# Nets delivers instant P2P payments in partnership with Norway’s leading mobile wallet provider, Vipps
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-09-13
Category: BANKING
Category URL: https://financedigest.com/category/banking
Meta Title: Nets Partnership with Vipps for Real-Time Payments
Meta Description: Discover how Nets and Vipps are bringing instant P2P payments to all Norwegian banks in their partnership. Find out more here!
URL: https://financedigest.com/nets-delivers-instant-p2p-payments-in-partnership-with-norways-leading-mobile-wallet-provider-vippshtml

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_Customers of all banks in the Vipps partnership will soon benefit from real-time payments_

[Nets](https://www.nets.eu/) has announced it has entered into a three-year partnership with [Vipps](https://www.vipps.no/), Norway’s leading mobile payment application provider, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.

Users of Norwegian bank, [DNB](https://www.dnb.no/en), primary stakeholder of Vipps, are already benefitting from instant payment transfers enabled by Vipps’ payment app. The partnership with Nets will enable the extension of this real-time payment service to customers of the other 100 banks in the country partnered with Vipps, representing 40% of the total userbase of the mobile wallet.

Rune Garborg, CEO of Vipps, comments, “Using the common infrastructure for instant payments will eventually make it possible to transfer money in real-time for consumers in all Norwegian banks. In this first phase, the 100 banks involved in the Vipps partnership will have this opportunity. When making this agreement, it was really important for us to find a partner with [experience and credibility regarding the processing of payment](https://www.financedigest.com/how-netflix-justeat-and-uber-raised-the-bar-for-the-payments-experience.html "How Netflix, JustEat and Uber raised the bar for the payments experience") transactions in Norway.”

Both parties have already begun adjustments to their systems to make the service available in the popular mobile wallet, with real-time [payments expected to go live for some of Vipps’ additional bank](https://www.financedigest.com/polands-bank-millennium-third-quarter-results-hit-by-payment-holidays.html "Poland’s Bank Millennium third-quarter results hit by payment holidays") partners before the end of the year.

JeppeJuul-Andersen, Senior Vice [President and head](https://www.financedigest.com/former-u-s-president-clinton-leaves-hospital-heads-to-new-york.html "Former U.S. President Clinton leaves hospital, heads to New York") of Domestic Card Schemes across Nets noted, “With this agreement, we will be able to achieve the best of both worlds. We will reuse most of the existing infrastructure we have already delivered with both efficiency and stability for several years, and make the necessary adjustments to accommodate for future needs. We are looking forward to [continuing and expanding the good partnership](https://www.financedigest.com/impact-com-continues-momentum-in-the-first-quarter-fueled-by-client-growth-new-products-and-partnership-events.html "impact.com Continues Momentum in the First Quarter, Fueled by Client Growth, New Products and Partnership Events") we have with Vipps and their ownership banks.”


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