Connectors / Payment methods / Vipps MobilePay

Vipps MobilePay

#Bank Transfer#e-Wallet#Instant Payment

Vipps MobilePay is a leading digital wallet in the Nordics, available in Norway, Denmark, Finland, and Sweden. It enables easy, fast, and secure peer-to-peer and business transactions across these countries

Certified payment providers 8
Market coverage 5
  • Danemark
  • Denmark
  • Finland
  • Norway
  • Sweden
Currencies 3
  • Denmark Krone
  • Euro
  • Norway Krone
Description

Vipps MobilePay is one of Europe’s largest digital wallet providers, formed from the merger of two prominent mobile payment platforms, Vipps and MobilePay, in 2022. This merger created a company that serves over 11 million users and more than 330,000 merchants across multiple countries. The headquarters is based in Oslo, Norway, and the company is supervised by the Norwegian Financial Supervisory Authorities.

The brand operates primarily in Norway, Denmark, Finland, and Sweden. Vipps MobilePay allows users to easily send money, make purchases, and handle payments without needing traditional bank account details like IBANs. Users can link their mobile numbers to their bank accounts and send payments quickly via smartphones. The platform supports personal transactions as well as business and e-commerce payments.

Built on the technological foundation of Vipps, the new company aims to provide cutting-edge payment solutions that are fast, secure, and user-friendly. By combining the strengths of both platforms, Vipps MobilePay seeks to drive innovation in digital payments, with a particular focus on cross-border payments and expanded e-commerce capabilities. The company’s strategy is to reinvest its synergies into further development, ensuring it remains competitive in a rapidly evolving financial landscape

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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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