Interblocks & West International Launch Strategic Partnership

Interblocks Ltd., a leading provider and innovator of integrated, electronic payment processing solutions, and West International, one of Sweden’s largest suppliers of transaction and payment solutions, launched their strategic partnership at an exclusive event in Colombo.

Individually both companies have a strong position in the payments solutions landscape, West with their robust range of card and terminal payments solutions, and Interblocks with their modular all encompassing suite of payment software. Working together with Interlocks software running on West hardware the companies will be able to deliver an even richer user experience to their customers.

”This is a new chapter in the evolution of West International. I am very proud to initiate this strategic partnership with one of the leading payment processors in Asia and the Middle East. I have great expectations about how Interblocks and West together will innovate the payment market in the region and make electronic payments available to everyone,” says Sten Karlsson, CEO of West International.

In addition to strengthening their product offering, the partnership will also open up new markets to both companies, with Interblocks bringing in strong links within the Asian and Middle Eastern Markets and West bringing in their strong network in the European, Pacific and African markets.

“The synergies between Interblocks and West go beyond the complementary nature of our products. There is a strong synergy between the two companies in terms of our commitment to building long term partnerships with our customers, and focus on creating future proof solutions, both companies are large enough to be at the cutting edge of technology and small enough to retain our customer oriented approach. I believe this similarity in values will really set us apart in the market and is a strong foundation for a successful partnership,” said Dinesh Rodrigo, CEO, Interblocks Ltd.

West International is one of Sweden’s largest suppliers of transaction and payment solutions. With a main focus on card payments, West supplies solutions that help the company’s customers to make trade in physical environments more efficient. Founded in 1988, the company has customers throughout Europe, Asia and Africa in the areas of retail, hospitality and retail banking. The company has been listed on Nasdaq First North Stockholm since 2007.

Interblocks is a leading provider and innovator of integrated, electronic payment processing solutions that empower Banks and Financial Service Providers across global markets. Since its beginnings in 2000, Interblocks has blazed the trail in the payments industry. Having pioneered the use of the IFX-XML standards in their software in 2001, Interblocks has focused on the consumer experience to build a platform for financial transactions that anticipate user requirements for conducting secure and fast financial transactions across a multitude of channels. The company continues to expand and spread its wings across borders with its portfolio of transaction management solutions.