Nets launches payment terminal solution for merchants
signed a memorandum of understanding
to buy payments provider SIA for $5.3bn in shares.
Suvi Ruoppa, country general director of Finland at Nets, said: The new Npay terminal is a testament to the strong expertise that we have within the Finnish payment technology space, as one of the most digitised societies in the world.
We have specialised experience that allows us to continue driving forward the advancement of European payments for businesses and consumers alike, Ruoppa added. The Npay terminal confirms the ambition of Nexi Group to innovate solutions locally and distribute these technological innovations on a pan-European scale.
Cloud computing has lately grown in popularity in the banking industry. The technology can help financial institutions (FIs) modernise infrastructure, scale operations, reduce costs, improve resilience and build new revenue streams and services.GlobalData analysts estimate retail banks spent approximately $39bn on cloud computing technology in 2022. That number is expected to reach $83bn by the end of 2026.
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