kevin. partners with Switchio by Monet+
kevin., the next-generation payment tech infrastructure provider of direct, safe, and resilient end-to-end financial transactions, has partnered with Switchio by Monet+, an independent software platform managing thousands of payment terminals in Europe. As a result, kevin.’s account-to-account (A2A) payments will be available on all POS (point-of-sale) terminals connected to the Switchio platform.
Switchio by Monet+ works with multiple acquirers to manages millions of transactions each day and is one of the most developed platforms offering software and hardware solutions for payment card acceptance, covering the entire process from POS terminals to processing centre.
By integrating kevin.’s high-tech infrastructure into Switchio’s platform, Monet+ becomes the first-ever company able to offer their clients and partners A2A in-store payments, enabling businesses to receive payments safely, instantly and at a fair price.
kevin. A2A payments for POS work by having a customer link their bank account to any mobile application integrated with kevin.’s solution, then completing the payment contactless via NFC technology. No special equipment is necessary, as the solution will work for merchants and acquirers integrated into the Switchio platform by Monet+, and can be made available to POS terminals upon request.
Radoslav Tomašiak, Head of POS Solution at kevin., says: “This partnership with Switchio by Monet+ is the first of its kind. Together we focus on innovation in payments, and we both want to make payments more secure, accessible and customer-centric. We at kevin. couldn’t ask for a better fit, and we can’t wait to dig in and provide an improved experience for both businesses and their clients.”
Switchio is integrating kevin.’s A2A payments for POS terminals into their existing infrastructure within Switchio platform, meaning that businesses using Switchio’s services won’t need any additional investments to start accepting A2A payments in-store. They will be able to significantly reduce their transaction costs while ensuring the same great experience their customers are used to.
Tadas Tamošiūnas, Co-founder and CEO at kevin., says: “Monet+ continues to offer great solutions to a digital world, and with Switchio they simplify transactions for plenty of acquirers every day. It goes without saying that their technology plays an important role in today’s payment industry. We at kevin. are thrilled to partner with them, offering their clients access to direct and safe end-to-end payments that exclude all the process steps that have developed over time but add no value.”
“We’ve seen massive growth in the digitalization of payments in recent years,” says Kamil Hanáček, who was recently appointed to oversee the electronic payments division at Monet+, Switchio’s parent company. “Safe and reliable solutions are often built on cooperation between many partners. It’s what allows us to participate in foreign projects. We believe that cooperation with kevin. will open the door to more payment possibilities and make the payment experience more pleasant. Security and reliability are always priorities in our work.”