DIBS enters into cooperation with German company Pago

DIBS enters into cooperation with German company Pago

DIBS Payment Services AB (publ), listed on First North, has entered into a
partnership agreement with German payment service company Pago eTransaction
Services GmbH. This cooperation means that DIBS can now offer its customers the
German GiroPay payment method. This cooperation also means that Pago will be
assisting with local card acquisitions in Germany.

GiroPay, which resembles the Swedish model involving Internet bank payments, is
the payment method undergoing the strongest growth in the field of e-commerce in
Germany. The service saw a growth in excess of 200 % on the German market in
2007. 

“We have been offering our e-commerce stores the opportunity to accept payments
using OELV, Germany's biggest payment method, since 2002. Now we have a complete
solution for accepting payments from German e-commerce consumers. This
partnership with Pago is also in line with our strategy, which involves growth
towards northern Europe with our existing customers. In our latest customer
survey, more than 40 % of our customers said they are interested in expanding
their businesses in Germany,” says Eric Wallin, Managing Director of DIBS. 

Pago eTransaction Services GmbH of Cologne in Germany is a payment services
company founded in 1999. Pago provides regional payment methods for a range of
countries and offers its services via international partners. Pago's services
are used by more than 6 000 clients in Europe.

“We are very pleased that DIBS has elected to become one of our partners. I am
quite sure that our products will reinforce DIBS' market-leading position in the
Nordic Region,” says Jürgen Herold, Managing Director of Pago eTransactions
Services.<B>For more information please contact: </B>
Patrik Müller, Head of Marketing, tel. +46 8 527 525 33 or e-mail:
patrik.muller@dibs.se


DIBS Payment Services is the leading Nordic independent supplier of secure,
functional, and innovative online payment services for business and commerce.
DIBS manage more than 7'000 customer transactions daily and has offices in
Stockholm, Gothenburg, Oslo and Copenhagen. DIBS is listed at First North and
features the HQ Bank as a certified adviser.