View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
March 17, 2016updated 04 Apr 2017 3:59pm

DNB introduces Norway’s first P2P mobile payment solution

Norwegian lender DNB has launched a peer-to-peer (P2P) mobile payment solution called Vipps in association with Indian IT firm Tata Consultancy Services (TCS).

By Verdict Staff

Norwegian lender DNB has launched a peer-to-peer (P2P) mobile payment solution called Vipps in association with Indian IT firm Tata Consultancy Services (TCS).

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

TCS said that the solution can be used on all mobile devices, making mobile payments as simple as sending a text message. It will also allow short chat messaging between the users.

The application is not just for DNB account holders, but can be used by any consumer, TCS added.

The technology company claims that 25% of Norway’s population has started using ‘Vipps’ within six months of its launch.

DNB Group executive vice president and head of IT and operations Liv Fiksdahl said: "For us, the project has demonstrated that TCS is a trustworthy partner with good focus on strategic business value. As DNB’s digital partner, TCS has shown strong customer focus. TCS has led the project with first class technical expertise and great stamina."

TCS vice president of banking and financial services Susheel Vasudevan said: "Our deep domain knowledge combined with an understanding of consumer behavior in the context of digital technologies helps us to partner with DNB, a leading bank in Norway, to transform mobile and peer-to-peer digital payments space as part of an overall digital transformation effort."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International