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Market Research Report
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987874

Denmark Cards and Payments - Opportunities and Risks to 2025

Published: | GlobalData | 81 Pages | Delivery time: 1-2 business days

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Denmark Cards and Payments - Opportunities and Risks to 2025
Published: February 22, 2022
GlobalData
Content info: 81 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

GlobalData's 'Denmark Cards and Payments - Opportunities and Risks to 2025' report provides detailed analysis of market trends in the Danish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, direct debits, and credit transfers during the review-period (2017-21e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Danish cards and payments industry, including -

  • Current and forecast values for each market in the Danish cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments including cash, cards, direct debits, and credit transfers. It also, includes an overview of the country's key alternative payment instruments.
  • Ecommerce market analysis.
  • Analysis of various market drivers and regulations governing the Danish cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the Danish cards and payments industry.

Scope

  • Italian payment processor Nexi became the dominant player in Denmark's acquiring market after purchasing Nets for EUR7.8 billion ($9.5 billion) in June 2021. Nets holds a monopoly on processing Dankort payments; it also offers acquiring and processing of international payment cards including Visa, Mastercard, American Express, JCB, and China UnionPay. As of February 2022, Nets served over 700,000 merchants across the Nordic region and Europe. Following the acquisition, Nets continues to operate under its own brand in Denmark.
  • Digital-only banks are gradually making inroads into the Danish banking space. Founded in 2015, domestic mobile-only bank Lunar Bank is the largest digital-only bank in Denmark. The bank serves 400,000 consumers across the Nordic markets. It offers standard and premium bank accounts, which include a Visa debit card. Meanwhile, in January 2022, Revolut was launched in 10 Western European countries, including Denmark. Customers get a virtual Mastercard debit card upon opening a bank account.
  • Alternative payment solutions offered by both domestic and international companies such as MobilePay, Apple Pay, and Google Pay are growing in popularity among Danish consumers. To capitalize on this trend, Apple Pay partnered with Danske Bank in October 2021, enabling the bank's customers to add co-badged Visa/Dankort cards to Apple Pay. Meanwhile, in August 2021, Google Pay launched payments via smartwatches in Denmark, allowing Google Pay users to initiate and make payments through smartwatches compatible with the Android operating system.

Reasons to Buy

  • Make strategic business decisions, using top-level historic and forecast market data, related to the Danish cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Danish cards and payments industry.
  • Assess the competitive dynamics in the Danish cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Denmark.
  • Gain insights into key regulations governing the Danish cards and payments industry.
Product Code: GDFS0567CI

Table of Contents

Table of Contents

  • Market Overview
  • Payment Instruments
  • Card-Based Payments
  • Merchant Acquiring
  • Ecommerce Payments
  • Buy Now Pay Later
  • Mobile Payments
  • P2P Payments
  • Bill Payments
  • