🇳🇴 Pay Suppliers in Norway
Pay Norwegian suppliers for oil & gas equipment, seafood, renewable energy, maritime
T+0 (2.3s avg within Unicorn network). Save 79% vs traditional banks.
What you need to send money to Norway
What details do I need to pay suppliers in Norway?
To pay suppliers in Norway you need the recipient's IBAN (International Bank Account Number (Norwegian format)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Norway?
Payments to Norway settle in an average of 2.3 seconds when using local rails such as Vipps, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Norway?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 79% versus banks (e.g. £505 vs £2432 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Norway
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.4% | 0.5% |
| Payment Fee | £32 | £5 |
| Total Cost (£100,000) | £2,432 | £505 |
| YOUR SAVINGS | N/A | £1,927 (79%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Norway
Avoid expensive SWIFT fees. We use local payment systems in Norway for faster, cheaper settlement.
Vipps
Norway instant payment system, 95% population coverage
NICS (Norwegian Interbank Clearing)
Standard Norwegian bank transfers
NBO (Norwegian Bank Axept)
Domestic card payment system
Who Uses This Payment Corridor
Key Industries in Norway
- Oil & Gas
- Seafood
- Renewable Energy
- Maritime
- Technology
Average Transaction: £85k-£420k
Typical Monthly Volume: £500k-£5M
Popular Supplier Types
- Oil & gas equipment (Stavanger, Bergen)
- Seafood processors (Bergen, Ålesund)
- Renewable energy tech (Oslo, Trondheim)
- Maritime equipment (Oslo, Bergen)
What You Need to Know: Norway Payments
Regulatory Considerations
- Norges Bank regulations
- Norwegian Customs documentation
- VAT (25%) on goods and services
- Finanstilsynet (Financial Supervisory Authority) oversight
Payment Tips for Norway
- Norway = Oil & gas leader, seafood exporter
- Vipps dominates - instant B2B payments
- High labor costs - expect premium pricing
- Strong environmental standards - ESG compliance important
Why Choose Unicorn for Norway Payments
Local Rails, Not SWIFT
We use Vipps and other local systems in Norway. Avoid 3-4% SWIFT fees and 2-3 day delays.
79% Lower Costs
Save £1,927 on every £100,000 payment. On £500k-£5M monthly volume, save up to £57,810 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Norway payments.
Real-Time FX Tracking
Upload supplier invoices in NOK. See live P/L as GBP/NOK rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Norway? Save 79%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Norway
For businesses with high annual FX volume. Not consumer transfers.