Published October 11, 2017
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Danske Bank has decided to terminate MobilePay in Norway, and is in dialogue with Vipps about entering a distribution agreement in Norway. The intention is to settle on an agreement as soon as possible for the benefit of the Norwegian private users and business customers.
The Norwegian mobile payment market has experienced extensive growth since the launch of Vipps and MobilePay in the summer 2015. Now a new chapter starts.
”The past two years we have learned a lot and our presence in the Norwegian market have strongly contributed to the development of the Norwegian mobile payment market. As a challenger with heavy focus on product development, we take great pride in our contribution in ensuring user-friendly solutions for the market. Now we will start writing a new chapter in this story,” says Jesper Nielsen, member of the Executive Board in Danske Bank Group, and Chairman of MobilePay.
In dialogue with Vipps
Since the decision of terminating MobilePay in Norway was made, Danske Bank has been in dialogue with Vipps about a Norwegian distribution agreement. The intention is to settle on an agreement as soon as possible.
“Vipps shares our ambition and focus on creating solutions with broad reach and high ease of use, solutions constantly in development. Our ambition is to settle on an agreement that enables us to offer our users and business customers great solutions in Norway. We will contribute with our many years of experience from the Nordic market. I believe this combination will benefit the bank’s customers who deserves that we at all times ensure the best possible solutions for them,” says Jesper Nielsen.
Re-disseminated by The Asian Banker