Norwegian bank DNB, Apple compete to win mobile payment clients

Source: Xinhua| 2018-07-23 21:45:35|Editor: xuxin
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OSLO, July 23 (Xinhua) -- Norway's largest bank DNB and U.S. technology company Apple Inc. are competing with each other in order to win the favor of clients who choose payments by mobile phone, newspaper Aftenposten reported Monday.

In Norway, where most nowadays use bank cards instead of cash, the new way of payments via Internet is making the country's biggest bank and Apple to create obstacles on the market for each other, the report said.

As Apple locked all iPhones for all the future mobile phone payments and introduced Apple Pay to Norway on June 20, DNB does not want to allow its 2.1 million clients to use Apple Pay and its so-called contactless mobile phone payments.

Apple Pay solution is, however, supported and used by Norway's second biggest bank Nordea and its clients and is currently the only contactless payment provider in this country.

Instead of using this way of payment, where mobile phone is held close to the payment terminals, DNB promotes mobile payment application Vipps, as they own 52 percent of its shares. In Vipps they have not developed contactless solution, Aftenposten wrote.

"We are working on finding solutions that are even faster and simpler than payment by card," said Hanne Kjaernes, Head of Communication in Vipps.

Freshly introduced in Norway, Apple Pay has been in Sweden, Denmark and Finland since autumn 2017.