Latest news with #BusinessSweden
Finextra
5 days ago
- Business
- Finextra
Zimpler becomes Certified Payment Institution in Brazil
Zimpler, a leading Swedish company in Pay-by-bank solutions, has become a certified Payment Institution (PI) in Brazil, authorized by the Central Bank. 0 Now Zimpler is allowed to facilitate payments and other Open Finance ecosystem resources, streamlining the checkout process and reducing friction by allowing direct transactions without redirecting users to bank apps. This movement solidifies Zimpler's plans and structure in Brazil. 'We are thrilled to receive this authorization from the Brazilian Central Bank. The recognition of Zimpler as a payment initiator reinforces our commitment to this local market, which offers a great opportunity for growth and value in a very dynamic and competitive environment', says Johan Strand, CEO of Zimpler. The authorization, which also allows Zimpler to act as an electronic money institution, strengthens the Open Finance ecosystem in Brazil, one of the most advanced in the world and which now welcomes the leading payments fintech from Sweden. Businesses looking to thrive in the country can now benefit from the Zimpler's seamless payment experience, giving them a competitive edge in a dynamic and fast-moving market. 'This milestone showcases the strength of Swedish innovation and the mutual benefits that come from closer economic collaboration between Sweden and Brazil,' said Andreas Rentner, Trade Commissioner and Country Manager of Business Sweden in Brazil. 'Sweden has long been a leader in financial technology, and we are proud to see companies like Zimpler bring their experience and trusted solutions to contribute to Brazil's dynamic digital economy.' The Brazilian Open Finance ecosystem has more than 64 million active consents and more than 42 million clients, according to the Open Finance Brasil website. As one of the most innovative markets, it keeps attracting leading fintechs from all over the world. One of them is Zimpler, which has recently become the first payment initiator for Swish, the Swedish equivalent of Pix, revolutionizing Sweden's financial ecosystem and turning the company into one of Europe's leading payments fintechs. 'With our experience powering over 80% of Sweden's population through Swish, we're bringing the same proven technology and approach to Brazil through Pix, one of the most successful real-time payment systems in the world. We're looking forward to helping businesses unlock the full potential of Open Finance in Brazil with seamless, secure payments that drive market growth', Strand added. The authorization by the Central Bank is another step in strengthening Zimpler's foundation in Brazil, following the opening of its São Paulo office in 2022. The company remains focused on expanding its footprint and deepening its partnerships across key verticals such as iGaming, where it sees strong growth potential.
Yahoo
22-05-2025
- Automotive
- Yahoo
KPIT opens new technology centre in Sweden
KPIT Technologies, an automotive software and mobility engineering firm, has opened a new technology centre in Gothenburg, Sweden to 'drive innovation in mobility'. This marks a significant step in the company's strategic expansion, establishing a presence in the Nordics and reinforcing its commitment to European automotive OEMs. Located in Lindholmen Science Park, the heart of Sweden's automotive and mobility R&D, the new centre is surrounded by industry leaders, academic institutions, and start-ups. This strategic move is a testament to KPIT's vision to reimagine mobility in collaboration with clients, talent, and partners. KPIT president and joint MD Sachin Tikekar said: "Our vision is to reimagine mobility for a cleaner, smarter and safer world. Sweden is a powerhouse of innovation, especially around safe and sustainable mobility, with Gothenburg at its epicenter. "Our presence here allows us to be physically closer to leading Swedish and European OEMs, enabling faster collaboration and solving their core business challenges with our software, hardware design and manufacturing engineering capabilities. "We are excited to work with local talent, harness Sweden's focus on technology and green transition, and co-develop solutions for challenges of mobility OEMS globally." For over two decades, KPIT has been a strategic partner to top European mobility OEMs. The company's expansion into Sweden enhances its existing network, which includes centres in Germany, the UK, France, Italy, and beyond. This extension is part of KPIT's global delivery network that spans the US, Japan, China, Thailand, India, and Tunisia. The inauguration event at Lindholmen was attended by Swedish and European automotive OEMs, academic leaders, and representatives from the Swedish government, Business Sweden, and other key stakeholders. Business Region Göteborg CEO Patrik Andersson said: "This is a strategically important investment for the Gothenburg region. The fact that KPIT Technologies is expanding here strengthens the capacity of our automotive cluster and confirms our city's importance as a global hotspot in software-defined mobility and transport. "We know that the company sees great growth opportunities in Sweden. We warmly welcome their investment in Gothenburg." "KPIT opens new technology centre in Sweden" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Local Sweden
17-03-2025
- Business
- Local Sweden
Swedish foreign minister visits India to boost business and trade partnership
Malmer Stenergard is in India to take part in Raisina Dialogue, India's annual conference on geopolitics, and a roundtable of Indian and Swedish business leaders hosted by Indian Trade Minister Piyush Goyal, according to the foreign ministry. The Swedish business delegation is led by Leif Johansson, former chairman of Swedish-British pharmaceutical giant Astra Zeneca and former CEO of Volvo. 'India is an important partner to Sweden. In today's geopolitical situation, cooperation is more important than ever before. We additionally have a joint goal: that the EU and India will sign a free trade agreement before the turn of the year. It will lead to more trade and investment which create growth and jobs,' said Malmer Stenergard. On March 18th, Malmer Stenergard is scheduled to attend the inauguration of Business Sweden's new office in Mumbai, set to continue to promote Swedish exports in India. 'There is huge interest in India and we will now be able to help even more Swedish companies to realise their business opportunities in the market, in sectors such as healthcare, infrastructure, the green transition and manufacturing,' said Sofia Högman, trade secretary and Business Sweden's country manager in India, in a statement. Advertisement 'We can also support more Indian companies with investments in Sweden and contribute to new job opportunities on home turf,' she added. Business Sweden already operates trade offices in New Delhi and Bengaluru. Sweden and India have both attempted to strengthen their ties in recent years. With more than 280 Swedish companies active in India, Swedish exports to India last year amounted to 22 billion kronor, an increase of 17 percent compared to 2023. In the same period, Sweden imports from India increased 16 percent to 13 billion kronor.
