ABN Amro partners Dutch paytech Buckaroo for merchant payment services

The collaboration between ABN Amro and Buckaroo represents a strategic move by the bank to strengthen its position in the rapidly evolving payment services market. Buckaroo, a payment solutions provider with a comprehensive suite of offerings, has been chosen by ABN Amro to manage its debit card acquiring contracts for retail business clients. The partnership includes the phased transfer of all PIN transactions to Buckaroo.

Buckaroo, founded in 2005 and headquartered in Utrecht, the Netherlands, provides a diverse range of payment solutions such as iDEAL, SoftPOS, recurring payments, payment terminals, PayByBank, and buy now, pay later (BNPL). This collaboration aligns with ABN Amro’s objective of offering enhanced payment support to its clients in the face of a rapidly changing market.

Erica Kostelijk, the Director of ABN Amro Transaction Banking, sees Buckaroo as an ideal match for the bank’s goals. The move is part of ABN Amro’s broader initiative to expand its payment capabilities and establish strategic partnerships within the industry. This strategic approach is consistent with the bank’s actions in 2023, where it collaborated with Infosys Finacle to enhance commercial cash flows for corporate clients and engaged private equity firm Motive Partners to manage its ventures fund. Additionally, ABN Amro strengthened its presence in the retail investment space by acquiring Dutch neobroker Bux.

In summary, the partnership with Buckaroo is a significant step for ABN Amro as it actively seeks to enhance its payment services, strengthen industry collaborations, and adapt to the evolving financial landscape.

Read more

Share this Article
Related Insights
Holland Fintech Digital Transformation Paper 2024
Holland Fintech is proud to present the Digital Transformation Paper 2024. This whitepaper, led by the Holland Fintech working group Digital Transformation in collaboration with Accenture, provides valuable insights into the dynamics and key factors influencing successful collaborations between fintechs and incumbents.
Holland Fintech Pavilion at Money 20/20
Money 20/20 – Join our Pavilion! The Holland Fintech Pavilion offers a unique opportunity to connect with a global audience of fintech professionals. Located at the heart of Money 20/20, the pavilion provides a central hub for networking, collaboration, and exposure.
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 2-4 October 2024! Be a sponsor, co-organizer, or just participate in our community events.

How likely are you to recommend Holland FinTech?