Agreement to dramatically reduce paper-based invoicing, increase consumer convenience and improve cash flow for corporates in Norway.
11 March 2019 – Vipps, the most popular payment app in Norway, and Nets, a market leader in the European payments industry, today announce an agreement to increase the number of payment options for consumers and simplify invoice and bill payments in Norway.
Rune Garborg, CEO of Vipps, comments: “We believe that this agreement will contribute to digitising all paper and email-based invoices in Norway. In the longer term, our ambition is to make the physical invoice obsolete. This partnership will create cost-savings for both corporates and consumers.”
Nets is the provider of invoicing solution eFaktura, which Norwegians have had access to for several years, and many consumers are heavy users of online and mobile banking services. But now the time has come to step up the pace of payments digitisation.
Frode Åsheim, Norway Country Director, Nets, elaborates: “Almost 180 million invoices are being delivered on paper or PDF in Norway every year. Consequently, many consumers forget to pay on time, creating cash flow issues for creditors. By combining the functionality of Vipps and eFaktura we are reaching more consumers, particularly young people.”