4 popular Payment Gateways in Norway
By Gloria Methri
With over 5 million residents, Norway is the 26th largest e-commerce market in the world. According to data from Statista, Norwegian e-commerce is worth €17 billion in 2021.
This can be credited to the record levels of digital services adoption by consumers, coupled with the use of digital identity solutions, digital infrastructure, and internet penetration reaching 100%.
Moreover, as much as 92% of Norwegians shop online with more than half of transactions being done via mobile. Therefore, Norway has emerged as a European leader in mobile commerce.
When it comes to online purchases, data shows that most Norwegians prefer using credit cards. This method is more popular than VIPPS, invoice, or PayPal. Card payments account for 52% of transactions in the country, with VIPPS following with over 20 percent.
Amid the booming Norwegian e-commerce market, let’s take a look at 4 payment gateway companies in Norway today.
Commercial Banking Applications (CBA) is a Norwegian software company providing solutions for the administration of banking services. IBAS GBF – Global Banking Factory suite is used by banks across the globe over a wide range of banking areas, including payments, trade finance, financing & loans, factoring & invoicing and account management.
EedenBull is a FinTech company specialising in B2B and Commercial Payment solution design and implementation. CPaaS by EedenBull supports legacy payment infrastructure upgrades to enhance customer experience. It provides banks with flexibility to meet growing and changing customer expectations in B2B payments and at a predictable operating cost.
Meawallet is a digital payment solutions provider helping banks, issuers, and merchants with payment tokenization. If a bank wants to implement Apple Pay, Google Pay, Fitbit Pay, or any other pay, Meawallet is already connected to the schemes and wallets, which simplifies the process of enabling digital payment for their customers.
Zeipt is a smart post-purchase communication platform that delivers receipts to customers via email, text message, or direct mobile bank, accounting software, or loyalty apps in real-time.
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February 28, 2024
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