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PBS, BBS and Teller merge to create Nordic payments giant

09 September 2010  |  9959 views  |  0 credit card chip

Danish e-payments outfit PBS and Norwegian counterpart Nordito - owner of BBS and Teller - have completed the merging of their operations, creating a new group called Nets.

Headquartered in Copenhagen with offices in Oslo, Stockholm, Helsinki, Tallinn, Glostrup and Aarhus, the merged entity employees over 2200 staff.

Nets says it will initially focus on growing its business in the Nordic countries before expanding across Northern Europe to become the region's "leading" player in payments, cards and information exchange.

Rune Fjeldstad, CEO, Nets, says: "The Nordic region is our domestic market and our focus will also be on creating further growth in Northern Europe. The fact that we have joined forces makes us an even more attractive and competitive provider and partner in the field of payment services. International companies are looking for one supplier to handle all payments in the markets where they operate."

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