Bankart to go live with Nets instant payments in Slovenia
Bankart will go live with Nets’ instant payment solution in Slovenia in February after obtaining final approval from the Slovenian Central Bank.
As reported in September 2017, Bankart and Nordic payments processor Nets were talking about this deal. The new system was planned to go live in September 2018.
Anyway, from next month, Bankart, via Nets’ RealTime24/7 solution, will enable bank transactions between Slovenian banks to be cleared in “less than a second”. About the same time as the attention span of someone on the Big Brother TV show.
“We will deliver a future proof solution developed for a whole new ecosystem that opens up for innovative services. This will ensure that the Slovenian community will get access to services with great user experience, and at the same time keep payments cost effective,” says Aleksander Kurtevski, MD, Bankart.
Along with this module, Bankart will also be processing regular credit transfers exchanged in files such as bill payments, salary pay-outs and pensions.
Bankart is based in Ljubljana and was founded in 1998. If offers services in card processing, ATM transactions and POS processing to banks and other financial institutions.
Nets reminds us that it has won instant payment tenders in several European countries, with Italy and Denmark already live, and Hungary ready for launch this year.
In other news, and earlier this month, Nets and Concardis Group, a payment service provider in the DACH region, completed the merger originally announced in June 2018.
The merger creates a business with approximately €500 million of EBITDA and €1.3 billion of net revenue.
The headquarters of the group will be in Ballerup, Denmark, and both firms will retain their respective brands.