Payment methods in Denmark

Europe

2methods

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

All payment methods available in this market, sorted by prominence.

Vipps MobilePay

Merged Nordic mobile wallet (Vipps + MobilePay) for P2P, in-store and online payments across Norway, Denmark and Finland. Operator: Vipps MobilePay AS. Est. users: 12M+ users (2024); 1.52B transactions.

BML MobilePay

BML MobilePay is a mobile banking application with integrated digital wallet features from the Bank of Maldives (BML), the country's dominant financial institution. It supports QR code payments at merchants and NFC tap-to-pay functionality, enabling contactless transactions for both domestic consumers and businesses. As BML is the primary bank serving the Maldivian population across the atolls, MobilePay serves as the de facto standard digital payment app for domestic residents.

Featured banks in Denmark

All banks operating in this market, sorted by prominence.

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.

SEB (Skandinaviska Enskilda Banken)

Stockholm, Sweden

SEB is a Swedish corporate and investment bank with a strong retail franchise in Sweden and the Baltics.

Handelsbanken

Stockholm, Sweden

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

Nordea Denmark

Copenhagen, Denmark

Nordea Denmark is the Danish arm of the pan-Nordic Nordea group, one of Denmark's largest retail and corporate banks.

Nykredit

Copenhagen, Denmark

Nykredit is Denmark's largest provider of mortgage credit and the country's second-largest financial group, also offering banking, insurance, and real estate services.