What is BankAxept?
BankAxept is Norway’s national payment scheme. 8 of 10 store purchases made by card in Norway are made with BankAxept cards. When BankAxept cards are used for physical commerce,
payments are verified in real time through chip and the user’s personal PIN code. The transfer is settled on the next working day.
When BankAxept was established in the early 1990’s, the payment scheme was owned and operated by Finans Norge. To address challenges from new payment solutions and entities, BankAxept AS was reestablished in 2014 with the Norwegian banks as owners.
BankAxept’s mission is to develop payment solutions for new channels. This includes contactless payment for cards and mobile phones, online payment, and solutions that support mobile wallets.
BankAxept AS develops and operates payment products for the banks under the brand name BankAxept.