Swedbank partners with Kaching Retail to develop mobile payments
Swedbank has invested in and started a commercial collaboration with mobile payments solutions developer Kaching Retail, reports Jane Connolly.
As well as being a key investor in the Stockholm-based fintech’s financing round, Swedbank will work with Kaching Retail to develop mobile solutions that support the digitisation of sales processes.
“There is a high demand for innovative, flexible and smart payment solutions from both merchants and consumers,” says Linus Singelman, head of group commerce and Swedbank Pay at Swedbank. “Through the investment and cooperation with Kaching Retail, we can now continue to drive this development forward, so that mobile solutions for payments can become even more flexible and efficient.”
Swedbank’s payment product brand Swedbank Pay has more than 100,000 customers in the Nordic and Baltic markets.