Vipps

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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

  • December 14, 2015 – Update V1.2 making Vipps available on Apple Watch.
  • November 5, 2015 – Vipps reaching 1 million users making it the largest payment-app in Norway.
  • October 5, 2015 – First update V1.1 included TouchID, multiple cards and “demand payment”.
  • September 18, 2015 - Dinside.no announced Vipps “best in test" when Din Side tests Norway’s 3 largest payment applications; Vipps, MobilePay and mCash.
  • June 2, 2015 - Dinside.no writes the article "This is why you don't need Vipps"
  • May 30, 2015 – Vipps is released and made available in Appstore, Google Play and Windows Store.

References

  1. ^ https://www.vipps.no/
  2. ^ https://dnbfeed.no/teknologi/du-vil-ikke-tro-hvor-mange-som-har-lastet-ned-vipps/
  3. ^ https://www.bankid.no/
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