Transact Pro, in cooperation with Holm Bank, launches a new Mastercard Hire Purchase Card in Latvia

11 Jan 2021

Holm Bank selected Transact Pro as their payment technology solution provider to match their ambitious plans to create and launch a new card solution, MasterCard Hire Purchase Card in Latvia. The  Hire Purchase Card is available for shopping in brick and mortar stores as well as online shops. The Hire Purchase Card is equipped with 3D secure payment authentication protocol to increase safe transactions. The Hire Purchase Card offers many assets for customers such as – no initial fee, no  monthly fees, no interest on purchased for the first 15 days and there are no restrictions on the types of purchases. 

About Holm Bank 
Holm Bank AS (trademark Holm) is a credit institution licensed by European Central Bank and acting under Estonian FSA (Financial Supervisory Authority) supervision, primarily focusing on consumer credit. Holm Bank Latvia SIA is a subsidiary of Holm Bank AS. Holm Bank Latvia SIA is not a credit institution, but a provider of consumer lending services.

About Transact Pro
Transact Pro is licensed by the Latvian Financial and Capital Market Commission as an electronic money institution and authorized to operate in each European Union Member State with the right to provide the payment services listed under the license. Transact Pro is a principal member of Visa and Mastercard, owns their in-house payment processing center and a proprietary PCI DSS 1 compliant payment gateway.