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.
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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.
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 giving them the opportunity to download the application.