Vipps is a Norwegian mobile payment application designed for smartphones developed by DNB. Vipps was released May 30, 2015 and by reaching 1 million users November 5, 2015 - Vipps is Norways largest payment application. Although Vipps is developed by DNB it is an application open for customers from any Norwegian bank and 40% of the users are non-dnb customers.
Video Vipps
The service
Vipps is an application that gives the user the possibility to make payments to a receivers telephone number instead of an account number.
The application is designed for smartphones (iOS, Android or Windows). After downloading the Vipps application, there is an onboarding-process where the user assigns a credit- or debit card (Visa/MasterCard), personal- and account information. After registration the users account information is connected to the users mobile telephone number.
Maps Vipps
Security
Vipps is protected by a user defined four digit identification code. For payments exceeding 2000NOK the application launches BankID user identification. There are also security checks in the applications during registration and payments.
Social Payments
The users can add a user-image to their profile which will be visible to other users and in addition to payments the application lets users chat with each other. If a payment is made to a phone number not connected to Vipps, the receiver will get a sms instructing them to download the application. If they don't the payment will be cancelled.
History
- December 14, 2015 - Update V1.2 making Vipps available on Apple Watch.
- November 5, 2015 - Vipps reaching 1 million users making it the largest payment-app in Norway.
- October 5, 2015 - First update V1.1 included TouchID, multiple cards and "demand payment".
- September 18, 2015 - Dinside.no announced Vipps "best in test" when Din Side tests Norway's 3 largest payment applications; Vipps, MobilePay and mCash.
- June 2, 2015 - Dinside.no writes the article "This is why you don't need Vipps"
- May 30, 2015 - Vipps is released and made available in Appstore, Google Play and Windows Store.
References
Source of the article : Wikipedia
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