# BOKIS and Nets Renew Agreement on International Payment Cards
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2019-01-11
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: BOKIS and Nets Extend Agreement for International Payments
Meta Description: Discover how BOKIS and Nets are working together to provide efficient and stable card infrastructure for Danish banks, with improved terms and lower costs
URL: https://financedigest.com/bokis-nets-renew-agreement-international-payment-cardshtml

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BOKIS, a Danish banking collective, and Nets, a market leader in the payments industry, have extended their existing agreement on handling payments with international cards. The agreement ensures that regional and nationwide banks in the [BOKIS](https://www.financedigest.com/danish-consumers-can-now-pay-with-dankort-on-their-mobile.html) association, comprising 40% of the Danish payment card market, can continue to benefit from an efficient and stable card infrastructure.

Nets will facilitate international payment card transactions for BOKIS, a collective with more than 50 members, and provide better terms and a dedicated platform to combat card fraud until 2021.

We are pleased that with the agreement we can offer our banks better terms and lower overall costs over the [next few years](https://www.financedigest.com/suedzucker-expects-to-raise-its-sugar-prices-again-next-year.html "Suedzucker expects to raise its sugar prices again next year"). This is important in a highly competitive market,” says SørenNicolaisen, Director of [National Banking](https://www.financedigest.com/swiss-national-bank-raises-rates-says-bank-crisis-stopped.html "Swiss National Bank raises rates, says bank crisis stopped"), BOKIS.

In recent years, together with Nets, we have developed new [digital solutions](https://www.financedigest.com/bny-mellons-new-solution-leads-the-digital-bill-pay-revolution.html "BNY Mellon’s New Solution Leads the Digital Bill-Pay Revolution") that provide better customer service while reducing costs for banks, for example in cardholder disputes. To continue this, we have decided to renew the existing agreement for three more [years,” says](https://www.financedigest.com/veterinary-suture-kit-market-will-generate-new-sales-opportunities-in-upcoming-year-says-fact-mr.html "Veterinary Suture Kit Market Will Generate New Sales Opportunities In Upcoming Year, Says Fact.MR") Jan Kondrup, Director of Local Banks, BOKIS.

The previous [agreement,](https://www.financedigest.com/astrazeneca-signs-2-billion-agreement-with-quell-to-develop-cell-therapies.html) signed in 2014, has been expanded to include new [services which help to prevent card fraud](https://www.financedigest.com/how-speech-recognition-and-ai-are-fighting-fraud-in-financial-services.html "How speech recognition and AI are fighting fraud in financial services "), such as Smart Block and Consumer Protection.

Nets too, is looking forward to the continued cooperation.

It should be easy for banks to offer simple and intuitive customer solutions in a [payment market](https://www.financedigest.com/contactless-payments-spirit-willing-but-is-the-market.html "Contactless Payments: Spirit Willing but is the Market?") that is becoming more and more complex. We are pleased to be extending our partnership with the banks in the BOKIS association, thus giving us the opportunity to continue our joint [development of new solutions that make everyday business](https://www.financedigest.com/dan-hodgson-joins-verasity-as-director-of-business-development.html "Dan Hodgson joins Verasity as Director of Business Development") easier for cardholders,” says Thomas Jul, Head of Financial & Network Services, Nets.


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