Norwegian telecoms firm Telenor is launching BankID, a banking and payment service for mobile phones.
BankID is an electronic ID that can be used for identification and signing agreements on the internet.
Telenor is partnering with the Norwegian Savings Banks Association and the Norwegian Financial Services Association (FNH) for the BankID launch.
With BankID for mobile phones, we are helping simplify our customers’ lives, while at the same time participating in a unique and innovative partnership with the banking industry, said Berit Kjoell, division director at Telenor.
BankID for mobile phones will be available in 2008 and all banks participating in the BankID partnership may offer the service to their customers.
BankID for mobile phones can initially be used in four areas: logging on to internet banks, mobile banking, electronic service for business and the public sector, and account-based payment services for the internet and mobiles (BankAxess).