MobilePay Live in Denmark and Coming to Merchants in Finland and Norway through Verifone Platform

MobilePay Live in Denmark and Coming to Merchants in Finland and Norway through Verifone Platform (Photo: Business Wire)

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COPENHAGEN, Denmark--()--MONEY20/20 EUROPE – The most-used consumer app today in Denmark, MobilePay, is already accepted by tens of thousands of merchants and soon many more will be able to accept in Finland and Norway. This is a result of an expanded partnership between MobilePay, the speedy mobile payment app created by Danske Bank, and Verifone (NYSE: PAY), a world leader in payments and commerce solutions.

MobilePay boasts more than 3.5 million users and is installed on 90 percent of consumer smartphones in Denmark—making it the country’s most popular app after Facebook and Facebook Messenger. MobilePay’s popularity, which is quickly spreading to neighboring countries, are to be further strengthened by the remarkable speed with which consumers can use it on their Android and iOS smartphones to pay for purchases at merchants that have BLE-enabled payment devices. Verifone’s open platform has expedited merchants’ ability to accept MobilePay from consumers, without requiring stores to replace existing Verifone terminals.

“Consumers want the option to use their preferred method of payment—MobilePay, or any other scheme for that matter—while they shop,” said Mark Majgaard Wraa-Hansen, Head of MobilePay. “Verifone’s versatility and integrated BLE features is why merchants throughout Denmark will be able to so quickly accommodate their customers and the millions of consumers that prefer MobilePay. By expanding our collaboration with Verifone beyond Denmark, we will also afford merchants in neighboring countries the ability to quickly accommodate their customers that are among the growing number of MobilePay users throughout the Nordics.”

“The widespread popularity of MobilePay, Denmark’s preferred mobile payment app, demonstrates the whirlwind of change facing merchants in today’s retail landscape,” said Per Kristian Nauste, VP & General Manager Nordic/Baltic, Verifone. “As a result of its speed and convenience, MobilePay stands to equally disrupt consumers’ payment preferences in Finland and Norway, creating an expectation that merchants should allow them to pay with the app anytime, anywhere. The flexibility of our platform will enable merchants in these countries to quickly and easily accept MobilePay with their existing Verifone devices—another example of how our solutions help merchants create experiences their customers want and keep up with ongoing regulatory, consumer and technology change.”

Learn more about how Verifone collaborates with consumer payment apps at Verifone Stand D10-36M2, Money20/20 Europe, June 26-28, Copenhagen, Denmark.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and on currently available competitive, financial and economic data and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: successful support of the MobilePay application on our payment terminals in Norway, Finland and Sweden, execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date such statements are made. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

About Verifone

Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting payment devices to the cloud—merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 35-year history of uncompromised security with approximately 30 million devices and terminals deployed worldwide. Our people are trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.

Verifone.com | (NYSE: PAY) | @verifone

Contacts

Verifone
Kwiyoung Baumgarten, +1 678-358-6982
Kwiyoung.baumgarten@verifone.com
or
Peter Kjærgaard, +45 25424202
peter.kjaergaard@mobilepay.dk

Release Summary

MobilePay and Verifone expand partnership to enable merchants in Finland and Norway to accept MobilePay, already the most used consumer app in Denmark

Contacts

Verifone
Kwiyoung Baumgarten, +1 678-358-6982
Kwiyoung.baumgarten@verifone.com
or
Peter Kjærgaard, +45 25424202
peter.kjaergaard@mobilepay.dk