Norway’s Vipps P2P app adds bill payment
Vipps, which launched in Norway in 2015 as a P2P app accessible to all local bank customers, is integrating invoice and bill-payment capabilities through a collaboration with Nets Group, a Nordic payment service provider.
Nets will incorporate its eFaktura digital invoice and billing solution within Vipps, so consumers may pay bills within the Vipps app or through their bank’s online or mobile channels through the combined Vipps eFaktura service, according to a Monday press release.
Because Nets’ eFaktura service distributes 100 million invoices annually to 2.6 million Norwegians, and Vipps has 3.2 million users, the move will simplify consumers’ bill-payment processes by centralizing channels and providing an overview of their finances, according to the release.
The integration won't change the back-end flow of payments, eliminating the need for any technical changes by banks, corporations and suppliers already linked to Vipps or eFaktura, the release said.
“We want to make payments more convenient and enable consumers to receive bills and invoices on their preferred platform. This is a significant improvement on today, as currently consumers receive bills on paper, via email, or through Vipps or eFaktura, depending on which solution the invoicing business uses,” said Frode Asheim, Nets’ Norway country director, in the release.