“There is a high demand for innovative, flexible and smart payment solutions from both merchants and consumers. This contributes to both increased sales and higher customer satisfaction. Through the investment and cooperation with KACHING Retail, we can now continue to drive this development forward, so that mobile solutions for payments can become even more flexible and efficient,” says Linus Singelman, Head of Group Commerce and Swedbank Pay at Swedbank.

Swedbank has together with its subsidiary PayEx, gathered its payment offer under the Swedbank Pay product brand. Swedbank Pay is one of the leading commerce provider with more than 100,000 merchants as customers in the Nordic and Baltic markets.

In addition to Swedbank's investment in KACHING Retail, the bank has also entered into a commercial collaboration. The bank's ambition with the investment and the collaboration with KACHING Retail, is to continue to develop mobile solutions that support the digitization of sales processes and mobile payments to further improve customer experience in all sales channels.

For further information:
Linus Singelman, Head of Swedbank Group Commerce and Swedbank Pay, ph. +46 72 500 89 41
Carina Sesser Nylund, Press Contact Swedbank, ph. +46 72 230 52 64