An Estonian company Pocopay is a new player in the financial market and certainly one to look out for. With headquarters in Estonia, they have a dedicated team of 50 people reinventing what everyday banking looks and feels like. They are delivering services to Europe, starting with Estonia, Finland, Netherlands and Spain.
Pocopay is a fully mobile bank, enabling its customers to open an account quickly and easily via their banking application. Moving forward, they will also be introducing new Contactless MasterCard payments together with Nets as one of the first issuers of this innovative service in the region. The first Pocopay contactless cards were made available to the general public in February, making this an exciting start of 2016.
At Nets we are continuously looking to embrace the next FinTech opportunity and we are excited to announce partnership between Nets Estonia and Pocopay, welcoming them on-board as our new and innovative Issuer of contactless cards in the Baltic region.
Indrek Neivelt, CEO of Pocopay comments on the opportunities ahead with this new contactless card agreement "Together with Nets, we have a mutual goal to improve the market because this solution has been elsewhere for quite a while now. It's about time we bring the contactless payments here also."
In addition, Nets will also be delivering our well established Fraud monitoring solution to ensure that all transactions are completed securely and efficiently. Now that contactless payments are available in the Baltic region, it will be interesting to see the uptake of this new payment method and how quickly the new technology is adopted by customers.
"Nets is very pleased to be a selected partner of such an innovative company like Pocopay, where the technology creates the opportunity to go beyond borders in a very fast pace and thereby differentiating itself from traditional banking. Nets is all about Powering Digital Payments, and with Pocopay, we show that the Next generation of digital payments is here, and the future will hold a lot of interesting services" says Henrik Anker Jørgensen, Head of Baltic region in Nets.