Kvanto Payment Services Ltd.

Former NETS IT Director Added to Support Current Growth

COPENHAGEN, Denmark, April 29, 2021 (GLOBE NEWSWIRE) -- Kvanto Payment Services A/S, a wholly owned operating subsidiary of Canadian based Kvanto Payment Services Ltd. ("Kvanto") are pleased to announce the appointment of Mr. Lars Studstrup to the Company’s Board of Directors. Mr. Studstrup was the former IT Director of NETS – Denmark, one of Europe’s largest financial payment processor, and brings significant experience to Kvanto as it enters into its current phase of growth. Under Studstrup’s leadership, seven Nordic IT departments have seen a yearly OPEX budget of over 500 million DKK.

Studstrup has been CIO and member of Group Management for 20 years at Royal Greenland, DISA (former Dansk Industri Syndikat A/S), and a company within the MAERSK group. As a specialist in operational efficiency and maturity, enterprise infrastructure, compliance, project and programme management, Studstrup has worked in over 20 countries throughout Europe, Asia and North America. He holds degrees in computer science and management information systems from Aarhus University and St. Cloud State University.

"It is truly a pleasure to have Mr. Studstrup accept appointment to our Board," CEO of Kvanto, Jesper Skorstengaard, said. "Mr. Studstrup brings vast experience from the financial sector, which will be a definite asset to assist Kvanto achieve our ambitious goals," he added.

Studstrup has been an advisor for Kvanto in the past and has participated in negotiations with Mobileware Technology Inc. regarding its acquisition and the implementation of the Kvanto gateway to support Kvanto’s ardent growth in India.

"I’ve been involved and have followed Kvanto for some years now and it’s good to finally officialise it," said Studstrup. "Kvanto has been undergoing an amazing development, and I agree with their vision and strategy. I really look forward to working with them and offering my experience to work towards it."

Mr. Studstrup replaces Mr. Brian Gjerstrup who recently stepped down from his board responsibilities. The Company would like to wish the best to Mr. Gjerstrup and thank him for his contributions and the time he spent with the company.

About Kvanto Payment Services:

Kvanto commenced operations in 2012 to compete in the rapidly changing digital payment solutions market. Client adoption proves Kvanto has the solutions to compete.

Kvanto has positioned itself as a premium European multi-connectivity payment service provider (holding a PSP-ISO), with a world-recognized payment gateway which integrates leading acquirers who handle different payment methods and payment cards linking to online and offline business efficiently, affordably and reliably.

The Kvanto organization boasts several decades of experience within the payment and financial industries. It’s extensive network of partners and collaborators across the world is one of the key reasons why Kvanto is able to provide customers with a payment solution no matter where they operate from.

Kvanto Payment Services AS based in Denmark, is a 100% operating subsidiary owned by Kvanto Payments Services Ltd in Canada.

For Further Information Contact:

Kvanto Payment Services A/S

CEO, Jesper V. Skorstengaard
Phone: +45 4033 3396
Mail: jvs@kvanto.com
www.kvanto.com 

Disclaimer

All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Kvanto Payment Services A/S is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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