Case of Nets and Ikano Bank: The Way4 Platform for Pan-European Issuing

Ikano Bank is as part of the Ikano Group which was established in 1988 by Ingvar Kamprad, the founder of IKEA.

Ikano Bank has chosen Nets for their all-Inclusive consumer finance solution in Nordics, UK, Germany, Poland and Austria. 

The four-year contract significantly extends Nets’ existing card processing relationship with Ikano Bank and reflects Nets’ continued expansion to support banks and issuers across Europe.

Ikano Bank is a Pan-European brand, serving clients in Austria, Denmark, Finland, Germany, Norway, Poland, Sweden, the UK and other countries.

Nets, one of the leading European processors, with decades of experience in digital payments, is rapidly expanding into Central Europe. Nets relies on its Way4-driven payment processing platform to serve multiple major issuers and to onboard new client banks at a fast pace. Its rich offering ranges from debit and credit cards to lending and financing products, and to mobile payments and other value-added services. 

The WAY4 digital payment platform powers card issuing, merchant acquiring, account management, digital wallets and tokenization, payment switching, e-commerce gateway, for 130+ payment players across the globe.

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