Delivering Next-Generation Digital Payments and Cards Solutions for EU-Based Financial Institution

Client

The client is the leading payment processor in Nordics and Europe, supporting a large ecosystem of over 250+ issuers and 700,000+ merchants.

Challenges

• Legacy payments infrastructure acquired through multiple M&As leading to redundancies.
• The business needs to reduce technology costs and technical debt.

LTM Solution

• FID/NFC/Bluetooth-based POS systems for contactless payments and Mobile Contactless Solutions for superior digital payment experience at retail stores. 
• API marketplace provides easy access to developers, large retailers, corporates, and FinTech to test suited products, services, and data. Instant loan to allow customers to have interest-free loans using instantly issued virtual cards. 
• Big data analytics foundation to monetize existing siloes data and generate new revenue streams for merchant services, fraud and dispute services, and payments. 
• Instant loans to allow customers to have interest-free loans using instantly issued virtual card.
• An integrated solution for merchants and a digitized platform for quick merchant onboarding

Business Benefits 

• Contactless and secure payments experience across digital channels.
•  API-ready infrastructure with PSD2-compliant services.
•  70% faster merchant onboarding. 
• Enabled new revenue streams and launched new digital services and solutions for Nordic and European markets.