What's New in Payments

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

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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

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

Apple Pay launches in Norway

Nordea launches Apple Pay in Norway, DNB stays focused on Vipps — Reuters — “Nordea Bank launched Apple Pay to its customers in Norway on Wednesday… Visa separately said Apple Pay will also be available to Norwegian customers at Santander Bank, and soon also at Sbanken. Norway’s biggest bank DNB said it had been in dialogue with Apple, but will so far not offer Apple Pay to its customers as it would rather concentrate on its self-made Vipps payment solution.”


What's New in Payments

Norwegian banks to form joint venture in bid to combat threat of global tech giants

Norwegian banks to combine payment units Vipps, BankAxept, BankID — Reuters — “Norwegian banks agree to combine payment units Vipps, BankAxept and BankID Norge to improve product offering and prepare for competition against global tech firms… DNB CEO Rune Bjerke said: “We have two choices. Either let the existing payments infrastructure wither away, or join forces and push forward.”


What's New in Payments

Nordea and Danske to join Norway’s Vipps mobile payment system

Nordea joins rival DNB’s Vipps payment app in Norway — Reuters — “Top Nordic bank Nordea will start offering rival DNB’s mobile payment app to customers in Norway, leading Danske Bank to shut its service in the country, the companies said on Wednesday… Copenhagen-based Danske Bank said it would no longer offer the Mobilepay service to Norwegian customers, and that it would instead seek a distribution deal with DNB.”