June 20, 2025
COSMOTE Introduces Enriched Transactions for a More Transparent Banking Experience
Athens, Greece / London, United Kingdom – 26 June 2025.
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.
“At COSMOTE Payments, we’ve always been committed to driving innovation in the payments sector. 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.”
Alexis Vaitsos, CEO at COSMOTE Payments
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.
“Strengthening our presence in Greece through our work with COSMOTE Payments marks an important step in our European growth strategy”, said Ken Hart, CEO & Founder at Snowdrop Solutions. “Their leadership in digital payments makes COSMOTE an ideal partner to deliver enriched transaction insights to more users across the region.”
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.
The integration is already live and available to payzy users in Greece, enabling COSMOTE Payments to deliver clearer, more intuitive digital payments experiences today.
About COSMOTE Payments
COSMOTE Payments is a subsidiary of the OTE Group, part of Telekom Group, and a leading provider of digital payment solutions in Greece. Licensed as an Electronic Money Institution (EMI), COSMOTE Payments offers a wide range of services including e-wallets, peer-to-peer payments, card issuance, and merchant acquiring. With a strong presence across Greece, the company plays a key role in the digital transformation of the region’s financial ecosystem. COSMOTE Payments combines the reliability of a major telecoms group with a strong commitment to innovation, security and customer-centric financial experiences.