eService, leader of the Polish payment card processing market and at the same time the largest settlement agent in Central and Eastern Europe, has established cooperation with kevin. - a Lithuanian fintec offering payments based on open banking in an online environment.
The area of cooperation between eService and the kevin. fintec is to provide open banking solutions in e-commerce and m-commerce channels. Open banking is financial services that operate thanks to banks sharing information about their customers' accounts with third parties. The data is transferred using specialized software, known as an open application programming interface (API). This allows companies to provide, for example, a Payment Initation Service (PIS).
The payment process using kevin. based on the Payment Initation Service model is as convenient for online stores as it is for pay-by-link transfers. This is a type of payment that does not require you to manually enter transaction and payee data. This way, you can pay for goods and services in a safe and fast way. In the case of the kevin. system the difference is in the way transactions are processed.
Taking into account the needs of today's consumers and their changing shopping patterns, it is important to emphasize the fact that payments based on Open Banking will can be used in the world of mobile applications or in-store sales, fitting into the omnichannel strategy. Through the partnership, customers using solutions provided by eService will gain access to a user-friendly interface, while merchants will gain a service that will increase their innovation and conversion of every shopping cart.
Establishing a partnership with the kevin. fintec It is another step strengthening eService's presence in e-commerce services and enables us to expand the offer of modern solutions available through our constantly developed payment gateway. This contributes to increasing the range of payment methods available in the gateway. It also means an efficient payment process and ensures its highest level of security, while allowing to increase the reach of product and service providers using eService solutions. The partnership on the Polish market is the first step - as part of EVO Payments we plan to use it also on foreign markets, including the Czech Republic, Slovakia, Romania and Hungary - says Zdzisław Mikłaszewicz, Director of Strategy and Product Development Office of eService.
We are very glad that our products received so much interest in Poland. The fact that leading market players such as eService see the real value of kevin. payment infrastructure motivates us to keep innovating and striving for excellence - says Krzysztof Hejduk, Head of Poland at kevin.
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kevin.- was created to evolve traditional online, card and POS payments. kevin.’s Open Banking enabled account-to-account infrastructure allows payments to move directly from the payer’s bank to a merchant or service provider’s bank, bypassing traditional intermediaries. Offering fully customizable transacting solutions which scale to the size of any business, kevin. helps improve customer experience and thereby conversion, while also saving money on the cost of payments processing. Currently, the company supports thousands of merchants in 19 markets, including France, Sweden, Poland, Spain, Netherlands, Baltics, and Portugal, where the company has a coverage of more than 85% of bank customers.