Tagged: norway

Norwegian and Scottish Fintech EedenBull and Mastercard to Streamline B2B Payments in Asia Pacific (APAC)

Mastercard and EedenBull will be supporting the launch of a digital banking platform in the APAC region. The new digital bank will be serving businesses in Asia by helping them process payments in a more efficient manner. EedenBull is a Norwegian Fintech firm that has… Read More

Fintech Firm EedenBull to Expand its Presence in the B2B Digital Payments Sector

Fintech firm EedenBull will be expanding its presence in the evolving B2B payments sector. The Norwegian and Scottish company revealed recently that it’s planning to introduce its commercial cards platform to banks interested in exploring the vast potential opportunities in the B2B space. EedenBull’s management… Read More

Contactless Payments to be Allowed for Larger Amounts, without PIN Entry, by Banks in the Netherlands and Norway

Banks in the Netherlands are helping customers perform contactless payments at store locations without requiring them to enter their PIN numbers. This move is part of the extraordinary measures that have been taken to prevent the further spread of the deadly and highly contagious Coronavirus… Read More

Norway’s Largest Bank, DNB, to Enable Account-to-Account Payments From Any Bank Supported by Its Mobile Banking App

Norway-based DNB, the European nation’s largest bank, is reportedly expanding its account aggregation tool. The bank will be adding the option of making account-to-account payments from any bank supported by its mobile banking app. DNB first launched its account aggregation tool in October 2019 using… Read More

Nigerian Mobile Money Service and Ride-Hailing App OPay Raises $120 Million via Series B Round

OPay, a Nigeria-based mobile money service and ride-hailing app, revealed on November 18 that it had acquired $120 million in funding through a Series B investment round just months after it raised $50 million in a separate round. The African venture capital market has been… Read More

Norway’s Largest Bank DNB Introduces New Version of Mobile Banking App, Powered By Nordic API Gateway

DNB, Norway’s largest financial institution, is introducing a new version of its mobile banking app.  DNB’s app will reportedly be powered by open banking platform Nordic API Gateway. The mobile-based app will allow the bank’s customers and other users to access all their personal and… Read More

Bitcoin Norway Shuts Down Due to Theft via SIM Swap Hack and “Sophisticated Spear-phishing Techniques”

Bitcoin Norway has shut down all operations according to its website and posts on Facebook. Bitcoin Norway is a cryptocurrency exchange that claims to have served over 25,000 Norwegians since 2013. Last week, via Twitter, the exchange said they are dealing with extraordinary problems: Hei… Read More

Wirecard Teams Up With NK Department Stores to Accept Chinese Mobile Payment Methods

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has teamed up with NK department stores to accept Chinese mobile payment methods. According to Wirecard, NK welcomes over 9 million visitors annually to its luxury stores in Stockholm and Gothenburg. The… Read More

Fenixera Shifts Gears to Launch Crypto-Accounting Platform

Fintech innovator Fenixera has launched its reporting and tracking platform. Fenixera, a global debt recovery platform tool designed to protect people from having to write-off international debt, is based in Norway. The platform account software aims to enable users to check people’s credit and payment history… Read More

Norwegian Fingerprint Payment Startup Zwipe Secures $14 Million in New Shares on Merkus Market Oslo Børs

Zwipe, a Norway-based fingerprint payment startup, announced on Monday it secured NOK 120 million (USD 14 million) in the offering of new shares ahead of a planned admission to trading on Merkur Market, Oslo Børs. Founded in 2009, Zwipe describes itself as a biometric tech startup that… Read More

Norwegian Police Seeking Public’s Help in Kidnapping Case; Monero Ransom Demanded

Police and Norwegian media are reporting that the wife of one of Norway’s richest people went missing from her home October 31st, and hasn’t been seen since. According to Norwegian police, “the main hypothesis” is that 68-year-old Anne-Elisabeth Hagen was abducted. Police say they found… Read More

Crypto Mining Company Angry About End of Subsidies in Norway. But Does the Sector Have a Future?

HIVE (TSX.V:HIVE) (OTC:HVBTF), a cryptocurrency mining outfit with locations in Canada, Switzerland, Norway, Iceland, and Sweden, has rebuked the Norwegian government for requiring crypto mines there to pay standard electricity rates. Elsewhere, Hive recently received approval for a 50% Increase in ASIC capacity to mine… Read More

Billion Dollar Crypto Miner Walks Following Electricity Rate Hike in Norway

NTC Services, a consulting firm that assists “data centre” companies looking to establish themselves in Norway, says it has lost a billion dollar client thanks to a recent budget decision by the Norwegian government authorizing an electricity rate hike to local cryptocurrency mining farms, e24… Read More

Norway Cancels Electricity Subsidies to “Dirty” Crypto Mining Sector

Until now, “data centres” mining cryptocurrencies in Norway have qualified for the same reduced electricity rates enjoyed by other power-intensive industries- 0.48 øre per kilowatt, rather than 16.58 øre- but that is about to change, Aftenposten reports. The sector has reportedly raised the ire of the local Directorate… Read More

UiA: Norwegian University Launches Master’s Elective Crowdfunding Lab Course

Innovation Norway and the School of Business and Law at the University of Adger (UiA) have partnered to offer a master’s course in crowdfunding. In addition to lectures and teaching, participating students will be working with real campaigns from real companies. Reportedly, more than 20 companies and… Read More

Norwegian Crypto Mine that Sustained Bomb Threat Now Imperilled by Noise Complaints

A Norwegian crypto mine that endured a bomb threat earlier this month is now being imperiled by a raft of noise complaints, The Local Norway reports. Noise from fans used to cool Kryptovault’s extensive cryptocurrency mining facility in Hønefoss, north of Oslo, is reportedly seriously… Read More

Young Norwegians Who Bragged to Media about Crypto Wealth Forgot to Report it on Their Taxes

Two young braggarts who took to the Norwegian media to boast about millions in crypto profits last year are backpedalling now after media showed they disclosed minimal gains on their 2017 tax returns, Dagens Naeringsliv reports. Crypto-mining partners Philip Eriksen and Roy Arne Olsen, both… Read More

Local Disgruntled Over Noise Threatens to Bomb Norwegian Crypto Mining Facility

The operators of two crypto-mining facilities in rural Norway received a rather stern noise complaint last week in the form of a bomb threat, Vaksdalposten reports. According to a loose translation, Norwegian firm Krytpovault say the threatening note came in after the company’s operations in… Read More

Nordea to Acquire Gjensidige’s Banking Arm; Announces Partnership With Insurance Group

Nordea announced on Monday it has into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The company reported that it purchased the bank for an estimated cash consideration of NOK 5,500 million (€578 million), that will be adjusted for the… Read More

Clearhaus Launches Apple Pay in Norwegian Webshops

Danish fintech Clearhaus announced on Thursday it has launched Apple Pay in its Norwegian Webshop. This news comes just a few months after the company revealed its support for the payment method. As previously reported, the company explained that Apple products have always been popular in the Nordics,… Read More

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