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PCKT Money Plc, a Fintech teaching personal economics to kids, chooses Nets for card processing

 

​The PCKT Money corporation has signed a 5-year frame agreement with Nets. The agreement includes issuer card processing and API services, which enable PCKT Money corporations’ 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 combined with a Debit card. The card comes in various cool designs to appeal to the demanding young audience.  

 

 

 

The PCKT Money corporation is truly a multinational fintech, with subsidiaries and offices in Finland, Estonia and Yerevan, Armenia. Through their subsidiaries, PCKT Money also delivers different technology and consultancy services to corporate customers.

 

Nets will, among other services, deliver issuer processing and scheme connectivity to PCKT Money, based on Nets REST API connectivity. Through this effective API solution combined with 24/7 card holder support services and high uptime, PCKT Money is able to deliver world class service to their customers. The agreement also includes an option for expanding the services during the five year period.

 

"We are happy to start cooperating with one of the leading payment service providers in Europe. The switch from our former processor was done in less time than expected, while connecting to Nets' API setup turned out to be a real time saver. We also valued the commitment and professionalism of the team at Nets, says Jaakko Rytsölä, CEO of PCKT Money Plc.

 

"We are very happy to welcome PCKT Money corporation as our customer. We have intensified our focus on supporting the Fintech segment in Nets, especially in the Baltic region. This combined with Nets' state-of-the-art API services have grabbed the attention of fresh new players in the payment industry. We are excited to serve these Fintechs and explore new opportunities, at the same time naturally servicing our traditional banking customers", says Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region in Nets

 

The processor conversion with PCKT Money corporation to Nets has been delivered in such a rapid pace, that the solution is already live.

 

For further information, please contact:

Jaakko Rytsölä, CEO, T.:  +358 50 2295 Email: jaakko.rytsola@pckt.money

Søren Winge, Head of Press Relations, T.: +45 29 48 26 46, Email: swing@nets.eu

 

About PCKT Money corporation:

PCKT Money Plc is a registered payment service provider under the supervision of the Financial Supervisory Authority (FIN-FSA) and has its own Mastercard license. PCKT Money's subsidiaries Devolon Oy and Devolon Oü operate in Finland and Estonia and employ nearly 30 software industry professionals, representing 9 different nationalities. PCTK Money´s mission is to educate the next generation - today's children and youth - to be more responsible spenders and economists of their own lives

 

About Nets: 

At Nets, we see easier payment solutions as the foundation for growth and progress – both in commerce and society. The Nets Group, which employs 3,500 people, helps hundreds of financial institutions, and hundreds of thousands of businesses and merchants in Europe make tomorrow a little easier for their customers while delivering unrivalled security and stability. Powering a tomorrow that's easier than today. This is what drives us.