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June 22, 2018

OP Financial and Nets collaborate on mobile payments

Finland’s OP Financial Group has teamed up with Danish payments firm Nets to make its Pivo Wallet available to Nets’ merchants in Finland, in-store and online.

Under the partnership, Pivo payments will be soon made available at physical stores using Nets terminals. In order to pay with Pivo, users are required to tap their devices on the terminal.

All handsets using next-generation mobile acceptance technology, including Apple devices, will support the in-store payments. The launch of the service at online stores is anticipated at a later date.

Nets country manager for Finland Sirpa Nordlund said: “Paying with your mobile leverages the contactless ‘tap and go’ payment experience that many Finns have already adopted and enjoy while shopping.

“To ensure the same level of ease when paying in-store with your mobile, we will implement a new payment standard using Bluetooth that will give the same payment experience regardless of handset, which will be very similar to when you do contactless payments with cards.”

At the same time, technology from Nets subsidiary Storebox will offer a new e-receipt functionality to Pivo users.

Pivo currently has 1.2 million downloads and over 800,000 registered users. The app can be used to transfer funds, pay online and in stores, and send and receive Siirto payments.

OP director of new businesses Masa Peura said: “Through our collaboration with Nets and Storebox, we are able to provide a more seamless in-store payment experience for all mobile devices with integrated value-adding features such as e-receipts in Pivo.”

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