Nordic digital payments specialist Nets has selected JCB International’s contactless technology J/Speedy for Dankort mobile payments in Denmark.
Nets will launch Dankort on the mobile in autumn 2016. Dankort, which was first issued in 1983, is Denmark’s national debit card.
JCB said that Dankort on the mobile phone can be accepted by all merchants, who are accepting Dankort based on the current subscription model and the existing terminal infrastructure.
If the payment will exceed DKK200, the payment solution will require a passcode on the phone to complete transaction.
Nets believes that by 2020 up to half of all payments at the point-of-sale (POS) in Denmark may be initialized from a smartphone. Currently, around 60% of all Dankort transactions are carried out using a contactless enabled terminal.
JCB’s subsidiary also intends to accelerate its mobile payment implementation worldwide using Host Card Emulation (HCE) technology.
Nets senior vice president with the responsibility for Dankort Jeppe Juul-Andersen said: "We are very pleased with this long-term partnership with JCB that will help retain Dankort as the most cost-effective and convenient means of payment for Danish merchants and consumers.
"With this new partnership, Dankort will be powered by strong technology from JCB. The first step in the partnership will be to base Dankort on the mobile phone on JCB’s technology but there is also a solid base for further developments. A second phase will include international interoperability using JCB’s global network."
JCB International deputy president Kimihisa Imada said: "Furthermore, our partnership will ensure a wide acceptance of J/Speedy in Denmark, and this will bring huge benefits to our JCB cardmembers. We believe that the relationship between Nets and JCB is becoming stronger and will be able to provide new attractive benefits with both Nets and JCB partners."