Danish neobank Lunar Way has chosen fellow Nordic fintech and payment service provider (PSP) Nets to supply its payment solutions.
Launched in 2015, Lunar Way focuses on its ambition of “rethinking the banking experience” and offers basic banking services via an application. The app has been downloaded by more than 130,000 users.
Thomas Jul, head of financial and network services, Nets, commented: “We are very excited to be chosen as a partner by Lunar Way.
“It is not every day that you enter into collaboration with a brand-new bank – and especially the kind of bank that Lunar Way is developing.
“New and different solutions are needed, while ensuring stability and security to ensure a great user experience for all Lunar Way customers. This is an exciting task that we look forward to working on.”
Partnering with Nets is expected to accelerate its progress as a challenger bank having recently acquired banking licenses in both Sweden and Norway.
In addition to payments services, Nets will also provide electronic signature services and assist with card fraud management.
Peter Smith, CEO, Lunar Way, added: “Nets is a leader in the payments space, both in Denmark and abroad.
“Together, we will look at the development of new, innovative payment solutions that fit our users’ lifestyles and needs.
“We look forward to offering users the stability that Nets is known for and utilising Nets’ expertise in fraud monitoring and prevention as we build our new bank.”
