Telenor Intros BankID

Telenor and the Norwegian banking industry launch BankID payment service for mobile phones

October 2, 2006

1 Min Read

LSO, Norway -- Telenor and the banking industry enter into a unique agreement to make life simpler for millions of Norwegians. Banking and payment services will be available via a mobile phone, anytime and anywhere.

The Norwegian banking industry is one of the world's leaders in using modern and cost-effective solutions.

"Technologically, banks in Norway are among the world leaders, and the extensive cooperation in the industry has resulted in much simpler banking for customers. Another step in this direction is BankID for mobile phones, with Telenor as partner. The partnership will have enormous consequences for bank customers in the future," says Arne Hyttnes, Managing Director of the Norwegian Savings Banks Association.

The Norwegian banking industry, through the Norwegian Savings Banks Association and the Norwegian Financial Services Association (FNH), is behind the BankID Partnership (BankID Samarbeidet). The BankID Partnership has developed BankID, an electronic proof of identity which can be used for identification and signing agreements on the Internet.

Telenor Group (Nasdaq: TELN)

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