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July 5, 2011updated 04 Apr 2017 1:07pm

DnB Nor rolls out NFC payments in Norway

Norwegian bank DnB Nor has gone live withwhat is believed tobe the first contactless mobile payment service in the countrys capital Oslo. The bank has partnered with mobile network operator Telenor and issued 250 Samsung S5230 handsets which support near field communications technology (NFC) to Telenors customers.

By Duygu Tavan

Norwegian bank DnB Nor has gone live with what is believed to be the first contactless mobile payment service in the country’s capital Oslo.

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The bank has partnered with mobile network operator Telenor and issued 250 Samsung S5230 handsets which support near field communications technology (NFC) to Telenor’s customers.

DnB Nor and Telenor have been collaborating on NFC services since 2008.

But the bank only just rolled out the Tap2Pay pilot service now as part of a user-driven research programme partly financed by the research council of Norway.

The trial takes place across several retail stores, but is mostly focused on the Norwegian version of coffee-chain Starbucks, Kaffebrenneriet.

“real customers in real life settings”

The trial is the first to use “real customers in real life settings”, the head of payment & enabling at Telenor Norway, Viktoria Erngard, said.

DnB Nor’s CEO Rune Bjerke said that the bank targeted a leadership role in digital banking services.

“The test will show how we can work together [with Telenor] to bring the payment systems of the future to Norway,” he said.

 

NFC is the future

It will take years for NFC mobile payments to take off as the market is still in its infancy because NFC-enabled handsets are rare and consumers need to adopt the channel as a regular payments method.

But DnB Nor and Telenor expect NFC mobile payments to be the future of payments.

MasterCard, merchant acquirer teller, payments solutions provider Nets as well as NFC technology provider Giesecker & Devrient are also partaking in the trial.

 

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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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