- Tata Consultancy Services (TCS) has unveiled a strategic partnership with Norway’s BankID BankAxept, the country’s national payment and electronic identity system, intending to bolster the European nation’s financial infrastructure.
- This collaboration is set to enhance the resilience, security, and accessibility of Norway’s crucial financial systems.
- BankAxept is Norway’s primary payment system, with its cards making up 80% of all card transactions.
- Furthermore, BankID serves as the predominant electronic identity verification solution in Norway, with an overwhelming majority – over 90% – of the nation’s residents, banks, public entities, and businesses relying on it, as highlighted by TCS.