Vipps is Norway's most popular payment solution (mobile wallet). Over 2 million users. Originally developed by DNB, but now also other banks will come as part of the solution. mCash will be merged to the solution. Companies using Vipps can export reports via the Vipps app in requested format (excel / PDF). There are no additional equipment required to POS, the personnel can just rip the "receipt" in the guest's app.
Selling point
Vipps works for companies also. Guest get an easy payment alternative for cash and credit cards and your company gets the payment directly to the bank account. 2 million Norwegians have Vipps app. It doesn't cost anything to be a client at Vipps. You only have to pay for use.
Benefits for Fazer
Well established payment solution in Norwegian market. Reliable partner.
Benefits for guest
All you need is a mobile number. With Vipps you can send money, ask for money, split an invoice and pay invoices. You can also pay with Vipps in apps, webshops and soon also on POSes in shops. Vipps works regardless of which bank's customer you are.
Pricing model
See https://www.vipps.no/priser.html
Price for restaurant
According to turnover handled via Vipps (1,5 - 2,5 %)
Requirements for restaurant
The restaurant has to ask for money from the guest. This happens by:
1. clicking on the + - mark in the Vipps app
2. inserting guest's phone number
3. Insert sum to be paid
4. Insert a message and click "next"
5. Send inquiry. The guest will get payment request to his mobile immediately
Facts of the solution
https://www.vipps.no/bedrift/bedriftsapp.html?WT.ac=Vipps_bedrift_bedrifts-appen_button-1
Maturity:
In use in several restaurants in Norway
Countries available
Norway, more information from restaurant support