Payment methods in Finland

Europe

2methods

9banks

The Finnish e-commerce market is worth US$17 billion, rising to US$24 billion by 2027 - in a country with just 5 million inhabitants.

Market takeaways

The Finnish e-commerce market is worth US$17 billion, rising to US$24 billion by 2027 - in a country with just 5 million inhabitants.
Fins love to shop from foreign merchants, buying a fifth of all e-commerce purchases from sites based outside Finland.
In almost 40% of e-commerce purchases, Finns used a mobile device to complete the transaction.
Finns use digital payment methods in over 70% of all online transactions. Popular payment methods include Klarna, PayPal, and Sepa Direct Debit.
In 2022, the average online shopper in Finland spent US$3,249 with e-commerce merchants, rising to US$4,359 by 2027.

Population

5.5M

Online population

5.3M

B2C e-commerce

$16B

Banked population

99.9%

Credit card population

71%

E-commerce of total retail

16%

Payment method breakdown

Card26%
Cash2%
Bank Transfer34%
E-Wallet24%
Other14%

Card scheme breakdown

Visa45%
Mastercard55%
American Express0%
Local schemes0%
Other0%

Cross-border e-commerce

Cross-border shoppers

64%

Share of e-commerce

19%

Cross-border value (est.)

$3B

Featured payment methods in Finland

Popular options based on coverage and prominence in this market.

Trustly

A popular service for enabling account-to-account (A2A) payments in the Nordics, allowing for secure, faster payments directly from a bank account.

Siirto

A dominant real-time payment solution in Finland, often used for peer-to-peer transfers.

All payment methods in Finland

Discover 2 payment methods from around the world

Showing 2 of 2 payment methods

Siirto

Trustly

Featured banks in Finland

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.

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.

Handelsbanken

Stockholm, Sweden

Handelsbanken is a Swedish universal bank known for its decentralised branch model, operating across the Nordic countries and UK.

OP Financial Group

Helsinki, Finland

OP Financial Group is Finland's largest financial services group, a cooperative bank comprising 157 member cooperative banks. It offers banking, insurance, and wealth management.