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7

7Konto

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Resumen

7Konto is a payment company offering a closed-loop payment system and stored-value wallets under a partner's own brand. The product is distributed through partners who roll it out to their merchants.

Methods and channels

  • closed-loop payments — transactions inside one system, such as loyalty or gift balances of a retail network;
  • POS terminal payments;
  • online payments.

A stored-value wallet holds a customer's prepaid balance, which is spent at a merchant or across a chain of stores.

Partner program

7Konto invites industry players to offer its platform to merchants under their own brand. Invited partners include:

  • banks and EMIs;
  • acquirers, PSPs and processors;
  • POS vendors and retail networks.

Partners get ready-made infrastructure and extend their product line without building it themselves.

Terms

Pricing of the core service, the legal entity and onboarding steps are not published; they are covered by the partnership agreement.

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