Fintech Payer start-up selected by Returpack to digitize payments as part of the national recycling program


STOCKHOLM, April 19, 2021 / PRNewswire / – Returpack is the company that facilitates the deposit of more than 2 billion recyclable PET bottles and cans in Sweden through a network of reverse vending machines. The fintech startup Payer was chosen to develop an innovative new IoT technology with the ambition to create an easy digital payment experience for consumers. The digital solution, based on the Payer API payment platform, is now being deployed through Sweden.

Returpack is since the 1980s the company which manages the national deposit system in Sweden. More than 2 billion containers are recycled by Returpack each year.

The system operates efficiently such that the deposit is added to the price when a consumer purchases a single-use beverage container in the retail store. The deposit is returned to the customer at the collection point via a reverse vending machine. Traditionally, the consumer gets a physical voucher which is printed from the machine and which can then be used for retail purchases.

88% of bottles and cans sold in Sweden are recycled through this program. Returpack is constantly simplifying and making the system more accessible to the consumer. One of the areas for improvement is to reimburse the deposit other than using the traditional good paper. Digital transfer directly to the consumer’s bank account is a simple solution that also follows the trend of digitization in society.

A machine-to-consumer payment system

Pay was chosen to develop the core engine, a machine-to-consumer digital payment solution directly to consumers’ bank account that was created using Payer‘s modular API payment platform. The solution works by combining the machine, the cloud and a mobile application. The application is developed for iOS and Android. The first registration and configuration of the recipient bank account takes less than a minute. The user scans a QR code after completing a session and the funds are quickly deposited into the bank account.

In the first phase of deployment, 57 machines are designed to receive bulk deposits. These “Pantamera Express” machines received 90 million containers in 2020. 30% of users converted to the digital payment solution during the pilot phase. Returpack believes that the conversion rate will increase rapidly as awareness of the solution increases in the population.

– Pantamera Express machines are an important part of our development of the future deposit system in Sweden. Here we had the opportunity to test a new digital solution on a large scale and now we can offer a simple and secure transfer of funds to the consumer’s bank account, explains Carita Carlsson, Product Manager at Returpack.

– The payer was very responsive to our needs and we felt confident during the life of the project that they would provide a stable and secure solution for our digital disruption service, says Henric oscarsson, Head of Development at Returpack.

РWe are incredibly proud to have had the confidence to develop the next generation digital payment solution for the Swedish Deposit Return System, a system that all Swedes have a relationship with and contribute to. We look forward to continuing to work closely with the Returpack team in the future, states P̩der Berg̩, CEO and founder of Payer.

Read the technical case study here


For more information and interview requests, please contact: Stefan Backlund CMO, [email protected]

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SOURCE Payer Financial Services AB


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