SWEDBANK SHUT DOWN ITS MOBILE PAYMENT SERVICE BART

Swedbank, one of the largest banks in Sweden, has decided to close down its proprietary mobile payment solution Bart and this just half a year after launch. One reason is said to be lower number of users than expectations.

swedbank shut down its mobile payment service bart
swedbank shut down its mobile payment service bart

According to Swedbank, the service has about 20,000 registred users.  How much Swedbank has invested in the Bart project is not disclosed.

In June 2013 Swedbank announced that the Bart service, who works with the help of QR codes photographed by cameras mounted next to the cash register, was installed in all of Axfood grocery stores.


Editor in Chief: Wanda Rich

Editor in Chief: Wanda Rich

Wanda has over 20 years of experience in the Financial industry. She is an avid reader and a strong supporter of CSR and community outreach activities with a unique perspective of how financial institutions work.
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