Nets Finland launches Npay, new payment terminal for merchants

By Gloria Methri

Nets, part of Nexi Group, the European PayTech, is launching its new Npay terminal in Finland. The terminal software comes out of the Nexi Digital Finland hub, which was established in February 2023 to drive technological innovation within Nexi Group.

The new technology provides merchants with an easy and versatile solution for accepting payments in physical stores and facilitates payment acceptance through various card schemes.

“We are proud that Nexi Digital Finland is already introducing a product from the new Finnish digital hub, designed to drive technological innovation within Nexi Group,” said Matthew Kingsley Rowsell, Chief Product Officer, Merchant Solutions in Nexi.

“Thanks to our team of over 140 innovative developers located in Espoo, Finland, we have successfully designed the Npay terminal to benefit our merchant customers. We see a strong need for pan-European payment solutions like this and are looking forward to seeing the solution adopted by merchants across Europe,” said Ossi Korhonen, Director of Nexi Digital Finland.

Npay has been designed as a pan-European solution, to cater to most merchants’ current and future needs. The solution aims to simplify payment acceptance for merchants and can be implemented on various payment terminal models. Npay terminal distribution will start with SMEs in Finland and Sweden, followed by Nets Partners, and SMEs in Italy.

Suvi Ruoppa, Country General Director of Finland at Nets, part of Nexi Group, said, “The new Npay terminal is a testament to the strong expertise that we have within the Finnish payment technology space, as one of the most digitised societies in the world. The terminal confirms the ambition of Nexi Group to innovate solutions locally and distribute these technological innovations on a pan-European scale.”

Nets Group and Nexi Group merged in 2021 to form one of the leading European PayTechs. Nets Group had already expanded into Finland in 2012 with the acquisition of Luottokunta.