Swedbank renews Frame Agreement with Nets in Estonia


Swedbank has once again chosen to renew the framework agreement with Nets in Estonia.

The Swedbank and Nets Estonia partnership in Estonia goes way back to the forming of Nets Estonia in the early Nineties, where Swedbank was amongst the founding fathers. Ever since, the relationship and cooperation has been strong and combined we are driving the development of the card eco-system in the Baltic countries.

"In cooperation with Nets, Swedbank has delivered various card payment services to its customers in Estonia for many years. During that time we have together been developing the habit of using cards to be important and natural part of everyday life of our customers. With this also follows the responsibility to deliver high quality services through a reliable partner with experience and high service quality. This has become a critical success factor to enable new innovative services in future," says Head of Issuing Product Delivery, Tõnu Ots.

The renewed Frame Agreement between Swedbank and Nets continues existing business and makes it possible to grow mutual business together,  including new innovative services under the current structure.

"Swedbank is the largest bank in the Baltic countries and we are very excited about the renewed agreement; it lays a strong foundation for our continued expansion in the Baltic countries. Our mutual growth is and has always been key priority in this region, where Nets is now rolling out our strong value proposition within Mobile Payments, Wallets and Tokenization to the first customers already this year," says Head of Baltic region in Nets, Henrik Anker Jørgensen. 

For further information, please contact:
Henrik Anker Jørgensen, Head of Baltic Region, Nets A/S, +45 2948 2358, email: hajor@nets.eu
Raivo Tinn, Country senior executive, Nets Estonia AS +372 671 1423, email: Rtinn@nets.eu
Tõnu Ots, Head of Issuing Product Delivery, Swedbank Group Cards, +372 888 3850, email  tonu.ots@swedbank.ee

About Swedbank

Swedbank is a modern bank firmly rooted in Swedish savings bank history and Hansabank's important role in the Baltic countries in the 1990s. With 7.8 million private customers and more than 650 000 corporate and organisational customers in the Group, we are Sweden's largest bank in number of customers and have a leading position in our other home markets of Estonia, Latvia and Lithuania as well. The customers are served through more than 380 branches in our home markets. To support these businesses, Swedbanks is also established in the neighbouring markets of Finland, Norway and Denmark. In addition, Swedbank has operations in the US, China, Luxembourg and Spain.

Swedbank consists of four business areas: Swedish Banking, Baltic Banking, Digital Banking and  Large Corporates & Institutions which are supported by the Group Functions.


Swedbank shall maintain a robust balance sheet that can withstand economic fluctuations. Evaluating and managing risks is part of what we do every day. We spread risks by having a broad customer base of private individuals and companies in many different industries and through a sustainable balance between deposits and lending in our home markets.

Swedbank has a number of priorities tied to its long-term strategies:

  • Accessible full service bank
  • Offerings based on customer needs
  • High cost efficiency
  • Low risk

Swedbank promotes a sound and sustainable financial situation for the many households and businesses. Swedbank today have approximately 14 000 employees.

Find out more about us at: www.swedbank.com


About Nets
At Nets, we specialise in powering digital payments. We connect banks, businesses and consumers via an international network facilitating digital payments. Spanning across the Nordic and Baltic region, we provide a broad range of card services, account services, and payment solutions for merchants. Behind every service or solution we offer lies a simple promise: Great payments, great networks and great ideas provided by great people.
Find out more about us at: www.nets.eu