ONPEX, The Online Payment Exchange, has announced a new partnership with Bank Frick, a leading Liechtenstein private bank and their payment unit; Summit Payment Services.

Summit Payment Services provides secure online payment solutions and acquiring services to European merchants through Bank Frick. The main focus of the company is on general e-commerce in various sectors and geographical locations.

Now, having a Payment Service Provider Agreement signed and being part of the ONPEX Global Acquiring Network, Summit Payment Services will have the ability to further expand its reach through access to the ONPEX customer base and spreading to new international markets.

Speaking of the partnership Christoph Tutsch, Founder and CEO of ONPEX commented: “Summit Payment Services is an ambitious player in the payments world, constantly investing in new services to ensure the customer can enjoy the latest technology. This relationship will offer ONPEX bridges to more markets with the opportunity to expand rapidly and efficiently. We are proud to be working with Summit Payment Services.”

Olafur Vilhjalmsson, Managing Director of Summit Payment Services added: “The white-label solutions offered by ONPEX give us the ability to power our payment services. With two strong companies working together, we will help each other gain access to new markets and merchants. This will be a fruitful relationship.”