What's New in Payments

Google Pay rolls out across Scandinavia

Google Pay

Google Pay is now live in Denmark, Sweden, Norway and Finland, with support from Jyske Bank, Nordea and Revolut in Denmark, Nordea, Revolut, Monobank, Storebrand Bank and Sparebanken Sør in Norway, Nordea, Revolut, Länsförsäkringar Bank and Sodexo in Sweden and Nordea, Revolut and Edenred in Finland... More



What's New in Payments

Nordic banks to build new payments infrastructure for instant cross-border payments

Banks are building a super-speed money highway in the Nordics — Bloomberg — “The P27 project — so-called for the 27 million people who live in Sweden, Norway, Denmark and Finland — will build on the success of smartphone payment applications that Nordic banks have already created, like Swish in Sweden, Norway’s Vipps, and MobilePay in Denmark… The aim is to make it possible to clear payments and settle accounts within seconds, regardless of currency.”


What's New in Payments

One in five Brits to make mobile payments in stores this year

UK: Mobile payments still looking to grab a foothold — eMarketer — “Just over 22% of UK smartphone users will use a phone to pay for goods and services at the point of sale (POS) in 2018… China has the largest mobile proximity payments market in the world, with 77.5% of smartphone users doing so this year. Within Europe, the UK’s smartphone penetration rate will rank behind Norway (23.3%), Sweden (33.8%) and Denmark (38.9%) in 2018.”


What's New in Payments

Danish consumer council raises Apple Pay competition concerns

Apple Pay accused of unfair competition in Denmark — The Copenhagen Post — “The Forbrugerrådet Tænk consumer council is not sure that Apple Pay is operating in compliance with Danish law, and it has asked the Concurrence og Forbrugerstyrelsen competition and consumer agency to investigate… ‘We have reported Apple Pay because we believe this new payment app is in violation of our competition law and the EU rules governing this area,’ Forbrugerrådet Tænk chairperson Anja Philip told DR Nyheder.”