MobilePay is a phone-number-based mobile payment app that started in Denmark and spread to Finland; after merging with Norway's Vipps in 2022, it now operates as a brand under Vipps MobilePay AS. In Finland, it is widely used for P2P transfers and in-store and online payments, forming one pillar of checkout alongside bank-link payments and cards. Guidance from the perspective of the merged entity and coverage across the three Nordic countries is covered separately on the Finland Vipps MobilePay page.

Since payment completes with a single app push, the impact is significant for merchants with small-value, mobile-centric transactions and a high share of younger customers. If you are a social commerce or mobile-first store where collecting card details is difficult, this is worth prioritizing alongside bank-link payments.

When the consumer selects MobilePay at checkout, a payment request is sent as an app push notification, and once the consumer reviews and approves it in the app, the amount is deducted from the linked card or account. In-app authentication doubles as compliance with SCA (Strong Customer Authentication). The approved amount is collected by Hecto Financial in euros (EUR), converted, and settled to the Korean merchant in USD, KRW, or JPY as contracted.

By integrating through Hecto Financial, a Korean corporation can consider accepting MobilePay from Finnish customers without signing a direct merchant agreement with Vipps MobilePay. Since this is a period when the product lineup is being reorganized following the merger, please confirm the support scope and terms at the time of integration before contracting.

• Business registration country

  Confirm contract eligibility for Korea-based merchants

• Sales channel

  The integration method and priority vary depending on your online sales channel mix, such as owned storefronts, marketplaces, or mobile apps

• Product category

  Advance confirmation is needed as to whether your products fall under restricted categories per MobilePay's merchant policies

• EU regulatory compliance

  Confirmation is needed as to whether EU payment regulations such as PSD2 and SEPA are followed (see official sources below)

MobilePay transaction amounts are collected by Hecto Financial in euros (EUR), converted, and settled to the Korean merchant in whichever of USD, KRW, or JPY was designated in the contract. Refunds are processed as a cancellation of the original in-app transaction, and to prepare for EU consumers exercising their 14-day withdrawal right, it is advisable to confirm the cancellation deadline and whether partial refunds are supported at the integration stage.

• Bank of Finland (Suomen Pankki) / Finnish Financial Supervisory Authority (FIN-FSA, Finanssivalvonta)Official information on Finland's payment system and related regulations. If actual regulations differ from the content of this page, the official source takes precedence.