MobilePay

MobilePay is an application for phones with operating systems iOS and Android. MobilePay is a digital wallet covering all payment needs. Payments can be made to friends, smaller physical shops, supermarkets and larger chains, recurring payments, ecommerce and mcommerce and donations. By downloading this application, users are required to connect a credit card and account information to their mobile number. Money transfers are performed by entering a mobile phone number which is registered in the system. The funds are then transferred to this account, while the amount is deducted from the sender's credit card. There are no fees for private MobilePay accounts.

The application is protected by a user-selected four-digit PIN code or a fingerprint.[http://www.danskebank.dk/da-dk/Privat/Selvbetjening/Produkter/Pages/Mobilepay.aspx MobilePay]. Initially, the login id was either the CPR-number (national id number) or the more secure NemID, but since 2023 either NemID or the similar MitID (using CPR-number is no longer possible).{{Cite web|url=https://www.mobilepay.dk/hjaelp/mobilepay-til-private/fakta/hvor-meget-kan-jeg-overfoere-med-mobilepay|title=Hvor meget kan jeg overføre med MobilePay?|website=www.mobilepay.dk|accessdate=4 December 2022}}

Users must be resident in Denmark, have an Android or iPhone smartphone with a Danish phone number, a Danish CPR-number, a Danish bank account with a card, and be at least 13 years old.{{Cite web|url=https://mobilepay.dk/hjaelp/mobilepay-til-private/kom-i-gang/opsaetning/hvad-kraever-det-at-faa-mobilepay#scroll|title=Hvad kræver det at få MobilePay? - MobilePay.dk|accessdate=4 December 2022}} Private people can only have one MobilePay account. Companies and people doing business can have a business account, which has fees (around DKK 0.30-0.80 per transaction).

Users in Finland must be at least 15 years old, have a mobile phone with a Finnish phone number, a Finnish Personal Identity Code, a permanent address in the European Economic Area and a working email address.{{cite web |url=https://mobilepay.fi/mobilepaymedia/mobilepay-fi/documents/terms-private/web-mobilepay-sovelluksen-sopimusehdot.pdf |title=MobilePay–sovelluksen sopimusehdot |language=fi|website=mobilepay.fi|access-date=16 August 2023}} Means for strong authentication are also required, for example banking credentials, an ID card or the mobile certificate.[https://www.suomi.fi/instructions-and-support/identification/how-to-identify-yourself-in-an-e-service/finnish-identification-tokens/mobile-certificate Mobile certificate] suomi.fi {{dead link|date=August 2023}}

Payment via mobile phones first became popular in Denmark, when DSB and the other traffic operators in the Copenhagen metropolitan area launched ticketing via SMS in January 2009, which worked as an extension of a similar system in Funen.Bakkegaard, Jesper.{{Full citation needed|date=October 2016}}

In 2012, the banks in Denmark started a joint project for a new system.{{Cite web|url=http://borsen.dk/artikel/1/260876/danske_bank-solo_paa_mobilbetaling_irriterer_konkurrenter.html|title=Danske Bank-solo på mobilbetaling irriterer konkurrenter|first=Ulrik|last=Horn|date=28 June 2013|website=borsen.dk|accessdate=16 August 2023}} Danske Bank chose to discontinue the cooperation at the end of 2012, quoting among other reasons that the joint system would not be usable outside of Denmark. Originally, Danske Bank intended to offer MobilePay free of charge until the end of 2013, but then decided to let the system remain free of charge for private users even after this date.{{Cite web|url=https://www.computerworld.dk/art/227976/danske-bank-satser-stort-paa-mobilepay-forlaenger-gratis-periode|title=Danske Bank satser stort på MobilePay: Forlænger gratis periode|date=27 August 2013|website=Computerworld|accessdate=16 August 2023}}

On 7 May 2013, Danske Bank launched MobilePay, which by the end of 2013 had been installed 877.000 times.[http://www.danskebank.dk/da-dk/privat/selvbetjening/produkter/pages/mobilepay-fakta.aspx Tal & fakta]. The cooperation between the other banks was named Swipp and was launched on June 13, 2013.[http://beep.tv2.dk/nyheder/banker-klar-med-konkurrent-til-mobilepay Banker klar med konkurrent til MobilePay]. In February 2017, Swipp closed and all Danish banks transferred to using MobilePay.{{cite web |url=https://mobilsiden.dk/nyheder/apps-sociale-medier/i-morgen-lukker-og-slukker-betalingsappen-swipp/ |title=I morgen lukker og slukker betalingsappen Swipp |date=2017-03-27 |publisher=MobileSiden |access-date=2023-03-21 }}

