Contis accelerates digital payments revolution in Germany with NAGA partnership

Published: November 23, 2021
Read articleContact us
Contis Germany

Berlin 23/11/2021 – Contis, a leading Banking-as-a-service (BaaS) provider in Europe, has today announced the expansion of its offering in Germany following its partnership with NAGA 

Contis and NAGA are revolutionising investment companies’ capabilities in the region. Via Contis’ Buffer solution, users of NAGA’s platform will be able to link and access funds held directly in their payments and brokerage wallets. NAGA will also gain access to the UK and EEA payment rails, as well as adding a globally recognised VISA Debit Card to its offering, accepted at over 140 million merchants worldwide. 

This partnership represents an important milestone in the rollout of Contis’ holistic, trusted, and scalable BaaS offering to the wider German market. In turn, enabling fintechs, banks, and businesses in the region the opportunity to offer innovative financial products and services to their customers, without the burden of complex compliance and payments processing headaches.  

Following the company’s decision to join forces with Solarisbank in July 2021 this announcement marks the latest step in Contis’ expansive strategic growth plans, building on its existing network of clients and partners across central Europe (including the likes of Austria’s Bitpanda) to cement its presence in the region. 

Peter Cox, Co-Founder and Chairman at Contis, comments: “Ten years ago, “fintech” was still a buzzword in Germany. Today, the country is increasingly becoming one of Europe’s leading fintech hubs. As payments technology innovation continues to disrupt traditional banking models across Europe, market players of all size are seeking new ways to bring competitive solutions to their customers. Our decision to expand our German presence aligns with our vision to bring about a future wherein anyone can easily and seamlessly transfer any payment value, anywhere, anytime, whilst meeting consumer demand for next generation products and services in a marketplace ripe for digital transformation.” 

Now a member of Visa-Ready (the elite certification for fintechs) and live on Mastercard – the leading and most widely accepted card schemes in Germany – Contis is set to make launching innovative payments solutions easier, faster, and more secure for businesses in the region. The firm’s Buffer solution, which converts assets to fiat currency at point of sale, means that consumers can now benefit from digital assets as investments or a form of everyday spending. In response to Mastercard’s recent announcement that any bank or merchant on its vast network can soon offer payments via Bitcoin and other crypto services, Contis is seeing growing interest in its cutting-edge Buffer technology across the region. 

“Digital assets are dictating the direction of travel in fintech. Consumers are demanding alternative payment methods, and the payment networks are listening. As a European leader in embedded finance and digital asset payments solutions, we will bring an added layer of functionality and simplicity when it comes to everyday spending for the German consumer,” adds Cox.  

In the wake of Brexit, the ability for German banks, fintechs, and corporates to maintain access to the full European market will be vital. Contis’ partners and clients in the region will notably be able to continue to passport their services across the EU and into the UK.  

By: Uche Graves
Published: November 23, 2021
Categories: News

Subscribe to our monthly newsletter

Archives

Contis Platform

Build your own solution from the most comprehensive banking-as-a-service platform in the market.

Embed next-generation payments technology at the heart of your business with our APIs.

Accounts & Features

Safeguarded, feature-rich accounts – Cardless ATM, budgeting tools, mobile app, etc

Cards Issuing

Visa or Mastercard, physical or virtual, debit or prepaid. Tokenisation, biometric, eco-friendly, and metal cards available

Card Processing

In house, EEA-wide with fully transparent fees with a market-leading 99.99% platform uptime

Payment Rails

Including Faster Payments, SEPA, BACS, CHAPS Direct Debit and Peer-to-Peer payments

Services

Customer support, compliance (KYC, SCA), rewards, fraud management and professional services

Featured

Faster Payments

Quick transactions through a user-friendly API. Completely scalable and flexible to your organization’s needs

Buffer

Award-winning paytech. Convert any asset to fiat automatically at point of sale to spend it instantly.

Contis Solutions

Explore industry-specific solutions and high-impact use cases from our modular Banking-as-a-Service platform.

Rapidly launch account, cards and payments services – whatever your business.

By Use Case

Challenge the Banks

Built on our modular e-money platform, get to market in weeks with next-gen accounts, cards, and skinnable app

Next-gen Crypto Debit Cards

No fees, no card loading, just frictionless instant crypto spending

Ecosystem Payments (P2P)

Keep and reward your customers in your own ecosystem with peer-to-peer payments and incentives

Instant Payments

Use virtual and physical cards or accounts to provide instant loan or insurance payments

Embedded Finance

Almost any business can integrate customer-facing financial services in just a matter of weeks

By Industry

Insurance

We offer virtual cards and Faster Payments for instant claims, with greater control and data available for both client and customer

Banks

Contis replaces obsolete systems through our real-time, cloud-based platform, and rapidly adds cutting-edge cards and payments services

Building Societies

We work with over 150 Credit Unions and Building Societies to bring secure next-generation banking services to all of society

International Banks

Contis enables international banks to seize revenue opportunities in Europe through payments and cards services

Fintechs

We provide the backbone and licensing for account and card payment functions, getting fintechs to market in record time