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Norway’s DNB spins off Vipps to consortium of local banks

A consortium of 106 Norwegian banks are taking over Vipps, the mobile payments service DNB Group launched that supports person-to-person, mobile, online and in-store payments across Norway.

The move will unify the various mobile wallet concepts launched in recent years by many of Norway’s smaller banks, DNB said in a Feb. 13 press release, citing the leaders of several of the banks participating in the cooperative venture.


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