30 April 2017
Visit EBAday.com

Swedbank scraps Bart mobile payments app

21 January 2014  |  8560 views  |  0 Stockholm, Sweden

Swedbank is killing off its QR code-based mobile payments service, Bart, after failing to sign up enough retailers and consumers.

Linked to customer debit cards, the Bart app generates QR codes which users scanned at the point-of-sale in participating retailers to make payments.

Swedbank successfully signed up major merchant Axfood to the service, which last year rolled out the technology necessary to accept Bart payments at more than 350 stores.

However, other merchants failed to follow Axfood's lead while consumers also proved uninterested in the service - with just 20,000 registering. Swedbank has now decided to cut its losses and shutter Bart this spring.

Mobile payments head Carl Molinero told Computer Sweden that it had been difficult for the bank to work on a system on its own. It will now concentrate on the Swish mobile payments service it has teamed with other banks on.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

O2 shuts down mobile wallet

O2 shuts down mobile wallet

09 January 2014  |  13120 views  |  9 comments | 28 tweets | 34 linkedin
Nordic banks sign up for MasterPass

Nordic banks sign up for MasterPass

20 December 2013  |  11449 views  |  1 comments | 2 tweets | 5 linkedin
Swedbank pilots mobile couponing in cashless utopia Uppsala

Swedbank pilots mobile couponing in cashless utopia Uppsala

19 December 2012  |  12680 views  |  1 comments | 12 tweets | 5 linkedin
Sweden's big four wireless operators launch mobile wallet

Sweden's big four wireless operators launch mobile wallet

26 June 2012  |  8530 views  |  0 comments | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
23 January 2014
Find out morevisit vasco.com/news/PSD2-compliant-solutionsvisit dh.com

Top topics

Most viewed Most shared
JPMorgan formally quits R3JPMorgan formally quits R3
8289 views comments | 27 tweets | 16 linkedin
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
8229 views comments | 18 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7688 views comments | 18 tweets | 18 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6472 views comments | 22 tweets | 21 linkedin
UBS moves risk platform to Microsoft Azure cloudUBS moves risk platform to Microsoft Azure...
6321 views comments | 11 tweets | 21 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job