Vipps is a mobile payment solution developed by Norway’s biggest bank DNB. While not the first mobile payment app for smartphones in Norway, it is by far the most popular. Since its launch in May 2015, Vipps has passed two million downloads and more than 1,5 million active users. This is quite a feat in a country of only five million people.
While originally launched as a peer-to-peer mobile payment solution, DNB has expanded the payment services through Vipps to include charity donations, mini-payments, online payment and now invoicing for businesses.
Lindorff Norway has worked closely with DNB in the development of the invoicing solution, and is the first debit collection company in Norway that can offer invoicing through Vipps to its invoicing clients.
Thus far, the pilot has shown that clients get paid faster, with less claims going unpaid. End-users also appreciate the simple and easy-to-use interface and the ability to pay with a touch of a finger on their smart-phone.
“We handle invoices worth more than 30 billion Norwegian kroner annually, but only a small part of these are sent electronically. Lindorff shall be in the forefront on the whole value chain in collection, from invoicing to debt collection. In order to reach this target, we have to offer new, innovative solutions on all levels in our business. We have already developed excellent digital payment solutions, and Vipps invoice is a natural extension of our commitment to continuous service innovation,” says Anette Willumsen, Country Manager of Lindorff Norway.
The piloting of Vipps Invoice further strengthens Lindorff’s continuous and strong partnership with DNB.
Founded in 1898, Lindorff is the leading full-service European credit management service provider, offering services within debt collection and debt purchase as well as payment and invoicing services.
The company has 4300 employees in 13 countries with headquarters in Oslo, Norway. In 2015 Lindorff generated EUR 534 million in net revenue (2014: EUR 475 million).
Lindorff is majority owned by Nordic Capital Fund VIII. www.lindorff.com