Analyses focus on current issues of particular relevance to Danmarks Nationalbank’s objectives. The analyses may also contain Danmarks Nationalbank’s recommendations. They include our projections for the Danish economy and our assessment of financial stability. Analyses are targeted at people with a broad interest in economic and financial matters.
The digital retail payment market is changing
Nowadays, nine out of ten payments made by Danes in stores are digital. This is due to the significant changes that have occurred in payment behaviour in recent decades. While physical payment cards are the most commonly used solutions among Danes, mobile payments have gained considerable traction in recent years. The growing adoption of mobile payments is reshaping the card payment market in Denmark. As a result, it is relevant to adjust the existing regulation to support secure, resilient and efficient retail payments in Denmark.
Key messages
Why is it important?
One of Danmarks Nationalbank’s main tasks is to help ensure that payments can be made safely and efficiently in Denmark. As part of this work, Danmarks Nationalbank regularly analyses the structures and dynamics of the Danish retail payment market, including trends in citizens’ payment behaviour and preferences.
Main chart
Danish citizens are increasingly using mobile phones for payments in stores
Note:
Card payments in physical commerce via mobile wallet solutions are primarily made with Apple Pay and Google Pay in Denmark.
Source:
Danmarks Nationalbank.