View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
December 10, 2014

ICA to introduce contactless payments

ICA Bank, a ICA Gruppen business unit, is set to launch contactless card payments technology in cooperation with MasterCard to enable users to make contactless payments in all ICA stores across Sweden.

By Verdict Staff

ICA Bank, a ICA Gruppen business unit, is set to launch contactless card payments technology in cooperation with MasterCard to enable users to make contactless payments in all ICA stores across Sweden.

The launch of the NFC based technology, which will commence during 2015, will provide ICA Bank’s over 500,000 cardholders with a new bank card adapted for the technology using which they can pay across ICA stores by touching their card against the card reader.

Marie Halling, CEO of ICA Bank, said: "Contactless card payments simplify customer payments and will reduce cash handling in the store.

"Future payments will head in this direction and we are pleased that together with MasterCard we are first in the Swedish market. ICA stores already have readers ready for NFC and this agreement means we will be the first to use this technology."

Bart Willaert, general manager of MasterCard in the Nordic-Baltic region, said: "We are very pleased to be taking this step together with ICA Bank and look forward to introducing this innovative payment technology in the Swedish market."

  1. News
  2. Company news
December 10, 2014updated 04 Apr 2017 4:04pm

ICA to introduce contactless payments

ICA Bank, a ICA Gruppen business unit, is set to launch contactless card payments technology in cooperation with MasterCard to enable users to make contactless payments in all ICA stores across Sweden.

By Verdict Staff

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.

ICA Bank, a ICA Gruppen business unit, is set to launch contactless card payments technology in cooperation with MasterCard to enable users to make contactless payments in all ICA stores across Sweden.

The launch of the NFC based technology, which will commence during 2015, will provide ICA Bank’s over 500,000 cardholders with a new bank card adapted for the technology using which they can pay across ICA stores by touching their card against the card reader.

Marie Halling, CEO of ICA Bank, said: "Contactless card payments simplify customer payments and will reduce cash handling in the store.

"Future payments will head in this direction and we are pleased that together with MasterCard we are first in the Swedish market. ICA stores already have readers ready for NFC and this agreement means we will be the first to use this technology."

Bart Willaert, general manager of MasterCard in the Nordic-Baltic region, said: "We are very pleased to be taking this step together with ICA Bank and look forward to introducing this innovative payment technology in the Swedish market."

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