Payment Card Year Books

Finland 2020/2021

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  • Regular price £260.00

Payment Organisation

Automatia (ATM network); Finnish Bankers Association. 

Finance Finland (FFI). 

Domestic Card Brand


Market Structure

Sophisticated market with high level of card use. 

Cards with combined debit/credit functions for domestic and international use respectively. As at end-2019, 89% of all cards were contactless cards. 

Numbers of ATMs and cash withdrawals have been declining. 

The Finnish banks divested from interbank organisation Luottokunta. Prior to that, Luottokunta’s issuer and acquirer business was transferred back to the individual Finnish banks. 

NETS, the Pan-Nordic processor, acquired Luottokunta in August 2012 – Luottokunta was rebranded as NETS Oy. 

In January 2014, SEB Kort bought the EuroCard corporate card business from NETS Oy. 

In June 2015, Nordea Group sold its merchant acquiring business to the acquirer unit Teller of NETS, its card processor. 

Emerging Open Banking ecosystem. 

Notable Market Trends

Contactless rollout: cards and POS terminals, MPOS terminals, HCE NFC pilots, mobile wallet Pivo, immediate payment service Siirto. 


 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


Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 


1.1 last updated 19th January 2021