Telenor Norway, DNB Partner For Mobile Wallet Launch

Norway’s telecom company, Telenor, revealed its Valyou NFC mobile will be commercially launched by 2013’s third quarter. The NFC wallet is a result of collaboration with banking group DNB. TSM Nordic, owned by both Telenor and DNB, will serve as the carrier’s service manager.

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    “By 2020, we will use our mobile phone for payments more frequently than credit cards,” said Telenor Digital Services’ Viktoria Erngard. “We believe this service is more secure than a bank card.”

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