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DNB and Nets Group announce the renewal of the partnership

By Joy Dumasia

March 21, 2022

  • DNB
  • DNB Bank
  • Europe
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Nets Group extends the framework agreement with DNB, Norway’s largest bank, thereby prolonging the existing partnership. This includes several key deliveries of payment services, information technology, and other financial services. 

Knut Peder Abrahamsen, Executive Vice President of Payments, Open Banking & Identity at DNB, said: “Payments and technological developments are set to evolve at a rapid pace. Our renewed agreement reaffirms our longstanding partnership with Nets.” 

Torsten Hagen Jørgensen, Chief Executive Officer of Issuer & eSecurity Services at Nets Group, said: “In Norway, one of the most digitised regions in Europe, we have extensive experience in issuing and indeed in growing the entire payment value chain. Extending our partnership with DNB strengthens our position as the leading enabler of Norway’s payment infrastructure. We will continue to help drive DNB’s ambitious digitisation and growth strategy, ensuring that Norway remains at the forefront of payment innovation.”

DNB is Norway’s largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers.

IBS Intelligence reported that Nordhealth, a leading provider of cloud-based Practice Management Software for veterinarians and therapists, has signed an agreement with one of the leading European payment providers, Nets, to provide seamless in-clinic and online payments processing and card tokenisation services. This partnership will enable Nordhealth to more easily scale its business, supporting its future European expansion ambitions.

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