Dimoco Payment Services has announced the completion of the process to become a member of Mastercard.

As an independent and licensed merchant acquirer, Dimoco integrates credit card acceptance and payment processing with a single contract, connection and settlement.

According to the timetable of the company, the membership approval process with other schemes are ongoing, and finalisation is to be expected in Q4 2019.

Since its foundation in 2016, the Vienna-based company has developed into a PSD2 compliant payment institution and payment service provider with a comprehensive range of features and services.

The latest achievement in receiving the Mastercard membership supports its strategy to position itself as a payment service provider and independent, standalone acquirer with a personal approach and high flexibility.

Boris Kersten, managing director at Dimoco Payment Services, said: "We always focus our activities on our merchants, partners and their business needs. Our personal touch and commitment have always made us stand out from the PSP crowd. With the new setup, we bring now our merchants as close as possible to the scheme network.”