# Nets and Vipps join forces to simplify payments in Norway
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2019-03-12
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Agreement to Digitise Invoicing with Vipps and Nets
Meta Description: Agreement to digitise paper-based invoicing, increase payment options, and simplify bill payments in Norway. Consumers in control, timely payments ensured.
URL: https://financedigest.com/nets-and-vipps-join-forces-to-simplify-payments-in-norwayhtml

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_Agreement to dramatically reduce paper-based invoicing, increase consumer convenience and improve cash flow for corporates_

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.”

**Timely payments**

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](https://www.financedigest.com/the-gmp-cell-banking-service-market.html "The GMP Cell Banking Service Market"). But now the [time has come to step](https://www.financedigest.com/deliveroos-financial-hot-potato-time-for-new-cfo-to-step-up-to-the-plate.html "Deliveroo’s Financial Hot Potato: Time for new CFO to step up to the plate") 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](https://www.financedigest.com/covestro-sees-lower-2023-profit-cash-flow-as-macro-challenges-prevail.html "Covestro sees lower 2023 profit, cash flow as macro challenges prevail") issues for creditors. By combining the functionality of Vipps and eFaktura we are reaching more consumers, particularly young people.”

**Putting** [consumers in charge](https://www.financedigest.com/demand-for-automotive-gas-charged-shock-absorbers-market-to-be-fuelled-by-rapid-shift-in-consumer-perception-and-increasing-awareness.html "Demand for Automotive Gas Charged Shock Absorbers Market to be Fuelled by Rapid Shift in Consumer Perception and Increasing Awareness")

The partnership will enable consumers to pay all [digital invoices and bills in Vipps or through online and mobile banking](https://www.financedigest.com/standard-chartered-rolls-out-digital-bank-in-hot-singapore-market.html "Standard Chartered rolls out digital bank in hot Singapore market"), including those previously only available in the Vipps app. Consumers will be able to receive even more invoices digitally, already filled out with relevant account details and the amount to be paid – increasing convenience for the [consumer and the likelihood of timely payment](https://www.financedigest.com/unfolding-the-great-payments-disruption-how-consumers-can-navigate-this-new-financial-world-and-how-financial-institutions-can-rise-to-the-challenge.html "Unfolding the Great Payments Disruption – how consumers can navigate this new financial world and how financial institutions can rise to the challenge").

Åsheim continues: “We want to make payments more convenient and enable [consumers to receive bills](https://www.financedigest.com/uk-consumer-mood-sinks-to-new-depths-despite-energy-bills-help.html "UK consumer mood sinks to new depths despite energy bills help") and invoices on their preferred platform. Combining Vipps and eFaktura will empower [digital consumers](https://www.financedigest.com/behavioral-biometrics-simple-and-secure-way-to-authenticate-consumers-digital-identities.html "Behavioral Biometrics: Simple and Secure way to Authenticate Consumers’ Digital Identities") by providing them with an overview of their finances. This is a significant improvement on today, as currently consumers receive bills on paper, via email, or through Vipps or eFaktura, depending on which solution the [invoicing business](https://www.financedigest.com/a-taxing-issue-ten-tax-invoicing-pitfalls-that-international-businesses-must-avoid.html "A taxing issue: Ten tax invoicing pitfalls that international businesses must avoid") uses.”

Garborg adds: “All [digital invoices that are today provided](https://www.financedigest.com/impact-com-acquires-pressboard-providing-publishers-with-a-best-in-class-platform-for-branded-content-as-digital-advertising-is-deprioritised.html "impact.com acquires Pressboard, providing publishers with a best-in-class platform for branded content as digital advertising is deprioritised") in eFaktura or Vipps Regning will be available as Vippse Faktura. The consumer decides how to pay their [digital invoices and bills, be it in Vipps, through online banking, mobile banking or other connected digital channels](https://www.financedigest.com/gamers-spend-twice-as-long-viewing-intrinsic-in-game-ads-compared-to-other-digital-channels-reveals-new-research-from-lumen-and-anzu.html "Gamers Spend Twice As Long Viewing Intrinsic In-Game Ads Compared To Other Digital Channels, Reveals New Research From Lumen and Anzu"). Consumers will also have access to a full overview of all invoices paid across these channels in their online [banking account](https://www.financedigest.com/scams-avoided-how-to-prevent-bank-account-scams-in-2023.html "Scams Avoided: How to Prevent Bank Account Scams in 2023"), including those paid in the Vipps app.”

**No need for new integration**

Despite the differences to the front-end of the solution, the flow of digital invoices in the back-end will remain unchanged. This mean that banks, corporates and suppliers will not have to [update their systems](https://www.financedigest.com/blood-thawing-systems-market-analysis-growth-opportunities-future-demand-and-leading-players-updates-by-forecast-2030.html "Blood Thawing Systems Market Analysis, Growth Opportunities, Future Demand and Leading Players Updates by Forecast 2030") and integrations when implementing the new solution.

More than 3.2 [million Norwegians use Vipps and around 2.6 million use eFaktura, which distributes approximately 100 million invoices each year](https://www.financedigest.com/first-year-of-n-ireland-protocol-required-1-million-customs-declarations.html "First year of N.Ireland protocol required 1 million customs declarations").


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