mobile processor Nets will provide an P2P payment service to Norwegian bank customers who use the Vipps mobile wallet app . The instant transfer service will be available to customers of approximately 100 banks in the Nordic area , which represent 40 % of the mobile wallet ’s user base . The SpareBank 1 alliance , the savings alliance , Sparebanken Møre and 15 independent savings banks will take a 51 % share in Vipps , with DNB retaining a 52 % share , with it set to become an independent joint venture .
Payments processor Nets will provide an P2P payment service to Norwegian bank customers who use the Vipps mobile payment app. The instant transfer service will be available to customers of approximately 100 banks in the Nordic area, which represent 40% of the mobile wallet’s user base. The SpareBank 1 alliance, the Eika alliance, Sparebanken Møre and 15 independent savings banks will take a 48% stake in Vipps, with DNB retaining a 52% share, with Vipps set to become an independent joint venture.