COSMOTE Payments Introduces Enriched Transactions for a more transparent Digital Banking Experience

COSMOTE Payments, a leading force in digital payment innovation in Greece and subsidiary of OTE Group, has joined forces with Snowdrop Solutions, a UK-based provider of transaction data enrichment technology, to bring enhanced clarity and transparency to payment transactions.

This collaboration strengthens COSMOTE Payments’ commitment to delivering innovative digital services while reinforcing Snowdrop’s presence in the Greek financial ecosystem.

Known for its innovative role in the Greek payments market, COSMOTE Payments disrupted the industry early on by introducing to the market, back in late 2022, payzy, an innovative digital solution for all daily payments and transactions and has maintained a key position through continuous investment in innovation. 

Through this partnership, COSMOTE Payments now offers enhanced, -enriched transaction insights to its customers. Powered by Snowdrop’s enrichment API (known as the MRS API), the solution cleans and clarifies transaction data — such as merchant names, logos, and categories providing users with transparent and more meaningful information about their spending. —. This context allows users to better understand and trust their spending history, reducing confusion and improving digital banking engagement. Future updates will integrate location-based insights and merchant contact information, further enhancing transparency and engagement for customers.

“At COSMOTE Payments, we’ve always been committed to driving innovation in the payments sector,” said Alexis Vaitsos, CEO at COSMOTE Payments. “By working with Snowdrop Solutions, we are offering next-generation transparency and ease-of-use to our customers, helping reshape the digital payments experience in Greece and beyond.”

This partnership consolidates Snowdrop Solutions’ role as a trusted provider in the region, expanding its collaboration footprint in Greece and deepening its reach across Southern Europe.

“We’re proud to further strengthen our presence in Greece through our work with COSMOTE Payments,” said Ken Hart, CEO & Founder at Snowdrop Solutions. “Their leadership in digital payments makes them an ideal partner to bring enriched, transaction insights to more users across the region. It’s a significant step in our European growth strategy.”

The integration is already live and available to payzy users in Greece, enabling COSMOTE Payments to deliver clearer, more intuitive digital payments experiences today.