BankAxept and Aera: A unique partnership

Aera has a close and unique collaboration with BankAxept, Norway’s leading domestic payment scheme, which accounts for around 80% of in-store payments.

As the preferred PSP for Norway’s largest retailers, Aera places strong value on partnerships with local schemes such as BankAxept in Norway and Bancontact in Belgium. These relationships are critical to our ability to innovate while keeping payment costs low for our merchants.

The collaboration in practice

Our payment terminals fully support BankAxept cards, but the collaboration goes well beyond terminal acceptance:

• Exclusive support for BankAxept ePayments: Aera is one of the few PSPs whosupport BankAxept ePayments, enabling BankAxept as a payment method in our white-labelled Aera Wallet. The wallet is available through merchant apps such as CooPay and TrumfPay. Users onboarding to the Aera Wallet can pay using either Aera A2A or BankAxept, ensuring minimal transaction costs for merchants.

• Unique SCA implementation: Aera and BankAxept have a unique collaboration on strong customer authentication. For in-store wallet payments using BankAxept ePayment, authentication is handled solely via device biometrics (e.g. Face ID), regardless of transaction amount. This is possible because BankAxept has approved the Aera SecureID module embedded in the wallet, which makes device biometrics a lot safer. The user never experiences any additional friction with SecureID, but the authentication is "bank grade" for every purchase.