SEB renews Framework Agreement with Nets in Estonia

Press release 01-10-2014

​SEB has chosen to renew the Framework Agreement with Nets in Estonia. The new Framework Agreement between SEB and Nets makes it easier to include new innovative services as well as entering into new services in the other Baltic countries under the current structure.

SEB and Nets Estonia have since 1997 had a partnership in Estonia. When SEB together with 2 other Estonian banks sold the Estonian Processing company PKK to Nets in 2008, the partnership was continued with SEB as a major customer of Nets and will now continue under a new Framework Agreement.

The new Framework Agreement between SEB and Nets makes it easier to include new innovative services as well as entering into new services in the other Baltic countries under the current structure.

"The agreement with SEB is very important for Nets, as SEB is a Major customer of Nets, and it builds confidence that even with our efforts in securing our Baltic expansion strategy, we are still very focused on servicing our long lasting existing customer base, doing our utmost to grow with them.", says Head of Baltic region in Nets Henrik Anker Jørgensen.

"The agreement includes issuer and acquirer processing, mobile payments and other value added services in Estonia, with possibility to extend the services to new Baltic markets with new innovative solutions in the future. We look forward to continuing our good and close cooperation with SEB says" Country Senior Executive in Nets Estonia Raivo Tinn.

 

 

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