Nets Extends Partnership with LHV Bank

European payment services provider Nets announced that it has extended the long-term partnership with LHV Bank, Estonia's largest domestic financial group.

The extended partnership will see Nets continue to deliver full acquiring services for LHV in Estonia, including terminal rental, payment authorisations and clearing, e-commerce capabilities, dispute management and fraud prevention. In the UK, Nets will support LHV Bank with issuing services including CMS systems, issuer processing, tokenisation services, fraud prevention with AI, dispute, and chargeback services, customer service, and cards personalisation.

"LHV Bank aims to provide vendors and customers with truly innovative, tech-focused solutions to their financial needs," said Andres Kitter, Member of the Management Board of LHV Bank. "We are looking forward to further extending our partnership with Nets in both Estonia and in the UK, enabling us to provide a range of additional digital services to our customers."

​"We are pleased to extend our partnership with LHV Bank and for their continued trust in Nets, helping to enable financial services for nearly 300,000 customers. LHV Bank inspires us to innovate and continue providing capabilities that meet their specific needs and we look forward to developing the partnership further in the future," said Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region in Nets.