NETS - News, Articles & Research

Company announcement/payments

Estonia's Modularbank forms partnership with Nets

Modularbank, the Estonian-founded, next-generation core banking platform, enabling banks and any other companies to quickly roll out tailored financial services to their customers, today announced a strategic partnership with Nets Estonia, a well-established player in the card payment market in the Baltics and part of Nets Group, one of the top payment processors in Europe.

24 November 2020

Company announcement/payments

Contactless payments shoot up across Scandinavia

Contactless payments have taken a leap forward during 2020, in part driven by concerns around the potential spread of COVID-19.

18 November 2020

Company announcement/payments

Nexi and Nets agree framework for merger

Following the announcement made on 2 November 2020, Nexi, the PayTech leader in Italy, and Nets, a leading integrated Pan-European PayTech player, active in 20 countries and controlled by a consortium of private equity firms led by Hellman & Friedman (“H&F”), announce today that they have signed a framework agreement (“FA”) regarding the combination of the two groups through an all-share merger (the “Merger”).

16 November 2020

News/payments

Nexi and Nets enter exclusive negotiations on blockbuster merger

Italian payment processor Nexi is in exclusive talks on a merger with Nordic counterpart Next, creating an at-scale pan-European powerhouse.

02 November 2020

Company announcement/payments

Nets completes acquisition of Polskie ePłatności

The acquisition of the fast-growing Polish merchant acquirer PePNews Desk by Nets Group, one of Europe's leading payment providers, is now completed as the transaction has been approved by the relevant authorities.

27 October 2020

News/payments

Nets Group acquires Swiss terminal supplier CCV Schweiz

Nordic payments processor Nets is moving into the Swiss point-of-sale terminal market with the acquisition of CCV Schweiz.

23 October 2020

Finextra TV/payments

Responsible Innovation & Banking for Humanity

Paul Francis Walvik-Joynt, SVP Payments International, Nets, gives his View From Sibos on the industry's responsibility to meet the needs of those unbanked in society and the importance of education and developing future products in a world aiming for total digitalisation. We question the result of increasing digitisation on society, how we can utilise data ethically to avoid a Social Dilemma, and what payment providers should be striving towards for their customers.

05 October 2020

News/payments

EU approves Mastercard takeover of Nets' units, subject to concessions

The European Commission has approved the €2.85 billion take-over by Mastercard of key business units of Nets, subject to the transfer of a licence for the Nordic payment processor's account-to-account core infrastructure services to a rival brand.

18 August 2020

Company announcement/payments

Leading payment processors launch European Digital Payments Industry Alliance

Today, Ingenico Group, Nets, Nexi, and Worldline are announcing the launch of an EU advocacy alliance bringing together Europe’s leading independent payment services providers.

07 May 2020

Company announcement/payments

Pandemic accelerates contactless payment adoption in the Nordics

The first four months of 2020, during which the Nordics imposed strict Covid-19 social distancing measures, saw contactless payments in the region increase by an unprecedented 12 percentage points, according to transaction data from European payments industry leader, Nets, released today.

06 May 2020

News/regulation

EC sets sights on Mastercard's Nets deal

Mastercard's EUR2.85 billion acquisition of Nets' account-to-account payment business is being assessed by the European Commission on competition grounds after six countries raised concerns about the deal.

08 April 2020

News/payments

Nets buys Polish merchant acquirer PeP

Nordic payments giant Nets has agreed to buy Polskie ePłatności (PeP) in a deal valuing the Polish merchant acquirer at EUR405 million.

12 March 2020