20 August 2017
visit www.avoka.com

Swedbank scraps Bart mobile payments app

21 January 2014  |  8808 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  |  13344 views  |  9 comments | 28 tweets | 34 linkedin
Nordic banks sign up for MasterPass

Nordic banks sign up for MasterPass

20 December 2013  |  11600 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  |  13031 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  |  8647 views  |  0 comments | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
23 January 2014
visit www.worldpaymentsreport.comvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9303 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7974 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7470 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
6915 views 0 | 1 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6595 views comments | 14 tweets | 12 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job