25 September 2017
visit www.avoka.com

Danish midsize banks move in on mobile payments

30 June 2016  |  6178 views  |  0 Cash on Tap

Danish local and regional banks have banded together to launch a national HCE mobile wallet.

The Bokis partnership includes 62 local, savings and cooperative Banks in Denmark, together with five Danish regional banks: Jyske Bank, Sydbank, Spar Nord Bank, Arbejdernes Landsbank and Nykredit Bank.

They have contracted with Nordic payments processor Nets for the deployment, which will use digital tokens to replace the use of card numbers at the point-of-sale for tap-and-go payments.

In April, Nets announced that it will use HCE technology from Japanese card issuer JCB as the foundation for a nationwide mobile payment system. Under the agreement, Nets will utilise J/Speedy, JCB's contactless technology, for Dankort debit card payments with smartphones, with a launch date scheduled for autumn 2016.
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

ICBPI partners Nets for Italian instant payments

ICBPI partners Nets for Italian instant payments

06 June 2016  |  9698 views  |  0 comments | 12 tweets | 13 linkedin
Denmark's Nets partners Coinify to explore blockchain tech

Denmark's Nets partners Coinify to explore blockchain tech

25 May 2016  |  6263 views  |  0 comments | 8 tweets | 4 linkedin
Denmark's Dankort cards to go mobile with J/Speedy technology from JCB

Denmark's Dankort cards to go mobile with J/Speedy technology from JCB

19 April 2016  |  6223 views  |  0 comments | 2 tweets | 3 linkedin
Danish shops to be given right to refuse cash

Danish shops to be given right to refuse cash

07 May 2015  |  22441 views  |  15 comments | 67 tweets | 42 linkedin
Danish telcos join forces on mobile payments

Danish telcos join forces on mobile payments

21 November 2012  |  7547 views  |  2 comments | 7 tweets | 6 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ncr.comvisit www.sibos.comdownload the paper now

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13764 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10550 views comments | 14 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8740 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8704 views comments | 19 tweets | 27 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8458 views comments | 1 tweets | 2 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job