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Finaro, a global cross-border payment provider and a fully-licenced bank, has partnered up with paytech firm MultiPay to offer a unified payment acceptance solution for merchants in the Nordics and UK.
With the new solution, both firms say they aim to “simplify the disjointed payments landscape” in the Nordic and UK regions.
Finaro will act as the acquirer for MultiPay’s payment terminals, and the new solution will look to boost in-store acceptance of international and local cards, as well as alternative payment methods including digital wallets. Additionally, as a payment service provider (PSP), MultiPay will be able to process transactions for e-commerce merchants.
Finaro also claims to provide a quick onboarding process, allowing payment facilitators and their sub-merchants to start accepting card payments in 24 to 48 hours, as opposed to standard timeframes of 10 to 15 weeks.
“Through this new partnership with Finaro, we are able to help merchants of every size across these regions drive growth by enabling quick and seamless transactions, no matter how their customers choose to pay,” says David Maisey, CEO of MultiPay Global Solutions.
Achiya Fried, chief commercial and strategy officer at Finaro, says the partnership expands the firm’s footprint in the Nordics and UK, creating a “better” payments infrastructure for merchants in these markets by “removing complexity”.
UK-based MultiPay says its terminals are “fully compliant” with PCI P2PE and PCI DSS L1 and accredited by all major banks.