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July 1, 2019updated 28 Feb 2022 7:35am

Nets to launch instant payments platform in Hungary

Danish payments firm Nets has teamed up with GIRO Zrt to offer an instant payments platform in Hungary.

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The RealTime24/7 platform is now available for banks in Hungary, which can test its services.

“The delivery of the platform is the outcome of a close and successful partnership between the parties which means that the instant payments platform is delivered on time in accordance with the originally agreed milestone plan,” Nets stated.

The launch of RealTime24/7 in Hungary marks the fourth deployment of the platform.

The platform is already live in Denmark, Italy and Slovenia.

It will also be made available in Norway soon.

Commenting on the development, Nets SVP Torben Hohlmann said: “We are happy to say that we have delivered on time in a very fruitful cooperation with GIRO Zrt.”

The development comes shortly after has Nets’ partnership expansion with Norwegian payment app Vipps for the processing of BankAxept transactions.

BankAxept is the national payment system of Norway.

Earlier this year, Nets was in the news for its purchase of Polish online payment firms Dotpay/eCard.

Nets was recently also in the limelight for its merger with German payments firm Concardis Payment Group as well as strategic partnership with Polish payments firm Przelewy24.

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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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