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March 24, 2021

Gerlionti taps Nets to develop new payment system

Luxembourg-based company Gerlionti has turned to Nets for the development of a new digital payment system called GerliPay.

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The move comes as Gerlionti is working to secure an Electronic Money Institution (EMI) licence under the GerliPay trademark.

Under the collaboration, Nets Estonia will offer a modular-based, feature-rich card management solution and processing services to Gerlionti.

GerliPay is designed as an online payment solution for start-ups, SMEs and large corporates. The offerings will include business payment cards and a multi-currency business account for managing payments.

The customers will also be able to make domestic SEPA payments in EUR and international SWIFT payments.

The platform is expected to become accessible to European markets from mid-2021.

Nets Estonia CEO Henrik Anker Jørgensen said: “We are excited to support Gerlionti Group on its ambitious European growth journey and look forward to collaborating on a new digital payment service together.

“The last year has seen adoption of digital payments surge across Europe and as cashless experiences increase, new services – such as those provided by GerliPay – can expect to see a rise in demand from businesses and consumers across the continent.”

Gerlionti board member Kristaps Bergs said: “It’s a great opportunity to partner with the leading payment card management service provider to handle all of our payment card transactions and associated risk management.

“This collaboration with Nets brings us a step closer to our goal of launching our GerliPay product for customers.”

Recently, Lithuania’s Cardinity partnered with Nets to expand international reach.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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