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Norwegian SpareBank 1 acquires mCash

Tuesday 20 October 2015 14:20 CET | News

Norway’s financial institution SpareBank 1 has acquired locally-built mobile payment provider mCash for an undisclosed sum.

Launched in 2014, mCash specializes in retail, digital and P2P payments using its suite of virtual solutions – its aim is to connect banks, merchants and people.

The mCash application enables users make in-store payments via QR codes, transfer funds and make online payments. According to the source, it has more than 100.000 users and has signed up 600 stores.


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Keywords: SpareBank 1, mCash, mobile payments, online payments, P2P payments, Norway
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce






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