SME Bank, the bank making life simpler for small- and medium-sized enterprises, has partnered with next-generation payment infrastructure provider kevin. to create an easy-access one-stop-shop for e-commerce business owners seeking a range of online payment capabilities for customers, with payments into a single business account, combined with collateral-free growth financing. Until, merchants needed to turn to multiple providers to assemble these core requirements, resulting in lost time and unnecessarily complex administration. The combined offering from SME Bank and kevin. simplifies life for SME owners. It creates a single point of entry for payment infrastructure enabling account-to-account payments all across the Baltics, as well as revenue-based financing based on e-retailers’ expenses and profit. The payment collection options on offer include an open banking-based Payment Initiation Service (PIS) enabling instant, cost-effective and end-user-friendly collections from majority of consumer with an account at a bank in the European Economic Area (EEA). Read the full Finextra article through the link in the comments. #banking #bankingindustry #bankingtechnology #banks #bankingservices #payments #paymentservices #paytech #paymentprovider #financialtechnology #financialservices
Happy to continue SME Bank journey to help every SME reach all financial services from single point! + accounts + fx + payments + lending Now revenue based financing... Not the only partnership to come soon ??
Link to full article: https://www.finextra.com/pressarticle/93153