Siirto is known for its real-time Siirto payments and account-based money transfers. Through the newly signed cooperation, the renewed Siirto online payment method—set to be launched in early summer—will become available within Paytrail’s service. Paytrail is Finland’s largest online payment provider and the most widely used payment service in e‑commerce.
The Siirto service is being rebuilt in Finland using entirely new technology, making payments significantly faster and easier than before.
“For us, it is important to advance Finnish e‑commerce and payments together with strong domestic partners and to support the growth of online stores. The cooperation with Siirto strengthens our goal of making online payments even smoother by offering merchants and consumers a new solution for easy and secure payments”
Markus Laurio, Chief Executive Officer of Paytrail
The cooperation strengthens the domestic payments infrastructure and ensures that online merchants and consumers can benefit from fast, secure and account‑based payments.
“It is great to bring the renewed Siirto service to Finnish online stores together with Paytrail. This is an important step towards a smoother and more open future of payments in Finland”
Mikko Ketola, Chief Executive Officer of Siirto.
What does the renewed Siirto online payment offer?
- Payment transactions up to twice as fast as before
- No card details – a secure and frictionless payment experience
- Fewer abandoned purchases thanks to a simpler payment flow
- More than one million users ready to pay with Siirto
- Works also for payments in mobile applications
- Consumers can choose the payment account for each transaction
- A domestic alternative to international card schemes
How an online store customer pays with Siirto
- The customer selects Siirto as the payment method in the online store
- The customer enters their mobile phone number
- The customer approves the payment in their mobile banking app and can choose which account to use
- The money is transferred in real time from one account to another
Initially, the renewed Siirto service includes Siirto’s owner banks OP and Nordea, whose customers represent over 70% of Finland’s population. Siirto’s goal is to reach 90% coverage of Finnish consumers by the end of 2026.
Siirto is a Finnish real-time payment method that operates within banks’ mobile applications. With Siirto, users can easily and securely transfer money between individuals and pay for purchases in online stores. In 2026, Siirto will expand to also enable ordering both recurring and one-off e‑invoices using only a phone number.
Founded in 2007, Paytrail is Finland’s largest online payment service provider and the most widely used online payment service in e‑commerce, digital services and applications. The company has over 20,000 customers and is also responsible for the online payment traffic of the Finnish Government’s Suomi.fi Payments service. Paytrail is part of the Nexi/Nets Group and holds a payment institution licence granted by the Finnish Financial Supervisory Authority. The company is also known as one of the pioneers of Finnish e‑commerce. More information: www.paytrail.com
Further information
Mikko Ketola, Chief Executive Officer, Siirto, mikko.ketola@siirto.fi
Mari Bilici, Sales Director, Siirto, mari.bilici@siirto.fi
Markus Laurio, Chief Executive Officer, Paytrail, markus.laurio@paytrail.com
