LHV Bank and European payment services provider Nets have extended their long-term partnership in Estonia, while adding new issuing services for LHV’s British subsidiary, LHV UK Limited.
The extended partnership will see Nets continue to deliver full acquiring services for LHV in Estonia, including terminal rental, payment authorisations and clearing, e-commerce capabilities, dispute management and fraud prevention. In the UK, Nets will support LHV with issuing services including CMS systems, issuer processing, tokenisation services, fraud prevention with AI, dispute and chargeback services, customer service and cards personalisation.
"LHV Bank aims to provide vendors and customers with truly innovative, tech-focused solutions to their financial needs,” said Andres Kitter, Member of the Management Board of LHV Bank. “We are looking forward to further extending our partnership with Nets in both Estonia and in the UK, enabling us to provide a range of additional digital services to our customers.”
Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region in Nets, added, “We are pleased to extend our partnership with LHV Bank and for their continued trust in Nets, helping to enable financial services for nearly 300,000 customers. LHV inspires us to innovate and continue providing capabilities that meet their specific needs and we look forward to developing the partnership further in the future.”
The long-term agreement has already entered into force.