The Norwegian/Scottish fintech said new technologies, regulations and new players were changing the way consumers and businesses think about payments.
Factor in the ongoing Covid-19 pandemic and many banks find themselves “challenged” and often unable to develop and provide competitive payment services to their commercial banking customers, the firm added.
It has recently launched its “Q Business” programme with 65 banks in the Nordics and is now expanding the platform to include full commercial card issuing capabilities across all sizes of business.
Chief executive Nicki Bisgaard said: “With these latest developments we continue to demonstrate our commitment to delivering new, innovative and exciting payment services to our partner banks and their customers.
“While payment products and services often becomes more and more user friendly, the product management becomes more and more complex and requires ready access to specialists in product management, in marketing, in revenue management, in IT and platforms, in legal and regulatory areas to mention but a few.”
The firm is targeting bank partners in “select markets” around the world and aims to launch programmes in multiple regions over the coming 12 to 24 months.
EedenBull was established in 2018. It is registered in Norway with its head office in Asker, its technical development and customer services teams in Edinburgh and other members of staff located in Singapore.
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