Nets and Nordea extend partnership in Finland and Denmark
By Megha Bhattacharya
Nordea and Nets have entered into a new agreement, further prolonging their long-term partnership in Finland and Denmark for the provision of state-of-the-art payment services. Nets will continue to deliver card issuing, processing, fraud prevention and detection, dispute handling, digital solutions, and managed services, for Nordea’s card products, including Dankort in Denmark. The long-term agreement has already entered into force.
“We are pleased that the largest bank in the Nordics has decided to continue and further develop our mutual ambitions in providing engaging payment experiences across the full customer journey. Using Nets’ innovative and best-in-class processing services, we look forward to serving Nordea’s Nordic business for many years to come,” says Torsten Hagen Jørgensen, Chief Executive Officer of Issuer & eSecurity Services at Nets Group.
Recently, Poland-based payment institution Igoria Trade S.A. selected 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.
Meniga announced the expansion of its partnership with Nordea Sweden with the continuation of the integration of its cashback rewards platform within Nordea’s own mobile banking app. Nordea will continue to offer personalized cashback rewards, which are customised to individual spending profiles, to its customers in Sweden.
IBSi Daily News Analysis
December 05, 2023
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