Nordic challenger bank, Lunar, will now look to start Visa card processing with Pismo‘s cloud native solutions, to develop and launch new products and solutions faster and more independently.
Over one million private and business Lunar users across Denmark, Sweden and Norway will benefit from the move to Pismo as its tech will facilitate the launch of payments and banking products within a single cloud-native platform. Differing networks, geographies and currencies will not impact the tech’s functionality.
Pismo provides easy access to Visa’s suite of Value-Added Services, from its trusted, AI-powered fraud-fighting capabilities to a digital user experience. Commenting on the news, Vishal Dalal, CEO at Pismo, says, “Speed is a key market differentiator. By adopting Pismo to process its Visa cards, Lunar will deliver a secure, seamless, and cost-effective credit card experience, while also gaining the flexibility to develop innovative features that enhance customer engagement and set the brand apart.”
Pismo, which was acquired by Visa in 2024, offers an all-in-one cloud-native platform with a broad product coverage, including core banking, payment processing, card issuing, digital wallets, lending, corporate banking, and financial asset management functionalities. The Pismo platform is card network agnostic and continues to work with the largest card networks around the globe. Lunar plans to have the Pismo platform in operation from early 2026.
Behind Lunar
Lunar was founded in 2015 as a digital alternative to traditional banks. With a Danish banking license since 2019, Lunar now also operates in Norway and Sweden and serves over one million private and business users across the Nordics.
“Switching to Pismo means we can move faster and deliver better experiences to our users across the Nordics. It allows us to accelerate service delivery, enhance the way our users interact with payments, and reduce our dependency on legacy systems. This partnership gives us the flexibility to build and launch new products independently, driven by the speed, simplicity, and control we believe modern banking should offer,” says Ken Villlum Klausen, CEO and founder of Lunar.
”Core banking and issuer processor capabilities are key offerings for many of Visa’s financial institutions and fintech partners. With Pismo under our wings, we have been able to broaden these offerings and serve the whole ecosystem even better as a result. We are very pleased to announce this deal with such an innovative, well-established and successful challenger bank as Lunar,” says Claus Richter, country manager for Visa in Denmark.
