Existing owner and new owner PayEx invests over $2 million in Accumulate. The funds will be used for product development and marketing of the company's mobile payment and mobile identification and authentication solutions.
Sector Alarm, the second largest and fastest growing security alarm company in the Nordic region with around 100,000 private customers today, is outsourcing its invoicing and payment management procedures to PayEx to make them as efficient as possible.
The PayEx Group is continuing to grow on the Nordic market. The acquisition of Finnish company Oy Soumen Laskunhallinta means PayEx now has a physical presence in Finland too.
The petrol station chain Shell has been cooperating with 7-Eleven for some time now in order to be able to offer its customers a more extensive range of goods in addition to what can normally be found in a petrol station. The two chains can now also make things easier for their customers concerning payment.
Boxer and PayEx have collaborated for a number of years on invoicing and collections management. This cooperation is now being extended to include services for accounts payable and receivable, and cash receipts management.
PayEx has developed Norway’s first subscription model for the mobile phone operator Ludo mobil AS, where the customer creates his/her own subscription with discounts to suit each individual user.
PayEx Mobil - winner of the Banking and Finance category of the 2009 Cut the Wire Awards
In order to provide market-leading solutions within the small business segment, PayEx has entered into partnership with Adimo AS, which has positioned itself as an effective and competent distributor of POS terminals to the Norwegian business market since 2003.
PayEx and PayEx Mobil has been nominated in the 2009 Cut the Wire Awards. The other nominated companies in the customer catergory Banking- & Finance are: Swedbank, Finansiell ID-Teknik, Telenor and Telia, service: "BankID i mobil" and Nordnet, service: "Wintrade Mobil."
Today Spotify enters into an agreement with Convenient Card, which means that Spotify Premium will now also be available in real-world stores.
The PayEx subsidiary company Convenient Card will provide a platform that will enable real world stores to offer Spotify’s music services to their customers. The first to sell Spotify’s Premium service will be around 500 Swedish Pressbyrån and 7-Eleven stores.
With help from the leading Nordic supplier of retail solutions, LINDBAK, and the leading Nordic supplier of payment solutions, PayEx, XXL will receive integrated and cost-effective retail and payment solutions, functional in all countries.
A group of restaurants on the island of Gotland are becoming test pilots for a new mobile solution where they can reduce the handling of cash by having their customers pay quickly and securely using their mobile phones and the brand new service PayEx Mobile.
PayEx has entered into an agreement with Reitan Servicehandel for delivery of a common payment solution to Shell/7-Eleven in Norway, Denmark and Sweden.
Narvesen and 7-Eleven in Norway are the first retail chains in Scandinavia to sell Visa prepaid card in a physical retail environment.
"Now we have done this and will immediately structure solutions in a way that secures our plans for the future. Payments within public transportation are changing and PayEx is a creative and stable partner when it comes to developing future solutions", says Krister Fingal, CEO PayEx
PayEx handles other companies' payment processes - which gives them a close bond with their customers. "They hardly notice that we are an external company when we are a part of their own site", says concern director Krister Fingal.
The idea of using mobile telephones for payment arose about ten years ago. During the upcoming year, Swedbank, Telenor, and Telia will be using the service as a test. Click for complete article (only in Swedish)
7eleven, among others, has been selling a type of pre-paid card for online payments since this past spring. Maria Stenberg at Spendonnet explains how it works, and which e-merchants should especially consider this new payment method. Click for complete article (only in Swedish)
Since May, PayEx handles the entire invoicing process for all of Glocalnet’s telephone and broadband services. Glocalnet has within a brief period grown to become Sweden’s third largest complete tele-supplier. We hope for an equally successful level of customer growth in the future with PayEx as a proud supplier.
For more information, please contact:
Nelson Walden, business developer for PayEx Finance
Tel: +46 (0)498 20 20 00
E-mail: nelson.walden@payex.com
For another two years PayEx will be a main sponsor of one of the most talked-about golf competitions in Europe. We ourselves are on our way to become the most talked-about supplier of payment processes in Europe.
Canal Digital is the leading distributor of digital television throughout the Nordic countries. PayEx is therefore proud to have won the public procurement that Canal Digital Kabel-TV AS carried out for their broadband telephony service.
Prior to the Christmas shopping season, NetOnNet released new payment methods through its own finance company, NetOnNet Pay AB. PayEx helped develop these services and administrates their systems.
PayEx continues to recruit leading personnel. The latest addition stationed in Norway, Leif Erling Aronsveen, assumes the CEO position at PayEx Collection AS.