PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Nets delivers instant P2P payments in partnership with Norway’s leading mobile wallet provider, Vipps

PaymentsJournal by PaymentsJournal
September 14, 2017
in Press Releases
0
Nets logo

Nets logo

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Customers of all banks in the Vipps partnership will soon benefit from real-time payments

12 September – Nets has announced it has entered into a three-year partnership with Vipps, Norway’s leading mobile payment application provider, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.

Users of Norwegian bank, DNB, primary stakeholder of Vipps, are already benefitting from instant payment transfers enabled by Vipps’ payment app. The partnership with Nets will enable the extension of this real-time payment service to customers of the other 100 banks in the country partnered with Vipps, representing 40% of the total userbase of the mobile wallet.

Rune Garborg, CEO of Vipps, comments, “Using the common infrastructure for instant payments will eventually make it possible to transfer money in real-time for consumers in all Norwegian banks. In this first phase, the 100 banks involved in the Vipps partnership will have this opportunity. When making this agreement, it was really important for us to find a partner with experience and credibility regarding the processing of payment transactions in Norway.”

Both parties have already begun adjustments to their systems to make the service available in the popular mobile wallet, with real-time payments expected to go live for some of Vipps’ additional bank partners before the end of the year.

Jeppe Juul-Andersen, Senior Vice President and head of Domestic Card Schemes across Nets noted, “With this agreement, we will be able to achieve the best of both worlds. We will reuse most of the existing infrastructure we have already delivered with both efficiency and stability for several years, and make the necessary adjustments to accommodate for future needs. We are looking forward to continuing and expanding the good partnership we have with Vipps and their ownership banks.”

Tags: Mobile WalletsNetsP2P
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Google Wallet Expands Features

    Google Wallet Continues to Bet on Digital with Expanded Features

    June 2, 2023
    digital value

    How Embracing Digital Value Can Help Solve the B2C Payments Conundrum

    June 1, 2023
    instant payments, real-time payments, RTP

    Banks Developing Instant Payments Products in the U.S. Should Focus on Billers to Generate New Revenue Streams  

    May 31, 2023
    Digital Wallet Use Delivers on Convenience and Security

    Digital Wallet Use Delivers on Convenience and Security

    May 30, 2023
    5 Ways to Protect Your Financial Institution from a Cyberattack

    5 Ways to Protect Your Financial Institution from a Cyberattack

    May 26, 2023
    traditional banks

    How Traditional Banks Can Modernize Without Risk

    May 25, 2023
    identity fraud

    Javelin’s Identity Fraud Study Highlights the Changing Nature of Fraud

    May 24, 2023
    SASE, security-as-a-service

    Security-as-a-Service Secures
    Distributed IT Models

    May 23, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download this complimentary report from CSG Forte: