ABN AMRO-Buckaroo giving retailers better access to innovation

The payments market is developing ever faster, with digitalisation, convenience, speed, flexibility and security high on the list of users’ needs. As part of the new collaboration, Buckaroo will be taking over all PIN transactions carried out by ABN AMRO clients. The transfer will take place in phases, and will enable brick-and-mortar retailers and webstores to use a wide array of financial services that make in-store and online payments even easier.

Erica Kostelijk, Director of ABN AMRO Transaction Banking: “ABN AMRO gives clients the best possible support to make their business a success in this rapidly developing market – from new shop owners to large online or high street stores. Buckaroo’s focus on service and flexibility is a good match for this. Buckaroo is a partner that delivers innovative payment services to small and medium-sized enterprises (SMEs) and corporates alike, guided by the same client focus and entrepreneurial spirit as ABN AMRO.”

Paul Scholten, CEO of Buckaroo: “We are thrilled with this unique partnership. Buckaroo is the ideal payments partner for ABN AMRO’s clients. We serve more than 30,000 corporate and SME customers with a wide range of omnichannel payment solutions – from in-store to online payments and from support with subscriptions to credit management. Also, being a Dutch company, it’s in our nature to offer the kind of high-quality, local service customers deserve.”

The synergy between ABN AMRO and Buckaroo will benefit clients directly, giving them access to a wider range of payment services including PIN terminals, credit cards and online payment methods such as PayPal, Klarna, Riverty, Sofort, Bancontact and Apple Pay. In addition, they can use extra services to optimise in-store and online payments thanks to the technical integration options offered by online platforms like Magento and Shopware. Buckaroo and ABN AMRO share the ambition to further grow their portfolios of both SME and large corporate clients in the coming years.

ABN AMRO is a Dutch bank for retail, business and private banking clients, offering a full range of financial products and solutions. Our focus is on Northwest Europe. ABN AMRO’s purpose is Banking for better, for generations to come. Headquartered in Amsterdam, the bank serves over 5 million clients and employs over 24,000 people.

Since its establishment in 2005, Buckaroo, based in Utrecht, has grown to become one of the leading providers of online and in-store payment solutions in the Netherlands and Belgium. Buckaroo serves more than 30,000 corporate and SME customers with the development of their payment strategy, and handles a total trading volume of over 14 billion euros. Since the acquisition of SEPAY, Buckaroo has its own network of 20,000 fixed and mobile PIN terminals. Buckaroo is owned by Keensight Capital, a European investor in fast-growing tech and healthcare companies.