back Back

Nets to boost fraud and dispute services for Lithuania-based Cardinity

By Megha Bhattacharya

March 18, 2021

  • Denmark
  • Nets Group
Share

netsLithuanian online payment service provider Cardinity today announced that it has selected Nets for providing international acquirer processing, and fraud and dispute services. Cardinity offers payment services to merchants across Europe and aims to leverage the collaboration with Nets to expand its international footprint.

Egidijus Andreika, CEO of Cardinity, said, “Nets is a leading European payment service provider with a broad suite of services and a scalable set-up. As such, they are the ideal partner to help us provide our growing European customer base with a stable and secure payment solution that enhances their digital experience.”

Formed in 2007 and headquartered in Vilnius, Cardinity is licensed as a payment institution regulated by the Central bank of Lithuania. The company aims to deliver a safe and cost-effective online payment solution for e-commerce businesses selling various products or providing services. They provide their services as payment gateway and acquirer in over 31 markets.

Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region, added, “We support a range of issuers, acquires and FinTechs across the Baltic region, most of them with European or even global growth ambitions. Our modular and flexible processing platform enables us to tailor our offer to meet the needs of individual customers like Cardinity, while also helping them benefit from our scale and international reach.”

Recently, Nets Group announced the completion of the sale of its account-to-account based services to Mastercard for €2.85 billion. The operations sold to Mastercard represented the majority of Nets’ Corporate Services division, comprising the clearing and instant payment services and e-billing solutions, including Betalingsservice in Denmark and AvtaleGiro/eFaktura in Norway.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article

March 18, 2021

Railsbank partners with Australian neobank Volt to expand its footprint

Read More
Next Article

March 18, 2021

FinTech start-up YAP raises $10 mn in Series B funding

Read More

IBSi Prime News

Week roundup

October 18, 2021

Denmark

The Monday Roundup: what we are watching this week

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Commercial Bank of Dubai and Infinios announce strategic partnership

Read More

October 18, 2021

3 core-banking softwares revolutionizing the banking industry in USA

Read More

October 18, 2021

Zip acquires Spotii to drive BNPL growth in the Middle East

Read More

Related Reports

Bank-wide
Sales League Table Report 2021

£1,500 / year

Know More
Market Reports
US Financial Services Technology Report 2021

£1,500 / year

Know More
Retail Banking
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Wholesale Banking
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More