DIMOCO PSP becomes independent and licensed Mastercard merchant acquirer

DIMOCO Payment Services today announces the completion of the process to become a member of Mastercard. As an independent and licensed merchant acquirer, DIMOCO integrates credit card acceptance and payment processing with a single contract, connection and settlement. According to the time table of the company, the membership approval process with other leading international schemes are ongoing, and finalisation is to be expected in Q4 2019.

Since its foundation in 2016, the Vienna-based company has developed into a PSD2 compliant payment institution and payment service provider with a comprehensive range of features and services. The latest achievement in receiving the Mastercard membership supports its strategy to position itself as a payment service provider and independent, standalone acquirer with a personal approach and high flexibility.

“We always focus our activities on our merchants, partners and their business needs. Our personal touch and commitment have always made us stand out from the PSP crowd. With the new setup, we bring now our merchants as close as possible to the scheme network,” says Boris Kersten, Managing Director at DIMOCO Payment Services.

Christian Rau, General Manager at Mastercard Austria, adds ”We are excited about DIMOCO’s merchant acquiring services leveraging our network to further drive the digitization of the economy, offering new services to E-com merchants across Europe.”

Besides its acquiring services, DIMOCO Payment Services continues being a strong partner for e-commerce merchants to offer a perfect payment methods mix out of a steadily increasing portfolio of 100+ alternative payment options such as carrier billing, online bank transfers, SEPA direct debit, cryptocurrencies and a variety of other global and local payment methods.

Author: Yash Hirani

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