By downloading this application, users are required to connect a credit card and account information to their mobile number.
Money transfers are performed by entering a mobile phone number which is registered in the system.
[5] Means for strong authentication are also required, for example banking credentials, an ID card or the mobile certificate.
[6] Payment via mobile phones first became popular in Denmark, when DSB and the other traffic operators in the Copenhagen metropolitan area launched ticketing via SMS in January 2009, which worked as an extension of a similar system in Funen.
[7][full citation needed] In 2012, the banks in Denmark started a joint project for a new system.
[8] Danske Bank chose to discontinue the cooperation at the end of 2012, quoting among other reasons that the joint system would not be usable outside of Denmark.
[17] In 2022, it was announced that following a review by the European Commission's Directorate-General for Competition, Finnish service Pivo would not be part of the merger.