Siirto and Svea Payments Oy are launching a partnership through which the renewed Siirto service will become available to businesses via Svea’s payment services. The partnership expands the range of payment methods available to merchants and provides a domestic, account‑based alternative to card payments.
Svea acts as a payment service provider for e‑commerce merchants, and through the partnership, Siirto can be offered as part of a familiar payment service suite. For consumers, Siirto is visible directly in their banking app: payments are made quickly and securely without entering card details or using separate applications.
“Siirto brings account‑based payments into e‑commerce payment flows via a payment service provider. Partnering with Svea is a natural way to expand the adoption of Siirto and offer a smoother payment experience through bank channels”
Mikko Ketola, CEO of Siirto Brand Oy
What does Siirto mean for e‑commerce in payment processing?
- Faster and simpler payment transactions
- No card details – a secure and frictionless payment experience
- Fewer abandoned purchases thanks to a clearer payment process
- Over one million Finns already ready to pay with Siirto
- A domestic, bank‑based alternative to international card solutions
“We continuously develop payment services that meet the needs of e‑commerce merchants. Siirto complements the range of payment methods with an account‑based solution that leverages banks’ own channels and supports seamless payments”
Tomas Lundqvist, CEO of Svea Payments Oy
The renewed Siirto service will be launched before summer 2026. Through the partnership, Siirto will also become available via Svea’s payment services at a later stage.
Further information:
Siirto is a Finnish payments and invoicing service that operates within banks’ own online and mobile banking services, without a separate application. Initially, Siirto is available in OP’s and Nordea’s banking apps, offering consumers a familiar, secure and consistent user experience. The service already has over one million users and is used in channels that are opened more than one billion times a year in Finland. Siirto Brand Oy is responsible for the development and management of the service. The company is owned by OP and Nordea, and its mission is to build a secure and widely used account‑based payments and invoicing infrastructure in Finland.
Svea provides payment and financing solutions for businesses and consumers, as well as debt collection and financial administration services for companies. In Finland, Svea has been operating since 2002 and currently employs over 200 people. Svea’s operations in Finland consist of four companies: Svea Bank AB (publ), filial i Finland, the debt collection company Svea Perintä Oy, and Svea Payments Oy and Svea Development Oy, which provide services related to payment processing.
