What's New in Payments

European mobile wallets adopt Alipay QR code format to boost payment interoperability

Map of western europe

Six European mobile wallet providers — Bluecode (Austria), ePassi (Finland), Momo Pocket (Spain), Pagaqui (Portugal), Pivo (Finland) and Vipps (Norway) — have adopted a QR code format from Chinese payment provider Alipay to ensure digital payment interoperability and improve the international reach of customers’ wallets as well as boosting sales, participants have told NFCW... More



What's New in Payments

Google Pay rolls out across Scandinavia

Google Pay

Google Pay is now live in Denmark, Sweden, Norway and Finland, with support from Jyske Bank, Nordea and Revolut in Denmark, Nordea, Revolut, Monobank, Storebrand Bank and Sparebanken Sør in Norway, Nordea, Revolut, Länsförsäkringar Bank and Sodexo in Sweden and Nordea, Revolut and Edenred in Finland... More


What's New in Payments

OP Financial tests face recognition for payments in stores

OP Financial Group first in Finland to pilot facial recognition payments — OP Financial Group — “The technology compares the customer’s face to a face map captured on camera. After the customer’s face has been identified, the payment itself is simple: no mobile phone, payment card, cash or other traditional payment method will be needed.”


What's New in Payments

Nordic banks to build new payments infrastructure for instant cross-border payments

Banks are building a super-speed money highway in the Nordics — Bloomberg — “The P27 project — so-called for the 27 million people who live in Sweden, Norway, Denmark and Finland — will build on the success of smartphone payment applications that Nordic banks have already created, like Swish in Sweden, Norway’s Vipps, and MobilePay in Denmark… The aim is to make it possible to clear payments and settle accounts within seconds, regardless of currency.”


What's New in Payments

Danske Bank partners with S-Bank to expand its MobilePay service to Finland

The revolution of mobile paying begins here: MobilePay to be introduced at S Group shops — Danske Bank — “In the autumn, all Finns will be offered the possibility to pay for their shopping and collect Bonus using a mobile phone. This becomes a reality as S Group and S-Bank enable payment with MobilePay at all S Group’s grocery shops around Finland… In Denmark, MobilePay is already used by 65 banks and more than 90% of all Danes.”


What's New in Payments

Apple Pay goes live in Denmark, Finland, Sweden and the UAE

Apple Pay Launches in Denmark, Finland, Sweden, and UAE — MacRumors — “In Denmark, Jyske Bank (Visa debit cards only) and Nordea are supporting Apple Pay. In Finland and Sweden, Apple Pay can be used with debit and credit cards from Nordea and ST1. Edenred and N26 support will be coming soon to Finland, while Ticket Rikskuponger will support Apple Pay in Sweden in the near future. In United Arab Emirates, the following banks and cards work with Apple Pay: Emirates Islamic (Visa credit, debit, and prepaid cards), Emirates NBD, HSBC (Visa and Mastercard credit and debit cards), Mashreq, Rakbank (Mastercard credit, debit, and prepaid cards), Standard Chartered Bank”.


What's New in Payments

Apple Pay reaches 20 countries, representing 70% of the world’s card transaction volume

Apple Pay now in 20 markets, nabs 90% of all mobile contactless transactions where active — Techcrunch — “Bailey also announced that the service is launching in Denmark, Finland, Sweden, and the UAE in the next few days, bringing the total number of countries where it is used up to 20. And she said that 4,000 issuers worldwide now work with the wallet… While these may not sound like massive numbers on their own, 20 markets represents a full 70% of the world’s card transaction volume, she noted.”