Shift4’s leading acquiring and payments services will enhance OneMoneyWay’s neo-banking solutions to offer merchants a comprehensive, consolidated financial services platform, streamlining operations for SMBs and enterprises across the UK and Europe.
CENTER VALLEY, PA. – June 20, 2024 – Shift4 (NYSE: FOUR), a global leader in integrated payments and commerce technology, announced today a partnership with OneMoneyWay, a leading Nordic and UK based payment platform, to provide a consolidated business banking and payments solution for small and medium-sized enterprise (SME) customers across Europe and the UK. OneMoneyWay will leverage Shift4’s best-in-class acquiring services and payments infrastructure to expand its core product offering, enabling it to act as a Payment Service Provider (PSP) and provide new and existing customers with acquiring services.
SMEs are the backbone of the European and UK economies, representing 99% of all businesses in these regions. While traditional banking institutions have historically let SMEs slip between the cracks, neo-banks and bank challengers like OneMoneyWay offer more accessible, affordable, and innovative digital business banking and financial management solutions tailored to the SME market. This partnership will enable OneMoneyWay to further expand its SME offerings to provide customers with payments and acquiring capabilities in addition to its existing suite of leading SME financial services, including bank accounts, corporate expense cards, Point of Sale (POS) terminals, and currency exchange services.
“Partnering with Shift4 enables us to offer merchants the benefit of a truly end-to-end payments experience, underscoring our dedication to innovative banking excellence,” said Oliver Bentzen, CEO of OneMoneyWay. “Such solutions are still scarce in Europe, especially in the Nordic regions. We look forward to enabling simplified financial operations and management for businesses in the region, and ultimately driving down their costs through consolidated banking and payment services.”
Acting as the sole acquiring partner, Shift4’s flexible acquiring services, large network of global ecosystem partners, and scalable solutions are helping OneMoneyWay in its mission to challenge traditional banking price structures. Through this partnership, merchants can save resources by cutting their reliance on multiple PSPs and financial service vendors and benefit from a more streamlined, cost-effective, and convenient solution to manage their business finances.
“We are proud to partner with OneMoneyWay to meet the diverse needs of SME customers across Europe,” said Ruben Nielsen, VP of Sales & Business Development at Shift4 Europe. “For Shift4, this agreement not only serves as a seal of approval in a competitive market but also enables us to further solidify our European market presence. Through this partnership, we are bringing enhanced value to a rapidly growing group of merchants across Europe. We look forward to working with OneMoneyWay to provide SMEs competitive rates and greater access to quality business solutions that were previously unavailable to them.”
OneMoneyWay is a neo-banking and financial management platform operating across the Nordics, Germany, Luxembourg, and the UK. Through this partnership with Shift4, SME customers across these countries will now have access to unified, cost-effective financial service solutions. With OneMoneyWay equipped to act as a Payment Service Provider, offering same-day settlements into merchant accounts in the local or preferred currency, this integration enables businesses operating in multiple regions to receive their payments in their chosen currency. Together, Shift4 and OneMoneyWay aim to simplify and consolidate financial operations for businesses, making financial management more efficient and adaptable across Europe and the UK.
About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.
About OneMoneyWay
OneMoneyWay is a leading Nordic and UK based payment platform with focus on local payment methods for SMEs in the EU & UK. OneMoneyWay’s mobile and web applications provides SMEs access to a suite of regulated financial services and essential business tools, including: Local business accounts, FX in 24+ currencies, Corporate Mastercards, Card Acquiring, Payment Terminals, POS Application, Accounting features, SWIFT, SEPA, US ACH, Faster Payments, DKK Intradag and more. To learn more, visit onemoneyway.com
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Media Contacts:
Nate Hirshberg
Senior Vice President, Marketing
Shift4
[email protected]
+1 610.596.4590