WESTPAY: Loomis and Westpay sign agreement for payment solutions

Westpay AB, a leading fintech company, and Loomis AB, the international specialist in cash handling, have signed a four year agreement, forming partnership to bring world class digital payment services and solutions to retail customers initially in Finland and Sweden with an intention to incorporate in rest of Europe.

Under the terms of the agreement, Westpay will supply Loomis with state-of-the art payment solutions for cashless, so called card present, on-site transactions. The foundation for these payment solutions is Carbon, Westpay’s world class range of Android based payment terminals.

“The partnership allows us to reach new markets, and will enable Loomis’ customers to benefit from unified and improved management of payments, regardless if its cash or cashless,” says Sten Karlsson, CEO of Westpay.

Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, retailers and other operators. Loomis operates through an international network of more than 400 branches in more than 20 countries.

For additional information, please contact:

Sten Karlsson, CEO Westpay AB

Mobile:

Email:

Westpay’s Certified Adviser is Erik Penser Bank, phone: , email:

This press release contains such information that Westpay AB is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on 12 August 2019 at 09:00 CET through the agency of the contact person set out above. 

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