ONPEX, an online payment exchange, has signed a payment service provider agreement with Bank Frick, a Liechtenstein-based private bank and its payment unit, Summit Payment Services.
Under the partnership, Summit Payment Services will operate as part of ONPEX global acquiring network and will further boost its presence through access to the ONPEX customer base as well as expand to new international markets.
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Summit Payment Services offers secure online payment solutions and acquiring services to European merchants via Bank Frick.
ONPEX founder and CEO Christoph Tutsch said: "This relationship will offer ONPEX bridges to more markets with the opportunity to expand rapidly and efficiently."
Summit Payment Services managing director Olafur Vilhjalmsson said: "The white-label solutions offered by ONPEX give us the ability to power our payment services. With two strong companies working together, we will help each other gain access to new markets and merchants."
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