Financial literacy fintech PCKT Money chooses Nets for card processing

Source: Nets

European payments leader, Nets, today announces it is delivering issuer card processing and API services to The PCKT Money Corporation.

The five year contract will enable PCKT Money Corporation to realise its growth ambitions in Europe.

PCKT Money helps children and adolescents to understand the value of money, and the meaning of spending, saving and investing, through an innovative app and debit card. The card comes in various designs to appeal to a young audience.

The PCKT Money Corporation is a truly multinational fintech, with subsidiaries and offices in Finland, Estonia and Armenia. Through its subsidiaries, PCKT Money also delivers a range of technology and consultancy services to corporate customers.

Nets is, among other services, delivering issuer processing and scheme connectivity to PCKT Money based on Nets’ REST API connectivity. Through this effective API solution, combined with 24/7 cardholder support services and high uptime, PCKT Money can deliver world class service to its customers. The agreement also includes a provision for expanding the services delivered during the five-year period.

Jaakko Rytsölä, CEO of PCKT Money Plc, says: “We are happy to be working with one of Europe’s leading payment service providers. The switch from our former processor took less time than expected, and connecting to Nets’ API setup turned out to be a real time saver. We would like to thank the Nets team for their commitment and professionalism.”

Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region at Nets, adds: “We are delighted to welcome PCKT Money Corporation as a customer. We have intensified our focus on supporting fintechs, especially in the Baltic region. This, combined with Nets’ state-of-the-art API services, has grabbed the attention of fresh new players in the payment industry. We are excited to explore new opportunities with these companies while continuing to serve our traditional banking customers.”

Nets’ implementation support enabled PCKT Money corporation’s payment processing conversion to move rapidly, and the solution is already live.

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