Nordic challenger financial institution, Lunar, will now look to start out Visa card processing with Pismo‘s cloud native options, to develop and launch new merchandise and options quicker and extra independently.
Over a million non-public and enterprise Lunar customers throughout Denmark, Sweden and Norway will profit from the transfer to Pismo as its tech will facilitate the launch of funds and banking merchandise inside a single cloud-native platform. Differing networks, geographies and currencies won’t impression the tech’s performance.
Pismo offers quick access to Visa’s suite of Worth-Added Providers, from its trusted, AI-powered fraud-fighting capabilities to a digital person expertise. Commenting on the information, Vishal Dalal, CEO at Pismo, says, “Velocity is a key market differentiator. By adopting Pismo to course of its Visa playing cards, Lunar will ship a safe, seamless, and cost-effective bank card expertise, whereas additionally gaining the flexibleness to develop revolutionary options that improve buyer engagement and set the model aside.”
Pismo, which was acquired by Visa in 2024, provides an all-in-one cloud-native platform with a broad product protection, together with core banking, cost processing, card issuing, digital wallets, lending, company banking, and monetary asset administration functionalities. The Pismo platform is card community agnostic and continues to work with the biggest card networks across the globe. Lunar plans to have the Pismo platform in operation from early 2026.
Behind Lunar
Lunar was based in 2015 as a digital different to conventional banks. With a Danish banking license since 2019, Lunar now additionally operates in Norway and Sweden and serves over a million non-public and enterprise customers throughout the Nordics.
“Switching to Pismo means we will transfer quicker and ship higher experiences to our customers throughout the Nordics. It permits us to speed up service supply, improve the best way our customers work together with funds, and cut back our dependency on legacy techniques. This partnership offers us the flexibleness to construct and launch new merchandise independently, pushed by the pace, simplicity, and management we consider fashionable banking ought to provide,” says Ken Villlum Klausen, CEO and founding father of Lunar.
”Core banking and issuer processor capabilities are key choices for a lot of of Visa’s monetary establishments and fintech companions. With Pismo underneath our wings, we have now been in a position to broaden these choices and serve the entire ecosystem even higher in consequence. We’re more than happy to announce this cope with such an revolutionary, well-established and profitable challenger financial institution as Lunar,” says Claus Richter, nation supervisor for Visa in Denmark.
