ASHBURN International and Rietumu Bank will collaborate to improve acquiring services in the Baltics and EU

Published: 4 December 2023 y., Monday

ASHBURN International (Penki kontinentai Group), the payment technology company, has partnered with Rietumu Bank to expand the network of EFTPOS terminals across the European Union and provide innovative solutions to banking and retail.

This collaboration represents a significant advance in payment services in the European Union. ASHBURN International will offer Rietumu Bank a diverse range of acquiring machines on outsourcing terms, including standard EFTPOS terminals and Android OS devices. Modern equipment and software are expected to streamline payment processes, giving end users and merchants greater convenience.

Sigitas Šniukas, Head of Sales at ASHBURN International, remarked, “I hope this partnership between our companies will inspire other banks to take on new challenges and develop innovative solutions. Based on our extensive experience in acquiring network development, we are ready to collaborate with active market players to drive further progress.”

Rietumu Bank was established in 1992 and has been one of Latvia’s leading commercial banks for a long time. It has grown in assets to rank fifth in the country. The bank has been actively engaged in foreign markets. In 2018, the company focused on the Baltic States and EU operations.

As part of its core business, Rietumu Bank offers services to companies, provides support for individual credit and investment projects, facilitates Baltic companies’ entry into new markets, finances projects across multiple sectors, collaborates with fintech firms, and promotes green economic development.

ASHBURN International and Rietumu Bank are confident that their joint initiative will lead to a successful implementation of new payment processing technology.

Šaltinis: ashburn.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

Associated articles

Related videos

05/02/2014

Padėkime augti

Strategic session of the "Penki kontinentai" group of companies: exchange of experience and plans for further development

Penki Kontinentai Group employees attended the annual strategy session held in Vilnius from January 22nd to 26th, 2024. more »

ASHBURN International and Rietumu Bank will collaborate to improve acquiring services in the Baltics and EU

This collaboration represents a significant advance in payment services in the European Union. more »

BS/2 has received awards from Diebold Nixdorf for outstanding collaboration results

The BS/2 delegation attended the annual Banking Partner Summit organized by Diebold Nixdorf in Indonesia. more »

BS/2 Makes a Ukrainian Girl's Dream Come True

For the first time, the Lithuanian national cheerleading team achieved podium placements at the European Cheerleading Championship. more »

Ashburn International Readies to Launch Two New Products on The Polish Payments Market

As a result of attending the XI Cashless Congress in Warsaw, several agreements were reached with Polish cashless payment operators concerning ASHBURN International's products. more »

BS/2 and Modern Expo plan to increase the supply the innovative retail equipment to the Baltic States

Together with BS/2, the Ukrainian supplier plans to expand its presence in the Baltic. more »

Penki kontinentai group participates in DUOday for the third year

The Penki kontinentai group of companies has joined the initiative of the social employment agency SOPA DUOday" for the third year in a row. more »

BS/2 representatives took part in the Lithuanian-Azerbaijani business forum

On May 22, a Lithuanian-Azerbaijani business forum was held in Vilnius. more »

20 employees from the “Penki kontinentai” group successfully completed the “Europa” race challenge!

The “Penki kontinentai” team has become the largest for the for the third time in a row more »

Baltic Payment Forum: what surprised and inspired

Penki kontinentai Group support the Baltic Payment Forum as a Platinum Sponsor. more »