Nets, part of Nexi Group, the European PayTech, is launching its new Npay terminal in Finland. The Npay terminal software comes out of the Nexi Digital Finland hub, which was established in February 2023 to drive technological innovation within Nexi Group.

The new terminal technology provides merchants with an easy and versatile solution for accepting payments in physical stores and facilitates payment acceptance through leading card schemes, such as Visa and Mastercard, and is prepared for use with local schemes.

"We are proud that Nexi Digital Finland is already introducing a product from the new Finnish digital hub, designed to drive technological innovation within Nexi Group,” said Matthew Kingsley Rowsell, Chief Product Officer, Merchant Solutions in Nexi.

"Thanks to our team of over 140 innovative developers located in Espoo, Finland, we have successfully designed the Npay terminal to benefit our merchant customers. We see a strong need for pan-European payment solutions like this, and are looking forward to seeing the solution adopted by merchants across Europe," said Ossi Korhonen, Director of Nexi Digital Finland.

Npay has been designed as a pan-European solution, to cater for the majority of merchants’ current and future needs. The solution aims to simplify payment acceptance for merchants and can be implemented on various payment terminal models, since the multi-platform design provides less dependency on specific vendors. Npay terminal distribution will start with SMEs in Finland and Sweden, followed by Nets Partners, and SMEs in Italy.

Suvi Ruoppa, Country General Director of Finland at Nets, part of Nexi Group, said: "The new Npay terminal is a testament to the strong expertise that we have within the Finnish payment technology space, as one of the most digitised societies in the world. We have specialised experience that allows us to continue driving forward the advancement of European payments for businesses and consumers alike. The Npay terminal confirms the ambition of Nexi Group to innovate solutions locally and distribute these technological innovations on a pan-European scale."

Payment solutions company Nets is part of the Nexi Group. The development of the company reflects the evolution of the payments industry in recent years, rapidly becoming more international as companies consolidate to attain further scale. Nets Group and Nexi Group merged in 2021 to form Europe's leading PayTech. Nets Group had already expanded into Finland in 2012 with the acquisition of Luottokunta.