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

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 »

Vilnius residents are spending more in cafes and restaurants, and tips are increasing too

By the end of the first quarter of this year, nearly 1,000 waiters and bartenders in the country have joined the new Lithuanian digital solution for tips. more »

Penki kontinentai Group implements a new non-standard payment solution in Georgia

BS/2 Georgia and ASHBURN International, together with TBC Bank, one of the largest banks in Sakartvelo, have developed a new non-standard payment solution for the coffee capsule manufacturer Meama. more »

The Georgian Market Is Increasingly Interested in Lithuanian POS Terminal Management Solutions

One more Georgian bank is now using TransLink.iQ, ASHBURN International's software solution for card readers. more »

The history of the Penki kontinentai group of companies - in the authoritative Newsweek magazine

One of the oldest American media outlets wrote about the achievements of Penki Kontinentai Group. more »

Georgian Banks Implement New Payment Terminal Options

In collaboration with the Georgian bank TBC Bank, ASHBURN International developed and deployed on POS terminals the feature of payment for products and services without cash or bank cards. more »

BS/2 partner Diebold Nixdorf has received two Global Banking & Finance Review awards 2022

The company received the Next 100 Global Awards 2022 — Technology Solutions Provider award. more »

The VI International Banking Forum Results

BS/2 (Penki kontinentai Group) was a premium sponsor of the event. more »

BS/2 is the General Sponsor of the International Banking Forum

The banking industry professionals from Eastern Europe and Central Asia met in Almaty on October 26 and 27, 2022. more »