Inbank Partners with Montonio for Exclusive Checkout Solution Offering

Financial institution Inbank has announced an exclusive partnership with Montonio, a leading checkout solution provider in Estonia. The initial phase of the partnership will be launched in Estonia with plans for future expansion into other markets.

Montonio’s Checkout Solution

Montonio offers a variety of payment and ecommerce services to merchants. These include bank payments, card payments, pay later services, and financing. These services have been designed to allow merchants to manage various ecommerce transactions seamlessly and provide consumers with flexible financing options.

Inbank’s Role in the Partnership

As part of this new partnership, Inbank will exclusively provide pay later and financing services through Montonio’s checkout. Piret Paulus, Inbank’s Head of Growth and Business Development, expressed that the company always looks for smart solutions, and sometimes they choose to work with highly competent partners. She mentioned that while their strategic partners might lack expertise in financing, Inbank can step in and provide the necessary support.

The Need for a Full Checkout Solution

According to Paulus, current and potential partners have stressed the need for a complete checkout solution. The search for a strategic partner capable of delivering an exceptional solution led them to Montonio. The firm’s technological capabilities and user-friendly interface make it an excellent choice for offering a comprehensive checkout solution.

“Buy Now, Pay Later” Trend

Montonio’s CEO and co-founder, Markus Lember, highlighted that “buy now, pay later” options have revolutionized consumer shopping habits by offering increased flexibility. This trend has seen particular growth in 2024, particularly among younger shoppers who appreciate the ability to spread payments over time without incurring interest. Lember notes that this trend not only provides consumers with more purchasing power but also encourages retailers to seamlessly integrate these options into their payment systems.