Shift4 has teamed up with Nordic and UK-based payment platform OneMoneyWay. The collaboration aims to provide a consolidated business banking and payments solution for small and medium-sized enterprise customers across Europe and the UK. OneMoneyWay will leverage Shift4’s acquiring services and payments infrastructure to expand its core product offering.

Specifically, OneMoneyWay will expand its SME offerings to provide customers with payments and acquiring capabilities in addition to its existing suite of leading SME financial services. These include bank accounts, corporate expense cards, Point of Sale terminals, and currency exchange services.

Offering merchants a truly end-to-end payments experience

“Partnering with Shift4 enables us to offer merchants the benefit of a truly end-to-end payments experience, underscoring our dedication to innovative banking excellence,” said Oliver Bentzen, CEO of OneMoneyWay.

“Such solutions are still scarce in Europe, especially in the Nordic regions. We look forward to enabling simplified financial operations and management for businesses in the region, and ultimately driving down their costs through consolidated banking and payment services.”

Acting as the sole acquiring partner, Shift4’s flexible acquiring services, large network of global ecosystem partners, and scalable solutions are helping OneMoneyWay in its mission to challenge traditional banking price structures.

Through this partnership, merchants can save resources by cutting their reliance on multiple PSPs and financial service vendors and benefit from a more streamlined, cost-effective, and convenient solution to manage their business finances.

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Ruben Nielsen, VP of Sales & Business Development at Shift4 Europe, added: “We are proud to partner with OneMoneyWay to meet the diverse needs of SME customers across Europe. For Shift4, this agreement not only serves as a seal of approval in a competitive market. It also enables us to further solidify our European market presence.  Through this partnership, we are bringing enhanced value to a rapidly growing group of merchants across Europe. We look forward to working with OneMoneyWay to provide SMEs competitive rates and greater access to quality business solutions that were previously unavailable to them.”