Nets Group and Nordea Bank extend their long-term partnership in Denmark and Finland

Nordea and Nets entered into a new agreement, further prolonging their long-term partnership, enabling the latter to provide payment services to the financial institution in Finland and Denmark.

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.

Commenting on the collaboration, Nets CEO of issuer and e-security services Torsten Hagen Jørgensen said, “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.”

Nets provides high engagement and modern, flexible payment solutions that enable banks to meet the demand for safe frictionless, digital banking experiences across Europe and the Nordics.

Recently, Poland-based payment institution Igoria Trade SA 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 in 2020.

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.