Maksuturva

Originally established as Maksuturva Group Oy in 2007, the company built a strong presence in Finland as a specialized payment institution. A significant milestone occurred in May 2018 when Svea Ekonomi, a major Northern European financial services group, acquired 90% of Maksuturva Group Oy and its subsidiary, Maksuturva ICT Services Oy. This strategic acquisition merged a leading Finnish e-commerce payment provider with an international financial entity, with the goal of expanding its intelligent payment services across the Nordic region and Northern Europe. Following the acquisition, the company was rebranded to Svea Payments Oy and operates as a subsidiary within the Svea Bank Group, under the supervision of the Finnish Financial Supervisory Authority (FIN-FSA).

Svea Payments operates in the fintech sector, providing comprehensive online payment solutions for e-commerce businesses. The company serves a diverse client base, from small web stores to major international corporations like Zalando and Holiday Club. Its business model centers on offering a single, integrated platform for various payment methods, generating revenue through transaction fees and service charges. The technical backbone of the service is managed by its own development company, Svea Development Oy, along with certified partners, ensuring secure and reliable transaction processing.

The core service is a versatile payment gateway that simplifies online transactions for merchants. It supports a wide array of payment methods crucial for the Finnish market, including all major online bank payments, credit/debit card transactions, MobilePay, and invoice or installment payment options for both consumers (B2C) and businesses (B2B). For invoice payments, Svea carries the credit risk, paying the merchant promptly while managing the invoicing and collection process with the end customer. A key feature is its robust and customizable return handling system, which allows merchants to efficiently manage full or partial refunds directly through an extranet service or a technical interface. The platform is designed to be responsive for mobile users and integrates with popular e-commerce platforms like WooCommerce, Magento, and Shopify through dedicated modules and APIs.

Keywords: Svea Payments, Maksuturva, online payment services, Finnish fintech, e-commerce payments, payment gateway, payment institution, FIN-FSA, invoice payments, B2B payments, online banking payments, mobile payments, credit card processing, e-commerce solutions, payment service provider, Nordic payments, return handling, financial services, Svea Ekonomi, online transactions