In a bid to compete with global payment solutions such as PayPal and Apple Pay, Danske Bank entered into an agreement with OP Financial Group (owner of Finland-based mobile payment solution Pivo) and the consortium of banks that own the Vipps payment solution in Norway to merge MobilePay with Pivo and Vipps. The merger is subject to approval from the relevant authorities and is expected to complete in late 2021 or early 2022. The merger will result in the creation of one of the largest bank-owned mobile payment solutions in Europe, serving 11 million users and over 330,000 merchants.
The report provides information and insights into MobilePay including:
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The company's important events and milestones
- May 2013 , MobilePay was launched by Danske Bank as a P2P payment solution in Denmark.
- In December 2015, MobilePay introduced Touch ID login, allowing users to log in with their fingerprint instead of four-digit codes.
- In October 2019, Enabled MobilePay users to make real-time money transfers between bank accounts of institutions that support the SEPA Instant Credit Transfer service.
- In June 2021, Danske Bank entered into an agreement with OP Financial Group (owner of Finland-based mobile payment solution Pivo) and the consortium of banks that own the Vipps payment solution in Norway to merge MobilePay with Pivo and Vipps.
Reasons to Buy
- Gain insights into MobilePay's business operations and key events.
- Gain insights into its product portfolio.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Table of Contents
- Performance Highlights
- Revenue Model
- Products and Services
- Significant Events
- Partner Banks
- Supporting Merchants
A selection of companies mentioned in this report includes: