OP-Pohjola Group signs mPOS deal with Monitise

Wednesday 22 January 2014 00:09 CET | News

Finland-based financial services provider OP-Pohjola Group has signed a three-year deal with UK-based mobile financial technology company Monitise to provide multi-language mobile point-of-sale (mPOS) services for its small business and merchant customers.

OP-Pohjola Group comprises around 200 member cooperative banks, OP-Pohjola Group Central Cooperative and its subsidiaries and closely-related companies.

The service to be launched by OP-Pohjola Group and Monitise is set to enable the bank’s small business and merchant customers to take card payments and view recent transactions via mobile. OP-Pohjola Group merchant customers are also set to be able to generate digital tax credit receipts to reclaim up to half of the value of qualifying invoices as part of a government-backed scheme in Finland.

The service is set to be available initially across iOS and Android platforms and in Finnish, Swedish and English languages.

In recent news, Monitise has set up a five-year mobile money partnership with a UK bank and financial services company, and has extended its commercial contract with a financial institution.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: OP-Pohjola Group, Monitise, mPOS, Finland, mobile, point of sale, card payments, mobile payments
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events