Financial literacy fintech PCKT Money chooses Nets for card processing

Financial literacy fintech PCKT Money chooses Nets for card processing
19.11.2019 10:23 am

Financial literacy fintech PCKT Money chooses Nets for card processing


European payments leader, Nets, today announces it is delivering issuer card processing and API services to The PCKT Money Corporation. The five year contract will enable PCKT Money Corporation to realise its growth ambitions in Europe.

PCKT Money helps children and adolescents to understand the value of money, and the meaning of spending, saving and investing, through an innovative app and debit card. The card comes in various designs to appeal to a young audience.  

The PCKT Money Corporation is a truly multinational fintech, with subsidiaries and offices in Finland, Estonia and Armenia. Through its subsidiaries, PCKT Money also delivers a range of technology and consultancy services to corporate customers.

Nets is, among other services, delivering issuer processing and scheme connectivity to PCKT Money based on Nets’ REST API connectivity. Through this effective API solution, combined with 24/7 cardholder support services and high uptime, PCKT Money can deliver world class service to its customers. The agreement also includes a provision for expanding the services delivered during the five-year period.

Jaakko Rytsölä, CEO of PCKT Money Plc, says: “We are happy to be working with one of Europe’s leading payment service providers. The switch from our former processor took less time than expected, and connecting to Nets’ API setup turned out to be a real time saver. We would like to thank the Nets team for their commitment and professionalism.”

Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region at Nets, adds: “We are delighted to welcome PCKT Money Corporation as a customer. We have intensified our focus on supporting fintechs, especially in the Baltic region. This, combined with Nets’ state-of-the-art API services, has grabbed the attention of fresh new players in the payment industry. We are excited to explore new opportunities with these companies while continuing to serve our traditional banking customers.”

Nets’ implementation support enabled PCKT Money corporation’s payment processing conversion to move rapidly, and the solution is already live.

Related News

The future of money is being rewritten in Asia

Disruptions that began with technological and business model innovations in other places are expressed in new ways in Asia. In banking, payments and retail, Asia is... Read more »

FPL Technologies ties up with Visa to launch mobile-first credit card for millennials

FPL Technologies, a fintech startup focused on re-imagining credit and payments in India today announced its partnership with Visa to launch a mobile-first credit card in India... Read more »

Visa and MFS Africa Bring Digital Payments to More Consumers and Businesses across Africa

Visa (NYSE: V) and the pan-African fintech leader MFS Africa today announced a partnership that will help bridge the gap... Read more »

Ingenico reveals: How European merchants performed during the week-long Black Friday sales

Ingenico Group, the global leader in seamless payment, saw a significant increase in online transactions throughout... Read more »

Flywire and iSAMS Integrate to Provide Seamless Cross-Border Tuition Payments

Flywire, a provider of vertical payment and receivables solutions for businesses and institutions, today announced a new... Read more »

FSS and AFS Partner to Promote Digital Payments in the Middle East

FSS (Financial Software and Systems), a global payments products and solutions provider and payment processor, and Arab Financial Services (AFS), the leading payment solutions... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel