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Vipps

Vipps is a Norwegian mobile payment application designed for smartphones developed by DNB. Vipps was released May 30, 2015 and, having reached 1 million users by November 5, 2015, Vipps became Norway's largest payment application. Although Vipps was developed by DNB, customers of any Norwegian bank can use it. Vipps is a member of the European Mobile Payment Systems Association.

Industry

Payments

Oslo
,
Norway

Norway

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DNB, SpareBank 1, Eika Alliansen, Sparebanken Møre and 15 independent banks[1]

www.vipps.no

Vipps merged with MobilePay of Denmark and Finland in 2022 to form Vipps MobilePay.[2] The headquarters of the new company is in the Norwegian capital of Oslo, but all locations in other countries and the separate brand names are maintained.[3] As of 2022, Vipps had 4.2 million users in Norway (total population: 5.4 million), whereas MobilePay had more than 4.4 million users in Denmark (total population: 5.8 million) and more than 2 million users in Finland (total population: 5.5 million).[4][5][6]

Security[edit]

Vipps is protected by a user-defined four-digit identification code. For payments exceeding 2000 NOK, the application launches the Norwegian BankID<electronic identification for user authentication. There are also security checks in the applications during registration and payment. The phone numbers have no check digit but the name of receiver is shown before the payment is confirmed, provided the receiver has a Vipps account. If the receiver has no Vipps account, the sender must make sure the phone number is correct.

Social Payments[edit]

The users can add a user-image to their profile which will be visible to other users and in addition to payments the application lets users chat with each other.

November 2022 - Merger between Vipps and MobilePay is finalized.

[2]

June 2021 - It is announced that Vipps, the Danish service (also used in Finland) and the Finnish service Pivo will join into one company and one technical solution, however keeping brand names.[3] However, Pivo withdrew from the merger in September 2022 due to competition concerns raised by the European Commission.[7]

MobilePay

October 2017 - and Nordea gets partial ownership of Vipps. They owned the competing system MobilePay which is leading in Denmark, but now gets closed down in Norway.

Danske Bank

February 2017 – Ownership of Vipps is transferred from DNB to a separate company, owned by multiple bank, but still DNB as the leading owner.

December 14, 2015 – Update V1.2 making Vipps available on , but this is later closed down.

Apple Watch

November 5, 2015 – Vipps reaching 1 million users making it the largest payment-app in Norway.

October 5, 2015 – First update V1.1 included , multiple cards and “demand payment”.

TouchID

September 18, 2015 – Dinside.no announced Vipps when Din Side tests Norway's 3 largest payment applications; Vipps, MobilePay and mCash.

“best in test"

June 2, 2015 – Dinside.no writes the article

"This is why you don't need Vipps"

May 30, 2015 – Vipps is released and made available in Appstore, Google Play and Windows Store.

– Swedish mobile payment service

Swish