Payment Card Year Books

Finland 2019/2020

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Payment Organisations

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-2018, 80% 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.

The restructuring of the Finnish banking sector continues.

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.

Statistical Key Figures for 2018 provided in this profile:

UPDATED: tables with card business data 2014-2018; 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

Product information

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 13th January 2020