Payment Card Year Books

Denmark 2020/2021

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  • Regular price £240.00

Payment Organisation

BOKIS, interbank organisation of the small Danish banks. 

MobilePay Denmark, operator of the mobile payment service, MobilePay. 

Domestic Card Brand

Dankort debit cards; co-badged VISA for international use.

Market Structure

Card use, already among the highest in Europe, hit 386.2 card payments per capita (233.7 on Dankort cards) in 2019, the second highest in Europe. 

Transformation of the Dankort scheme from 2015: contactless cards, mobile HCE NFC payments, and use of BLE technology. 

NETS Group manages and processes the Dankort scheme. 

The Danish banks transferred the acquiring of Dankort cards in 2005 to Teller, which also acquires internationally branded cards. 

In March 2014, the Danish and Norwegian banks sold NETS for $3.1 billion to the private equity investors Advent International, Bain Capital and ATP. Following the IPO in 2016, NETS Group was partly owned by other investors. In September 2017, NETS Group agreed a $5.3 billion bid from private equity investor. In August 2019, Mastercard acquired NETS real-time payments business.

MobilePay is the domestic mobile payment service in Denmark. 

Emerging Open Banking ecosystem. 

Notable Market Trends

Contactless rollout: cards, MPOS terminals, HCE NFC pilots,  

mobile payment apps, MobilePay, Immediate Payments. 


 UPDATED: tables with card business data 2015-2019; growth rates: Y-o-Y, CAGR
 Population, Cards per Capita, Card Value per Capita
 Debit Cards, Credit/Delayed Debit Cards, Total Cards
 Card payments by number and by value, ATV per card, payments per card/year
 ATMs, POS terminals, ATMs/POS terminals per 1 million capita
 ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
 POS payments by number/by value, ATV per POS payment, TXs per POS/month
 Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
 Issued Card brands by individual major issuer bank
 Accepted card brands by individual major acquirer
 Drill down into the debit card use and credit cards use details


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1.1 last updated 19th January 2021