Vipps

Vipps[1] is a Norwegian mobile payment application designed for smartphones developed by DNB. Vipps was released May 30, 2015 and by reaching 1 million users November 5, 2015 - Vipps is Norways largest payment application. Although Vipps is developed by DNB it is an application open for customers from any Norwegian bank and 40% of the users are non-dnb customers.[2]

Vipps logo

The service

Vipps is an application that gives the user the possibility to make payments to a receivers telephone number instead of an account number.

The application is designed for smartphones (iOS, Android or Windows). After downloading the Vipps application, there is an onboarding-process where the user assigns a credit- or debit card (Visa/MasterCard), personal- and account information. After registration the users account information is connected to the users mobile telephone number.

Security

Vipps is protected by a user defined four digit identification code. For payments exceeding 2000NOK the application launches BankID[3] user identification. There are also security checks in the applications during registration and payments.

Social Payments

The users can add a user-image to their profile which will be visible to other users and in addition to payments the application lets users chat with each other. If a payment is made to a phone number not connected to Vipps, the receiver will get a sms giving them the opportunity to download the application.

History

References

This article is issued from Wikipedia - version of the 11/16/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.