Norway’s SpareBank 1 has acquired the Norwegian mobile payment provider mCash for an undisclosed sum. The acquisition of Mcash is part of a broader strategy by SpareBank, which also owns Nordea, to expand its presence in emerging markets. Jan-Frode Janson said, “With this acquisition, we strengthen our mobile efforts and are well positioned to meet future digital customer needs”.
Norway’s SpareBank 1 has acquired the Norwegian mobile payment provider mCash for an undisclosed sum. SpareBank 1 Chairman, Jan-Frode Janson said, “With this acquisition, we strengthen our mobile efforts and are well positioned to meet future digital customer needs”.