Banks plan counterattack as Apple Pay readies Nordic market grab


  • TECH
  • Thursday, 28 Sep 2017

epa05167546 An Apple Pay service logo is seen along with other major payment services logos at a cashier in an Apple store in Beijing, China, 18 February 2016. US electronics giant Apple Inc. launched its mobile payment service Apple Pay in China amid strong competition from local players like Wechat Payment and Alipay. EPA/HOW HWEE YOUNG

About 100 years ago, Nordic countries shared a currency. Danske Bank A/S wants them to try again, this time on the digital front. 

MobilePay, Danske’s digital-pay subsidiary, is urging Nordic banks to form a single payments platform to fend off Apply Pay and Samsung Pay. The push comes as Apple Pay prepares to go live in Denmark, Sweden and Finland by the end of this year. (Samsung Pay recently arrived in the region.) 

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