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Danish banking group readies nationwide mobile-wallet system

A consortium of banks in Denmark have selected digital payments company Nets to implement a new NFC-enabled mobile wallet product in the country, according to a press release from Nets.

The consortium, which is called the BOKIS partnership, includes 62 banks that form the small to mid-sized banks segment of the Association of Local Banks, Savings Banks and Cooperative Banks in Denmark, together with five Danish regional banks: Jyske Bank, Sydbank, Spar Nord Bank, Arbejdernes Landsbank and Nykredit Bank. 

The BOKIS mobile wallet will be available to all customers of participating banks, which collectively represent a significant proportion of Danish cardholders, according to the announcement.

"We are excited to be the first in Denmark to announce our plans to deliver bank-issued mobile wallets from our members, providing a mobile payment solution that delivers real payment convenience to our customers," said Søren Nicolaisen, managing director of the Danish Regional Bankers Association. "End users will be able to pay just by 'tapping' their phone at the contactless point-of-sale."