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September 30, 2016updated 04 Apr 2017 12:44pm

BankAxept taps Gemalto to facilitate mobile financial services for banks

BankAxept, the national payment scheme of Norway, has awarded a contract to digital security giant Gemalto to allow all local banks interconnect through a single credentials management hub for secure management of mobile payments services.

BankAxept, the national payment scheme of Norway, has awarded a contract to digital security giant Gemalto to allow all local banks interconnect through a single credentials management hub for secure management of mobile payments services.

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Gemalto’s cloud-based turnkey Allynis Trusted Service Hub (TSH) solution, integrated with BankAxept’s platform, will support one-stop interconnectivity between the banks participating in the BankAxept payment scheme.

“The new solution will make it far easier for merchants in Norway to offer customers the option of simple and secure payments via their smartphones, boosting the growth of the mobile payment ecosystem in the country,” the technology provider said.. 

BankAxept CEO Øyvind Apelland said: “Gemalto’s expertise in the deployment of mobile payment services is proven with numerous references worldwide.

“Their solution offers flexibility and modularity, combined with rapid time-to-market. This modular approach suits us well since it facilitates integration with our in-house components.”

BankAxept is owned by all the banks in Norway, and has more than eight million payment cards in circulation.

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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