Danske Bank and AltaPay to boost access to payment technology services

By Megha Bhattacharya

Danske Bank recently announced a partnership with payment solutions company, AltaPay. The collaboration will enable the Bank’s customers to gain access to payment technology and processing services. It will also help merchants to receive payment from their customers across Europe, both online and in-store.

“At AltaPay, we are proud to engage in such a relationship with Danske Bank. We believe in technological innovation, value-adding, data-driven processes and most of all, in providing the customer with the best payment solution – making payments less complicated for everyone. Our partnership with Danske Bank enables us to take our technology to new merchants and new markets, and thus to take less complicated payments to a higher level”, said Christian Rasmussen, Founder and CEO of AltaPay A/S.

Established in 2008, AltaPay offers a single connection for merchants to receive payments across e-commerce, in-store and mobile with many international payment schemes and alternative payment methods connected. It aims to simplify payments processing and help merchants expand internationally, consolidate service providers, add or merge sales channels, and implement omnichannel customer experiences.

“As Danske Bank’s merchant portfolio continues to grow, we see the benefits of giving our customers access to AltaPay’s payments technology. As two companies committed to innovation and the creation of customer-focused solutions, we are excited about the many advantages this partnership can offer our customers and are therefore extremely pleased to embark on this journey,” said Niels Bang-Hansen, Head of Business Banking, Denmark, Danske Bank.

The Bank also stated that it is now contacting about 600 customers in respect of whom manual errors have caused discrepancies between customers’ investment profiles and investment agreements.