Nets, Vipps partner on payments in Norway
Vipps, Norway's most popular payment app, and the Nets payment network, provider of the eFaktura invoicing solution, have entered an agreement that will increase the number of payment options for consumers in Norway while simplifying invoice and bill payments, according to a press release.
The partnership will enable consumers to pay all digital invoices and bills in Vipps or through online and mobile banking, including those previously only available in the Vipps app.
"We believe that this agreement will contribute to digitizing all paper and email-based invoices in Norway," said Vipps CEO Rune Garborg in the relesae. "In the longer term, our ambition is to make the physical invoice obsolete. This partnership will create cost-savings for both corporates and consumers."
According to Frode Åsheim, Nets Norway country director, combining Vipps and eFaktura will provide digital consumers an overview of their finances, as opposed to the current system in which consumers receive bills on paper, via email, or through Vipps or eFaktura, depending on which solution the invoicing business uses.
Digital invoices now provided in eFaktura or Vipps Regning will be available as Vipps eFaktura. The consumer decides how to pay their digital invoices and bills, be it in Vipps, through online banking, mobile banking or other connected digital channels. Consumers will also have access to a full overview of all invoices paid across these channels in their online banking account, including those paid in the Vipps app.
Banks, corporates and suppliers will not have to update their systems when implementing the solution, according to the release.
More than 3.2 million Norwegians use Vipps and approximately 2.6 million use eFaktura, which distributes approximately 100 million invoices each year.