PayEx chooses Banqsoft’s software as a “Finance engine” for the introduction of sale by installments at Net shops.

PayEx is Scandinavia's leading experts in payment processes, and is one of the leading providers of outsourcing services for payment processes worldwide, with a unique and comprehensive expertise. Their business areas range from standardized payment services to tailor-made systems according to complex, customer-specific requirements.

NetOnNet is a leading supplier of electro domestic products on the internet and was the first European player in this highly competitive market. In order to broaden their offerings to also include sale by payment installments NetOnNet has chosen to collaborate with PayEx.

Prior to the Christmas shopping season, NetOnNet has released this new payment method "pay by installments" and "invoice" through its own finance company NetOnNet Pay AB. PayEx has been the developer of these services together with Banqsoft.

According to Jörgen Pettersson of PayEx AB this intensive project has been a success and the turnover generated through the new product has been very satisfactory from the introduction in the beginning of November 2007.

Banqsoft is very pleased to be chosen as the system solution provider when the leading provider of payment processes decided to further improve their product offerings.