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Aktia Bank to expand cooperation with R-kioski

Aktia Bank Plc said April 11 that its cooperation withR-kioski will be expanded when R-kioski transfers its payment processingoperations to Aktia Bank in the summer of 2016.

The lender said the cooperation, whichwas initiated just before Christmas 2015, has been profitable, leading todiscussions regarding its expansion. R-kioski's branches include Aktia's MasterCard prepaidcards in its product range as part of the current arrangement.

Aktia Bank is developing a range ofproducts and services in different channels. "The next step will be to seewhich of the bank's service packages fit into R-kioski's product range,"said Carl Pettersson, a director of Aktia Bank's executive committee.

R-kioski is a franchise-driven storechain.