Neonomics, a leading provider of open banking solutions, has partnered with Lowell, an international credit management company,
to expand Account-to-Account (A2A) payments services across multiple countries in the Nordics.
A2A payments, also known as bank-to-bank transfers, allow users to directly transfer funds between bank accounts, eliminating
the need for traditional payment methods such as cards or e-wallets. This collaboration aims to revolutionize the
payment landscape in the Nordics by offering secure, convenient, and cost-effective payment options to individuals
and businesses.
With this partnership, Neonomics and Lowell will jointly develop a robust payment infrastructure that ensures seamless integration
with banks across the Nordics. This will enable customers to initiate A2A payments directly from their online banking
platforms, eliminating the need to switch between various payment apps or websites.
Henriette Wendt, the CEO of Lowell Nordics, stated, “We are excited to collaborate with Neonomics to extend A2A payment capabilities
to our customers in the Nordics. By leveraging Neonomics’ expertise in open banking, we can offer a frictionless
payment experience that is both secure and efficient.”
This partnership aligns with the growing demand for digital payment solutions in the region. The Nordics have always been
at the forefront of adopting innovative technologies and are known for their high smartphone penetration rates and
tech-savvy populations.
According to a study conducted by Neonomics, A2A payments have witnessed significant growth in the Nordics, with an average
annual increase of 45% over the past three years. This trend is expected to continue as more individuals and businesses
recognize the benefits of instant, low-cost, and secure bank transfers.
The CEO of Neonomics, Christoffer Andvig, said, “We are thrilled to partner with Lowell and expand our A2A payments services
across the Nordics. This collaboration will empower consumers and businesses to take full advantage of the opportunities
provided by open banking, contributing to a more efficient and inclusive financial ecosystem.”
This joint effort between Neonomics and Lowell is expected to transform the payments landscape in the Nordics, making A2A
payments the go-to choice for individuals and businesses for their day-to-day transactions. The partnership aims
to launch the expanded A2A payments services in early 2023, subject to necessary regulatory approvals.
For more information about this partnership, please visit neonomics.io.