19 April 2014

Finland's OP-Pohjola signs three-year mPOS deal with Monitise

22 January 2014  |  2440 views  |  0 Op Pohjola

Finland's OP-Pohjola Group has signed a three-year deal with Monitise to provide multi-language mobile Point of Sale (mPOS) services for its small business and merchant customers.

OP-Pohjola Group comprises around 200 member cooperative banks, and as a whole is the largest bank in Finland.

The new service will enable the bank's small business and merchant customers to take card payments and view recent transactions via mobile. Users will also be able to generate digital tax credit receipts to reclaim up to half of the value of qualifying invoices as part of a government-backed scheme in Finland.

The service will be available initially across iOS and Android platforms, and in Finnish, Swedish and English languages.

Monitise launched its white-label mPOS dongle in May last year, and signed the UK's Lloyds Banking Group as its first banking customer in June.

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