Finaro, Mastercard, Northmill & NMI bring Cloud Commerce to Europe

By Gloria Methri

Finaro has announced its European Cloud Commerce deployment with payments technology company Mastercard, Nordic neobank Northmill, and commerce enablement tech firm, NMI. The partnership will bring Mastercard’s Cloud Commerce solution to SME merchants across three Nordic markets – Sweden, Norway, and Finland.

Cloud Commerce represents contactless payments combining Tap on Phone, Pay by Link, and Click to Pay technology, which makes it easier for businesses to accept payments. Merchants of any size can accept payments from any contactless-enabled form of payment – phone, card, or wearables.

Finaro, will provide payment processing and acquiring services to enable the Cloud Commerce solution, for merchants who want to accept Tap on Phone payments on their NFC-enabled devices. Northmill’s merchants use NFC-enabled Android smartphones, as secure point-of-sale devices accepting contactless electronic payments.

Achiya Fried, Chief Commercial and Strategy Officer for Finaro, said, “Finaro is delighted to join this deployment with Mastercard, NMI, and Northmill, bringing the cutting-edge capabilities of Tap on Phone payments to Nordic merchants. With these next-generation acceptance capabilities, merchants can literally accept contactless transactions whenever and wherever they wish.”

Tord Topsholm, CEO at Northmill added, “We are thrilled to be partnering with Finaro, Mastercard, and NMI to bring the benefits of Cloud Commerce to small and medium-sized merchants across the Nordics. This is a game-changer for businesses that want to provide a seamless, secure, and convenient payment experience to customers and also makes it easier for merchants to accept contactless payments.”

Davide Messina, Senior Vice President of Merchant Solutions, Europe at Mastercard said, “The Cloud powers our work to make every device a way to pay and be paid. It gives our customers more flexibility, plugging into services more quickly and with less hardware. We are pleased to be working with Finaro, NMI, and Northmill on this launch to bring secure cloud Tap on Phone payments to the European region.