9/22/2023 0 Comments Download swish mastercard![]() ![]() Nets will continue to focus on merchant services and processing for financial institutions, and is determined to provide its merchants with a range of acceptance services, in-store and online, irrespective of the underlying rails. Mastercard, already a major interbank infrastructure player in cards, is well positioned to be a "rail-agnostic" network, given their recent acquisitions of Vocalink in the UK, and now the Nets unit. Swish is an example of such an overlay service, which itself has been built on top of Payments in Real Time, a real-time payments system launched by Bangirot, Sweden's payments clearing house. Yesterday, Nets, a large payments company in the Nordics, and Mastercard announced that "Mastercard has entered into agreement to acquire Nets' account-to-account (A2A) based services including clearing and instant payment services, and e-billing solutions for €2.85 billion." Yet just a month ago, Nets also announced a partnership with Swish to bring the popular A2A-based payments app to physical POS terminals in Sweden.Īren't the two announcements contradictory? No, not at all! It clearly demonstrates the distinction between two important layers in payments - the interbank clearing and settlement infrastructure, and the overlay services for consumers and merchants. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |