Silverflow and Griner expand acquiring partnership across Europe

Silverflow and Griner have expanded their partnership to support card acquiring processing across additional European markets. The cooperation builds on an initial rollout in Cyprus, where the companies have already launched their joint processing setup.

Following the Cyprus deployment, Silverflow and Griner are preparing further projects in Europe. The companies have not disclosed the next countries, but additional implementations are already in progress.

Cloud-based acquiring infrastructure supports expansion

The partnership responds to growing pressure on acquirers to modernise legacy processing infrastructure while improving merchant onboarding and processing capabilities. For Griner, the cooperation with Silverflow provides a way to scale acquiring services without building the entire processing stack in-house.

Silverflow provides a cloud-based acquiring platform, positioned as an alternative to traditional on-premise processing infrastructure. The model is designed to give payment processors more flexibility when expanding into new markets or adding processing capacity.

Early results from the Cyprus launch

According to the companies, the Cyprus launch has already delivered measurable operational improvements. Transaction volumes have increased month on month as more merchants have joined the platform, while onboarding times have fallen compared with Griner's previous infrastructure setup.

The companies also point to the rollout as evidence that a cloud-based acquiring platform can support both domestic and cross-border processing when combined with a global payments processor. Specific transaction volumes and onboarding metrics were not disclosed.

Sveta Bulshtein Krasnov, Chief Commercial Officer at Griner Finance Ltd, said the company needed a technology partner that could keep pace with its growth. She added that the Cyprus launch allowed Griner to meet the commitments made to merchants from the first transaction.

Nigel Thacker, Chief Commercial Officer at Silverflow, said Griner had converted its operational speed into results in Cyprus while maintaining existing merchant relationships during the scaling process. He added that the role of a cloud-based acquiring platform is to allow processors such as Griner to focus on their own areas of differentiation.

Further European expansion planned

Griner is preparing to enter additional European markets with Silverflow's infrastructure, according to the companies. New projects are already underway, although the specific markets have not yet been named.

The partnership reflects a broader trend among payment processors and PSPs that are looking for acquiring infrastructure that can be deployed without major internal development. Demand is being driven by the need for faster merchant onboarding, easier scaling and stronger cross-border processing capabilities across Europe.