MobilePay was introduced in Finland in December 2013, in Norway in August 2015 and in Greenland in August 2020.{{Cite web|url=http://www.mobilepay.no/nb-no/Nyheter/Artikler/Pages/MobilePay-ett-aar.aspx|title=Ett år med MobilePay|accessdate=4 December 2022}}{{cite web |url=https://sermitsiaq.ag/node/223704 |title=

MobilePay kan nu bruges i Grønland |date=2020-08-19 |publisher=Sermitsiaq |access-date=2023-03-21 }} In January 2018, MobilePay discontinued all services in Norway.{{Cite web|url=http://www.mobilepay.dk/da-dk/Funktioner/Pages/mobilepay-i-norge-er-lukket.aspx|title=MobilePay i Norge er lukket|website=MobilePay|language=da|access-date=2018-01-17|archive-url=https://web.archive.org/web/20180115160653/http://www.mobilepay.dk/da-dk/Funktioner/Pages/mobilepay-i-norge-er-lukket.aspx|archive-date=2018-01-15|url-status=dead}} Mobile pay is not available in the Faroe Islands (an autonomous part of the Danish Realm, like Greenland).{{cite web |url=https://finanswatch.dk/Finansnyt/Pengeinstitutter/Danske_Bank/article9284210.ece |title=Mobilepay-fusion kan efterlade Færøerne og Grønland i sort mobilbetalingshul |date=2017-01-23 | publisher=FinansWatch |access-date=2023-03-21 }}

In June 2021, it was announced that MobilePay, the Norwegian service Vipps and the Finnish service {{ill|Pivo (mobile payment application)|fi|Pivo|lt=Pivo}} were planning on merging into one company and one technology, however keeping their separate brand names.{{cite web |url=https://mobilepay.dk/nyheder/2021/06/30/mobilepay-to-merge-with-norwegian-vipps-and-finnish-pivo |title=MobilePay to merge with Norwegian Vipps and Finnish Pivo, creating one of Europe's largest bank-owned mobile payment providers |author= |date=2021-06-30 |website=mobilepay.dk |publisher= |access-date=2021-08-10 |quote= }} In 2022, it was announced that following a review by the European Commission's Directorate-General for Competition, Finnish service Pivo would not be part of the merger.{{cite web |url=https://www.electronicpaymentsinternational.com/news/pivo-vipps-mobilepay-competition/ |title=Pivo backs out of merger with Vipps, MobilePay over competition issues |date=2022-09-19 | publisher=ElectronicPaymentsInternational |access-date=2023-03-21 }} The new company is named Vipps MobilePay.{{cite web |url=https://www.mobilepay.dk/nyheder/2022/11/01/nu-er-vipps-mobilepay-en-realitet |title=Nu er Vipps MobilePay en realitet |date=2022-11-01 |website=mobilepay.dk |access-date=2023-03-21 }} As of 2022, MobilePay had more than 4.4 million users in Denmark and more than 2 million users in Finland,{{cite web |url=https://www.mobilepay.dk/nyheder/2022/06/24/mobilepay-rapid-growth |title=MobilePay is continuing the rapid growth in Denmark and Finland |date=2022-06-24 |publisher=MobileSiden |access-date=2023-03-21 }} whereas Vipps of Norway had 4.2 million users.{{cite web |url=https://www.pymnts.com/news/mobile-payments/2022/intense-competition-from-big-techs-keeps-nordic-payment-firms-on-their-toes/ |title=Intense Competition From Big Techs Keeps Nordic Payment Firms On Their Toes |date=2022-02-27 |publisher=PYMNTS |access-date=2023-03-21 }} In comparison, each of these three countries have 5.4–5.8 million inhabitants.{{cite web |url=https://data.worldbank.org/indicator/SP.POP.TOTL |title=Population, total | publisher=The World Bank |access-date=2023-03-21 }}

• Vipps – Mobile payment service in Norway and Sweden
• Swish – Another mobile payment service in Sweden

{{Reflist}}

{{Digital payment providers}}

Category:Danske Bank

Category:Mobile payments