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Nets wins Best Consumer Payments Initiative Award at PayTech Awards 2020


​Nets Universal Lending Platform recognised as top solution enabling financial institutions to deliver intuitive, digital-first financing experiences to customers.

Last night, Nets received top honours at the PayTech Awards 2020 digital ceremony, taking home the award for "Best Consumer Payments Initiative" with the Nets Universal Digital Lending Platform together with OpenWay. The awards are hosted by Fintech Futures and recognises the leaders and solutions who drive innovation in the payments industry worldwide.


The Nets Universal Digital Lending Platform was chosen by the judges as the most innovative and consumer focused payments initiative and is recognised for meeting the growing demand for digital-only and remote access financial products, supporting the customer in every point of their lending journey. The fully automated lending and crediting process makes it one of the most sophisticated lending solutions currently available.


"Our main goal is to make consumer financing as easy and intuitive for consumers as possible. This award recognition shows that we have succeeded," said Tuomas Nenonen, Head of Consumer Management Services, Nets.

"We are extremely proud to receive this award and recognition, and we will continue to innovate and enhance the end-to-end customer experience in payment and financing, supporting customers' needs for digital products."


The Nets Lending platform is an end-to-end solution available to any kind of financial institution – from banks and retailers to e-money institutions and startups – looking to provide consumers with intuitive, digital access to diverse financing options at any point of the customer journey. This provides the possibility to offer versatile consumer facing lending and financing products such as instalment payments at checkout, unsecured loans, and converting transactions as instalments.


To learn more about the program and see a full list of this year's winners, visit​