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News : Contis Group Opens Baltic Headquarters
Jan 22, 2014 -- In response to market demand for its integrated prepaid, debit and loyalty payment solutions, Contis Group, onea European e-money institution, has extended its international business development footprint with a new Baltic Region HQ in Riga, Latvia.
The new office, together with the appointment of Country Director, Baltics, Scandinavia and Eastern Europe, Ingrida Kovalioviene, is reflective of the group's increasing corporate investment in Eastern Europe and its neighbouring countries.
Based in Riga, Kovalioviene, formerly deputy CEO at JSC SNORO Lizingas, a consumer finance companies, will consolidate existing Contis business in the region and drive new growth for the Group, focusing on major accounts in vertical markets such as banking, transportation, retail and postal services.
"Contis Group demonstrated its innovative powers to this region last year, with the ground breaking airBaltic Visa Payment Card," comments Kovalioviene, whose business development remit covers the Baltics, Poland, Scandinavia and CIS countries. "This was a product that showed major companies in the region that integrated payment and loyalty solutions can be used to extend their brand, generate revenues and drive greater value in their customer engagement. As a model, it holds vast potential for this region. The need for innovative payment methods and instruments is evident across multiple industries in this region.
Commenting on Kovalioviene's appointment and the opening of the regional Riga-based office, Peter Cox, E Executive Chairman of Contis Group adds: "Investing in local market knowledge and expertise is critical to the Group's continued global expansion. Adding a regional HQ to our existing local language call centre facility, also in Riga, will enable us to establish a strong business development and account management resource to support our continued growth. Ingrida's extensive executive experience with institutions like JSC SNORO, AB Parex Bankas and Nordea Bank make her the ideal figurehead for the region. We warmly welcome her to the Contis Group."
Posted by Veronica Silva Cusi, news correspondent
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About Contis Group:
With head quarters in Skipton, UK, Contis Group has also established a wholly owned software development and payment processing arm based in Ahmedabad, India. The Group maintains total end-to-end ownership of all implementation and programme management processes required to effectively launch and operate a Visa prepaid or debit card initiative: BIN sponsorship, card issuance, payment processing and administration management.
Published: Thursday, January 23, 2014