back Back

Softpay integrates BankAxept for tap-to-phone payments in Norway

By Gloria Methri

March 04, 2024

  • BankAxept
  • Contactless Payments
  • FinTech
Share

SoftPay, BankAxept, Tap-to-phone, Norway, FinTechSoftpay has announced that it now accepts BankAxept, a premier card scheme in Norway, as part of its advanced payment solutions. It is the first company to offer a tap-to-phone solution that accepts BankAxept ensuring fast and secure transactions for both merchants and customers.

With Softpay, merchants can use any Android device to accept BankAxept cards in-store, at pop-up locations, or for deliveries, providing mobility and reducing transaction costs.

Halvor Kaafjeld, head of Softpay in Norway said, “Many of the Norwegian cash register systems are already integrated with Softpay so that the user site can easily get started with running both cash register and payment applications on the same device. Not surprisingly, we experience great demand for BankAxept, which is a very cost-effective, secure and fast payment method.”

Softpay has been used successfully by small merchants like local hairdressers or restaurants and by enterprise and global merchants like fashion, health and beauty, and sports retailers.

Its platform supports various acquirers, card schemes, and digital wallets, including Apple Pay, Google Pay, and Samsung Pay. This ensures that businesses can easily meet customers’ payment preferences, utilizing tap-to-phone technology that converts any Android device into a contactless payment terminal with a PIN.

BankAxept is integral to the Norwegian economy, facilitating a significant portion of in-store transactions with its cost-effective and widely accepted payment system. The integration with Softpay allows merchants across Norway to access fast, secure, and versatile payment options, enhancing the customer experience.

“We are very content that BankAxept is available as an app solution. It’s cheaper and simpler to get started for smaller businesses, and it provides flexibility for businesses that have peak periods where more selling points can be added in no time. We believe the combination of traditional terminals and multiple mobile selling points will be common in the future,” said Anita Frantzen, head of physical cards at BankAxept.

Previous Article

March 04, 2024

India’s personal loans soar, boasting a remarkable 33% CAGR over four years, study shows

Read More
Next Article

March 04, 2024

The Monday Roundup: what we are watching this week | March 4th

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Tietoevry Banking & Tapeeze launch customisable tokenised payment cards

Read More

Today

Somalia launches nationwide instant payment system with QR support

Read More

Today

Argentinian FinTech Ualá secures additional $66m to fuel expansion

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More