Author Archives: Lars Aase

Snapshot Norway – Card Volumes October 2017

Norway has the most effective payment infrastructure in the world. Interesting is to see how and why, so here is a snapshot of volumes and transactions during October 2017 (figures posted at Finans Norge). Local card scheme BankAxept is used in … Continue reading

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Alipay mobile payments performed 90% of Alibaba sales volume during “11.11”

China Singles Day 2017, or “11.11” as it also is called, created a new record for Alibaba and fantastic numbers last Saturday. Total sales was at Alibaba was $25.3 billion, 1.5 billion transactions and 90% of the sales was settled … Continue reading

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Mobile payment Sweden update – One in/one out

SEQR (by Seamless) was launched in Sweden in 2011, starting as a QR-based mobile payment method, later adding NFC. SEQR was at merchant chains in Sweden as Hemköp, Willys and McDonalds used SEQR instore, but all is taken’ away. Seamless … Continue reading

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Cash in Sweden is dead after March 24, 2023

Two scientist’s from The KTH Royal Institute of Technology in Stockholm and The Copenhagen Business School, has calculated when cash is not longer accepted at Swedish merchants. The date is calculated as of the trend of cash usage in Sweden and … Continue reading

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MobilePay quits Norway – Nordic consilidation game continues

MobilePay, by Danske Bank and with Nordea as partner in Norway, has decided to close their business and payment app in Norway. Instead they will discuss to get into the successful Vipps consortia, as I understand as a distribution partner. … Continue reading

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Alipay – it’s not about payment 

At a conference in Stockholm last week I got interesting info and a deeper view on Alipay. The Alipay UK representative did tell an amazing story, here are a few points. Alipay is not a payment method nor a wallet, … Continue reading

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Swedish card payment market is consolidating, preparing for Apple Pay and other coming players?

Norway and Denmark has the most efficient payment eco-systems in the world. Sweden is trying to catch up and we see and will see an interesting play here and on the neighbour markets in the Nordics. If you ask the … Continue reading

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