The cooperation is aimed at developing a better payment application, said the bank.
MobilePay is a smartphone application which enables the transfer of money between bank accounts and make payments in stores.
Nordea has decided to join a partnership on MobilePay in Denmark and Norway. Danske expects that banks in Finland will follow the lead.
Danske Bank said it will now begin converting MobilePay to a subsidiary with its own board of directors, and MobilePay will no longer be branded as “by Danske Bank.”