Apple launches e-payments, Norway sluggish / News / The Foreigner

Apple launches e-payments, Norway sluggish. UPDATED: CEO Tim Cook has confirmed that the company will launch a payment system via mobile. Norway iPhone users will have to wait. Only Android-based phones have had NFC (Near Field Communication) for payments previously. Owners of iOS8-based mobiles in America will now also be able to hold their phone over a terminal to pay. Like with the Android phones, Apple’s iPhone 5 and 6 series also act as a debit card linked to your bank account. Payments can be made without needing a PIN. The card details will be stored in, and managed by Apple’s Passbook app in iOS 8.

iphone, payments, cards, banks, ios



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Apple launches e-payments, Norway sluggish

Published on Monday, 15th September, 2014 at 12:31 under the news category, by Manisha Choudhari and Michael Sandelson   .
Last Updated on 15th September 2014 at 20:22.

UPDATED: CEO Tim Cook has confirmed that the company will launch a payment system via mobile. Norway iPhone users will have to wait.

90kph Norwegian road sign
Norway has good 4G coverage, but other technological advances are slower than in other countries.90kph Norwegian road sign
Photo: Statens vegvesen


Only Android-based phones have had NFC (Near Field Communication) for payments previously. Owners of iOS8-based mobiles in America will now also be able to hold their phone over a terminal to pay.

Like with the Android phones, Apple’s iPhone 5 and 6 series also act as a debit card linked to your bank account. Payments can be made without needing a PIN. The card details will be stored in, and managed by Apple’s Passbook app in iOS 8.

The US mobile manufacturer has agreements with companies American Express, Mastercard and Visa. Several of the largest American retail chains are also involved in the collaboration.

Slow lane

At the same time, users in Norway are currently left behind.

Ingjerd Blekeli Spiten, Executive Vice President of eBusiness at banking major DnB tells The Foreigner that they are “excited Apple has chosen to go for NFC and also cooperate with card providers and banks on their new Apple Pay.”       

The bank has just released contactless Visa debit card payments, and is developing a mobile wallet solution with Telenor called ValYOU. This will be launching this autumn.

Sparebank 1 says they will be employing the same system at the beginning of 2015 and issuing contactless cards in that year’s first quarter.

“Apple has been the only major mobile device provider which hasn’t had NFC technology for mobile terminals. They will be starting with the US market, but the roadmap for other countries is not yet communicated. We know from experience that Norway is not usually the first country to be included in their roadmap,” says Ms Spiten.

“The list will be updated as banks are added. Contact your card issuer to determine your card’s eligibility. Some banks may not support all card types. Apple Pay is available in the US,” states the company’s website.

Christian Brosstad, Communications Director at Sparebank 1 comments that they are "always looking for effective and easy tools for our customers so they can manage their finances to get a better life. So we'll definitively look into this in the near future together with other payment solutions.”

Wait and see

Head of External Communications and Brand Management at Nordea, Rune Kibsgaard Sjøhelle, comments that the bank is also working on contactless payments.

There is no firm date regarding Apple’s solution as yet, he says.  

“There are several options available, and we’re currently deciding which one to choose. We can’t say exactly when we’ll be employing Apple Pay, we’ll have to see how it goes here [in Norway].”

Contactless payments solutions are not new. Any sort of card deploying radio-frequency identification to make secure payments can be used.

Global research firm Gartner is among those who have estimated that payment through mobile will increase in the coming years. The company’s most recent report, compiled bi-annually, forecasts worldwide mobile payment transaction values for 2013 of in excess of USD 235 billion.                                             

“We expect global mobile transaction volume and value to average 35 per cent annual growth between 2012 and 2017, and we are forecasting a market worth $721 billion with more than 450 million users by 2017," Sandy Shen, research director at Gartner said in a statement.

Expected figures for Western Europe at the time the forecast was issued were some USD 29 billion, up USD 19bn compared with 2012.

Facts:

  • The iPhone 6s are available for order from the Apple Store’s Norway site from 26th September.
  • SIM-free contract prices for the 6 and the Plus start at 5,790 and 6,690 Norwegian kroner, respectively.
  • Telenor customers can pre-order their model from the operator from 19th September, though on-contract prices are not available for now.
  • The iPhone 5s has topped operator Netcom’s best-seller list for the sixth month in a row.
  • Netcom has not yet decided on a pre-order/sales date, according to them.


Published on Monday, 15th September, 2014 at 12:31 under the news category, by Manisha Choudhari and Michael Sandelson   .
Last updated on 15th September 2014 at 20:22.

This post has the following tags: iphone, payments, cards, banks, ios.





  
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