Positive trend, additional orders from key customers, value 3 MSEK.

Positive trend, additional orders from key customers, value 3 MSEK.
15 September, 2020 Hans Edin
Hans Edin
In News, Press release

Westpay AB, a leading fintech company, has received additional orders for payment terminals and services, as part of ongoing cooperation with key customers. These orders are positive signs of increased activity on the payment market.  

– We are noticing good feedback from our installed base and potential new customers. The difference now and before summer is that they consider investments on a larger scale. Many customers realize that they need to level up their payment solution to face their end-customers’ demands. Contactless, alternative payment methods, and regulations are examples of triggers speaking in our favor, says Hans Edin, CCO at Westpay.

The orders received from Cash IT, Open and Svenska Handelsbanken and Datorama, amount to SEK 3 million initially and will be delivered during the third quarter of 2020.

– We continue with our effort showing the market the benefits of our services and solutions. Swish in the payment terminal is one example where we now have a game-changer in our discussions with customers. We don’t know how long Corona will be present, but the way society opens up, gives me confidence as we are getting closer to 2021, concludes Hans Edin.


For additional information, please contact:

Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se

Hans Edin, CCO Westpay AB
Mobile: +46 70-688 02 05
Email: hans.edin@westpay.se

Westpay’s Certified Adviser is Erik Penser Bank,
phone: +46 8-463 80 00, email: certifiedadviser@penser.se

This press release contains such information that Westpay AB is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on 15th September 2020 at 09:00 CEST through the agency of the contact person set out above.