Neopay platform has already initiated over EUR 1bn in payments this year

NEO Finance AB, which provides payment initiation service (PIS) under the Neopay brand, has reached a new record by initiating more than EUR 1 billion in payments this year through Neopay even before the end of the third quarter, the company said in a press release.

As an e-payments partner, Neopay will start the last quarter of the year with not just EUR 1 billion in payments under its belt but also 14 million transactions. In 2021, 16 million payments were initiated with Neopay’s help for a total of EUR 964 million, which in turn was twice as much as in 2020.