Vipps, MobilePay and Pivo to merge

Nordic mobile payment providers Vipps in Norway, MobilePay in Denmark and Pivo in Finland are to merge and will create a single digital wallet that consumers can use in all three countries, as well as for cross-border payments.

Serving 11 million users and over 330,000 shops and web shops, the new company will be one of the largest bank-owned mobile payment providers in Europe.

The merger is subject to approval from authorities, including the European Commission, with the go-ahead expected in the second half of 2021 or in early 2022.