Lunar Way is a Danish fintech company founded in 2015 with the ambition of rethinking the banking experience. It offers basic banking services through an app that has been downloaded by more than 130,000 users.
Thomas Jul, Head of Financial and Network Services, Nets, comments: “We are very excited to be chosen as a partner by Lunar Way. It is not every day that you enter into collaboration with a brand-new bank - and especially the kind of bank that Lunar Way is developing. New and different solutions are needed, while ensuring stability and security to ensure a great user experience for all Lunar Way customers. This is an exciting task that we look forward to working on.”
The bank plans to export its recently acquired banking license to Sweden and Norway to deliver a better banking experience and its innovative products and services to its Swedish and Norwegian users too.
The partnership will ensure improved payment experiences for all Lunar Way private and business users in Sweden, Denmark and Norway. In addition, Nets will provide electronic signature services and assist with card fraud management.
Peter Smith, Head of Banking, Lunar Way, says: “Nets is a leader in the payments space, both in Denmark and abroad. Together, we will look at the development of new, innovative payment solutions that fit our users’ lifestyles and needs. We look forward to offering the users the stability that Nets is known for and utilising Nets’ expertise in fraud monitoring and prevention as we build our new bank.”