working across payments, Open Banking, software development, product management, operations, compliance, quality assurance and customer support.

What unites us is the conviction that innovative technology must solve real problems and create measurable value for businesses.

Why now?

Several developments are fundamentally reshaping the European payments market – and BLiTZ Pay sits exactly at their intersection.

SEPA Instant is mandatory

Since 2025, instant transfers are legally required for all eurozone banks – a ubiquitous infrastructure we already run on today.

Intelligence beats hardware

Competition is shifting from terminals to software – smart routing and financial intelligence become the decisive added value.

Open Banking and PSD3

New regulatory frameworks are driving innovation and competition in payments.

Wero is gaining momentum

Wero is emerging as a Europe-wide alternative to international card schemes. Our rail-agnostic platform is ready to integrate it as it scales.

Backed by strong partners

These partnerships help us bring innovative payment solutions successfully to the European market.

Programme
Krefeld Incubator Program
Grant
NRW Start-up Stipendium
Banking partner
Volksbank Rhein-Ruhr eG

Our office

Short distances, clear thinking: regulatory, product and engineering sit at one table here – quite literally.

Meeting room with library
Meeting room
Ivy-covered office entrance
The entrance
Conference table
Conference room
Office room with desks
Office
Workspaces with a view of the greenery
Workspaces with a view of the greenery
Right in the green.
Krefeld-Bockum

By Sollbrüggenpark

The best ideas rarely happen at a desk. Our office sits right by Sollbrüggenpark – the lunchtime walk along the water is part of the routine.

Our home in Krefeld-Bockum is surrounded by green: Sollbrüggenpark, with its old trees and quiet waterways, begins right outside the door, and Schönwasserpark and the Krefeld Stadtwald are just minutes away. Walks in the park aren't the exception here – they're part of how we work, whether it's a one-on-one conversation, clearing your head between meetings, or simply lunch in the fresh air.

And after work? Just a stroll away in the Stadtwald sits the Stadtwaldhaus and its beer garden – regarded by many as the most beautiful beer garden in Germany. Summer evenings with the team under the chestnut trees are simply part of life here.

Getting here is just as easy: the nearest public transport stop is barely a minute's walk from the office – so arriving by bus or tram is every bit as convenient as coming by car.

Sollbrüggenpark in Krefeld
Stream in Sollbrüggenpark
Location
Krefeld, North Rhine-Westphalia
Focus
Payments infrastructure & Open Banking
Surroundings
Parks, Stadtwald & beer garden within strolling distance

Our vision

We believe in a future where digital payments are instant, affordable, open and intelligent – and where no single network decides how Europe pays.

A future where an intelligent, rail-agnostic layer routes every payment down the best available path – SEPA Instant today, Wero tomorrow, and whatever comes next. A future where banks, merchants and consumers all benefit from this open infrastructure.

With BLiTZ Pay, we are actively shaping that future.

Want to build with us?

Thesis project, internship or research collaboration – we look forward to meeting people who want to shape the payments of tomorrow.

Visit our careers page