What is Vipps?
Vipps is a widely used mobile payment application originating from Norway, now part of Vipps MobilePay following its merger with Denmark’s MobilePay. It enables users to send and receive money, pay in-store, shop online, and split bills using just a mobile phone. Vipps connects directly to users’ bank accounts and cards, facilitating fast and secure digital payments in Norwegian and Danish kroner, with some expanding support for EUR. Its intuitive interface and robust security features make it popular for both personal and business transactions. Vipps’ primary audience is in Norway and Denmark, though the company is actively working on broadening its regional reach within the European Economic Area.
How to use Vipps?
- Download the Vipps app from Google Play or App Store.
- Register with your mobile number and verify your identity.
- Link your bank account or card to the app.
- Send or request payments using mobile numbers or QR codes.
- Confirm the transaction in the app.
The pro's of using Vipps
- Instant transfers between users and merchants.
- Simple registration and user-friendly interface.
- No need for cash or physical cards.
- High security with bank-level encryption and biometric options.
- Widely accepted in Norway and Denmark, especially for peer-to-peer transactions.
The con's of using Vipps
- Limited to users with a Norwegian or Danish bank account and phone number.
- Does not support payments in USD or outside select European countries.
- Cross-border functionality is currently restricted.
- Possible transaction fees for some business and cross-service payments.
- Not universally accepted outside Scandinavia.