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MobilePay is a mobile payment application used in Denmark and Finland. The service allows payments by means of a smartphone application and was first introduced in 2013 by Danske Bank . It was introduced to Finland later in the same year and since 2017 it has been used by all banks in Denmark .
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The Danish MobilePay and Norwegian Vipps are also popular in their countries. They use direct and instant bank transfers, but also for users not connected to a participating bank, credit card billing. In India a new direct bank transfer system has emerged called as Unified Payments Interface. This system enables users to transfer money to other ...
Vipps merged with MobilePay of Denmark and Finland in 2022 to form Vipps MobilePay. [2] The headquarters of the new company is in the Norwegian capital of Oslo, but all locations in other countries and the separate brand names are maintained. [3] A collection of Norwegian banks own 72.2 % of Vipps MobilePay, while Danske Bank owns 27.8 %. [4]
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China is one of the world's leaders in consumer internet and mobile payments. [1]: 130 In most parts of the developed world, credit cards have been popular since the second half of 20th century but were not widespread in China.
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