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Home BUSINESSNordic banks invited to partner in MobilePay
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Fri, 14 Oct, 2016 12:02:50 AM
FTimes – STT Report, Oct 14
MobilePay Danske Bank app for your smartphone. File Photo – Lehtikuva.
Danske Bank on Thursday announced that it had invited all interested Danish, Norwegian and Finnish banks to participate in the MobilePay partnership.
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.”
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