back Back

Bigbank selects Nets for digital services and mobile payment capabilities

By Joy Dumasia

July 02, 2021

  • Bigbank
  • Bulgaria
Share

Nets Group completes PeP takeover in PolandBigbank, an international Estonian-owned bank offering personalised financial products, has chosen European payment services provider Nets to provide issuer processing and digital services, including virtual cards and mobile payment capabilities.

As a licensed credit institution, Bigbank delivers financial services to European private and corporate customers, focusing on loans, corporate loans, and term deposits in Estonia, Latvia, Lithuania, Finland, Sweden, and Bulgaria. The bank also provides cross-border deposit services in Germany, the Netherlands and Austria, and the partnership will further extend Nets’ footprint across Europe.

Nets will support Bigbank’s core offering by delivering issuer processing and innovative digital services through its strong modular-based platform. This will include tokenisation, with access to Apple Pay and Google Pay, and instant issuing with virtual cards and digital PIN. Nets will also provide Bigbank with state-of-the-art card personalisation, customer services, and fraud and dispute services.

Martin Länts, CEO of Bigbank, said: “As a frontrunner in the European payment service industry, Nets will help enable our customers to improve their lives through seamless financial services. The benefits of scale and international reach that Nets provides will be invaluable as we grow our digital services offering across Europe.”

Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region in Nets, says: “We are very much looking forward to providing Bigbank with our modular and flexible processing platform, helping them in their journey to become the digital financial service provider of choice in their European markets.”

Recently, IBS Intelligence reported that Poland-based payment institution Igoria Trade S.A. had chosen payment services provider Nets Group to deliver its risk management solution, enhancing security for business and individual cardholders. The partnership further expands Nets’ growing presence in Poland, following the Group’s acquisition of local payment services provider Polskie ePłatności (PeP) in 2020.

Previous Article

July 02, 2021

Xendoo partners with Gusto to create Xendoo Payroll

Read More
Next Article

July 02, 2021

Langley Federal Credit Union and Virginia Beach Schools Federal Credit Union announce merger

Read More








IBSi Daily News Analysis

bahrain, islamic finance

April 17, 2024

Bigbank

Sovereign upgrades elevate Sukuk ratings; GCC debt markets on track to break $1tn barrier

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

NatWest partners with StoneX to enhance cross-border FX service

Read More

Today

Aurora Payments launches ARISE, a one-stop payment platform for SMBs

Read More

Today

URBN and Stripe to power online and in-person retail payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023