ABN Amro signs a merchant services agreement with Buckaroo.

Leading omnichannel Payment Service Provider ("PSP") Buckaroo and ABN AMRO have partnered strategically, with Buckaroo serving as the bank's sole supplier of innovative merchant payment services.

Madilyn Swift

February 29, 2024

1Min Read

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Payments

Keensight Capital, a premier private equity fund focused on pan-European growth buyout transactions, is supporting this alliance.

ABN AMRO and Buckaroo's exclusive relationship is a big step toward changing omnichannel payment and merchant services in the Netherlands. For ABN AMRO's varied customer, which ranges from small and medium-sized businesses to major corporations, Buckaroo will be the exclusive supplier of online and point-of-sale merchant services.

One of the top three Dutch banks, ABN AMRO, is integrating its whole portfolio of debit card acquisition contracts into Buckaroo in a major expansion move. This development solidifies Buckaroo's position as the top PSP in the Benelux area and reinforces both companies' commitment to providing excellent payment services.

Through the collaboration, ABN AMRO's customers may take use of Buckaroo's cutting-edge and comprehensive offering, which includes a wide range of payment options like iDeal, Mastercard, VISA, AMEX, Bancontact, ApplePay, WeChat, and PayPal. Recurring payments, "buy now pay later" alternatives, and cutting-edge point-of-sale systems like SoftPos (which accept payments on smartphones) are all included in Buckaroo's advanced capabilities.

"With this partnership, Buckaroo is positioned as the ideal payment facilitator for ABN AMRO's clientele," stated Paul Scholten, CEO of Buckaroo. We are committed to providing our 30,000+ corporate and SME clients with reliable, cutting-edge solutions and first-rate services.

"We are delighted to support Buckaroo in this transformative partnership and are eager to witness the synergistic growth of both firms as they innovate the payments sector in the Netherlands," said Stanislas de Tinguy, partner at Keensight Capital.