Wednesday, 18 November 2015

Norway’s Valyou mobile payments closes - lack of NFC-enabled payment terminals a major factor

Norwegian mobile payments service Valyou shuts down

From Finextra -

“Norwegian mobile payments service Valyou has been shut down, with owners Telenor, DNB and SpareBank 1 blaming a lack of NFC-enabled payment terminals and support from their fellow banks and telcos for their project's failure.

Explaining that "after careful consideration of all options Valyou’s owners have decided to wind down the company," a statement on the mobile money firm's site says that its app has been removed from Google Play and will stop working on 30 November.”

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