About: http://data.cimple.eu/news-article/f5dfe3305ad7e1cb748b85684ce92c847b08524ca0e2e15ee3cfeb28

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About: http://data.cimple.eu/news-article/f5dfe3305ad7e1cb748b85684ce92c847b08524ca0e2e15ee3cfeb28 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	A group of banks in Denmark, Finland and Norway said Wednesday they plan to merge their mobile payment apps to create one of the biggest services of its kind in Europe. Denmark's Danske Bank said in a statement that it will merge its MobilePay app with Vipps, which is operated by a consortium of Norwegian banks, and Pivo, which is owned by Finnish financial services provider, OP Financial Group. "Serving 11 million users and over 330,000 shops and web shops, the company will be one of the largest bank-owned mobile payment providers in Europe," Danske Bank said. The combined company, with a workforce of 500 and headquartered in Oslo, will be 65 percent owned by the Norwegian banks behind Vipps, 25 percent by Danske Bank and 10 percent by OP Financial Group, the statement said. Vipps chief executive Rune Garborg will head the joint venture. "To be competitive in a global payment market we need to make more of an impact, and the merger will give us the competitiveness we need," Garborg said. Vipps said the new service will allow cross-border payments. The banks said they expected the deal to receive final regulatory approval, including from the European Commission, "in the second half of 2021 or in early 2022." jll/spm
schema:headline	Nordic banks to merge mobile payment apps
schema:mentions	Danske Bank Financial services Mobile payment European Commission Oslo Finland Denmark Norway Europe MobilePay OP Financial Group Vipps JLL (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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