Vipps
Vipps is Norway’s leading mobile payment app, originally launched in 2015 by DNB. It allows users to make secure peer-to-peer transfers, pay for goods and services online, and settle group expenses with ease.
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Country
Norway
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Population
5.4 million (estimated)
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Number of Internet users
5.2 million (estimated).
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Popular payment methods
Digital wallets, Credit/Debit Card, Visa, Mastercard, Klarna, PayPal.
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Credit Card
30%
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Debit Card
45%
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E-wallets
15%
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Cash Payments
5%
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Bank Transfers
4%
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Other
1%
- TypeDigital Wallet & Payment Gateway
- Currency:Norwegian Krone (NOK), with cross-border transactions in DKK and EUR.
- % of coverage: > 75% of Norway’s adult population
- Money transfers to date: > 1.24 billion
- Total customers:12 million users across the Nordics (estimated)
- Refunds:Yes
- Chargebacks:Limited
Vipps
Vipps is highly integrated with the Norwegian banking system and has expanded through a merger with MobilePay, covering Denmark, Finland, and soon Sweden. In 2023, Vipps processed over 1.24 billion transactions, with more than 12 million active users in the Nordic region. Its cross-border functionality makes it a vital player in simplifying international payments across the region.
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