A new Nordic payment giant, NETS, has launched as a result of a merger between Norwegian Nordito, which is the parent company of BBS and Teller, and the holding company of the Danish company PBS.
The merger unites the three leading Nordic companies within payment cards, payment solutions and the exchange of payment information into one group. The objective for NETS is to become the leading northern European provider of payment, card and information solutions. The merger consolidates the new group’s position as the leading player in the Nordic market and is the ideal basis for creating further growth in the Nordic region, at first, and then in northern Europe.
Rune Fjeldstad, chief executive officer (CEO) at NETS, said: “We are proud to launch our new company, NETS. The Nordic region is our domestic market and our focus will also be on creating further growth in northern Europe. The fact that we have joined forces makes us an even more attractive and competitive provider and partner in the field of payment services.”
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