Norwegian company Vipps has entered into a strategic agreement with Gemalto, the world leader in digital security, to provide a secure digital turnkey solution for QR and NFC proximity payment as well as e-commerce.
The new solution aims to provide secure payment services to retailers, private label issuers and domestic schemes across the world. Customers will benefit from an end-to-end secure cloud service compliant with every digital wallet available in the market.
Gemalto, a company with a broad range of solutions from secure software to biometrics and encryption, has customers in over 180 countries and provides leading businesses and governments with solutions to authenticate users and protect data.
Vipps has now become the Nordic region's largest payment and identification company after merging with BankAxept and BankID.
“This agreement represents a milestone for us, and it demonstrates that we are world-leading in this area. Our self-developed solution will be fuelling the payment industry of the future. I am very proud that we have become a preferred partner to one of the most important companies in the world of digital security,” says Rune Garborg, CEO of Vipps AS.
“As a partner to Gemalto, we have secured a global position within the very competitive secure digital payment market - an area that will experience enormous growth over the next few years,” says Bjørn Skjelbred. He oversees international business development at Vipps.
“Throughout the past year, we have been in close dialogue with Vipps, regarding a possible collaboration, and we are convinced that the company has the state-of-the-art technology that complements our digital payments offer well. Through this strategic agreement with Vipps, we have been able to capture new businesses that will bring significant growth opportunities for both companies, "says François Chaffard, senior vice president of Digital Payment in Gemalto.