Finaro, Ginger Payments partner to expand PSP services in the Nordics

By Gloria Methri

Global cross-border payments provider Finaro has partnered with Ginger Payments, the European payment powerhouse, to strengthen the latter’s Nordic expansion.

The Finaro-Ginger partnership will initially focus on the Nordic region, targeting financial institutions and FinTechs that are looking to launch merchant-aligned services like those of payment service providers (PSPs).

Achiya Fried, Chief Commercial Officer at Finaro said, “It is exciting to see our footprint in the Nordics grow, and we are delighted to be partnering with Ginger on growing even further. Finaro’s smart acquiring services, robust gateway platform, and exceptional track record in boosting transaction approval rates will elevate Ginger’s presence, enabling them to offer white-labeled transformational PSP services that will open access to new markets and opportunities for all parties involved.”

The partnership offers a complete ecosystem of PSP solutions, enabling merchants to accept card payments as well as APM transactions from customers while leveraging data analytics to fine-tune their customer insights and payment experiences.

Finaro’s simple payment solutions, which include POS transaction acquiring, strengthen Ginger Payment’s platform ability to deliver both bespoke and white-label payment services, including payment gateways, AML-compliant onboarding, plugins, s, reconciliation and settlement, and comprehensive reporting overviews.

Joachim de Boer, COO at Ginger, said, “From end to end, Ginger’s cloud-based API strengths and our full-stack eCommerce payment offering give clients the ability to build a new solution, replace their current solution completely, or add innovative new modules to their existing services. We also provide transaction approval optimization, and enhanced data insights to drive future growth. By combining forces with Finaro, we have created a dynamic collaboration, offering a complete one-stop-shop for payment components, covering every APM from Apple Pay to QR code.”

Ginger has been providing online payment solutions since 2014, enabling a solid clientele of banks and FinTechs to become PSPs and help their merchants accept payments. Together with Finaro, the payment provider plans to expand further across Europe, building on the combined SaaS-based payment functions and agile software development capabilities.