Payment methods in Denmark

Europe

1method

12banks

Danes buy almost a fifth of all their annual retail purchases, worth US$34 billion, from online merchants.

Market takeaways

Danes buy almost a fifth of all their annual retail purchases, worth US$34 billion, from online merchants.
Danish online shoppers use mobile devices to complete nearly 40% of all their e-commerce purchases.
The average Danish shopper spends almost $6,000 a year with e-commerce merchants, rising to over US$8,000 by 2027.
Danes use digital payment methods in half of all online transactions. Trustly and Klarna are popular with Danish shoppers.
Danes buy more than a fifth of all their online purchases, worth almost US$7 billion, from merchants in other countries.

Population

5.9M

Online population

5.8M

B2C e-commerce

$31B

Banked population

99.9%

Credit card population

47%

E-commerce of total retail

17%

Payment method breakdown

Card49%
Cash1%
Bank Transfer7%
E-Wallet29%
Other14%

Card scheme breakdown

Visa55%
Mastercard45%
American Express0%
Local schemes0%
Other0%

Cross-border e-commerce

Cross-border shoppers

59%

Share of e-commerce

22%

Cross-border value (est.)

$6.8B

Featured payment methods in Denmark

Popular options based on coverage and prominence in this market.

MobilePay

MobilePay is Greenland's primary mobile wallet. Residents must have a Danish or Greenlandic phone number and a debit or credit card from a bank in Denmark, the Faroe Islands or Greenland. The Bank of Greenland and telecom operator Tusass provide the service to all residents

All payment methods in Denmark

Discover 1 payment methods from around the world

Showing 1 of 1 payment methods

MobilePay

Featured banks in Denmark

Major institutions operating in this market.

Nordea

Helsinki, Finland

Nordea is the largest bank in the Nordic region, headquartered in Helsinki, with major operations across Sweden, Denmark, Norway, and Finland.

Nordea Finland

Helsinki, Finland

Nordea Finland is the headquarters of the pan-Nordic Nordea Group, offering retail, corporate, and investment banking.

DNB Bank

Oslo, Norway

DNB is Norway's largest financial group and one of the largest in the Nordic region, offering retail, corporate, and investment banking, plus insurance and real estate services.

Danske Bank

Copenhagen, Denmark

Danske Bank is the largest bank in Denmark and one of the leading universal banks in the Nordic region, serving 3 million retail and 500,000 business customers.