Vipps

#Bank Transfer

VIPPS is a mobile payment application developed in Norway. It allows users to transfer money in real time from their bank account to other VIPPS users. The VIPPS payment […]

Certified payment providers 4
Market coverage 1
  • Norway
Currencies 1
  • Norway Krone
Description

VIPPS is a mobile payment application developed in Norway. It allows users to transfer money in real time from their bank account to other VIPPS users.

The VIPPS payment method is secure because it uses an encrypted connection to protect users’ sensitive financial information. Additionally, VIPPS is a regulated company that must comply with the high security standards imposed by Norwegian financial authorities.

To use VIPPS, you must have a Norwegian bank account and a Norwegian mobile phone number. The application is available for free download on iOS and Android platforms. Users can link their bank account to the VIPPS application and transfer money to other VIPPS users using their phone number or email address.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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