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Nordea to offer DNB's payment app in Norway; Danske Bank to quit market

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Nordea to offer DNB's payment app in Norway; Danske Bank to quit market

Nordea Bank AB (publ) will begin offering DNB ASA's widely used Vipps payments app to its customers in Norway, while Danske Bank A/S will no longer offer its Mobilepay app to Norwegian customers, Reuters reported Oct. 11, citing the companies.

Danske Bank said it will instead seek a distribution deal with DNB, the newswire added.

Vipps has about 2.6 million users and is aiming to reach 3.5 million in 2018, it said.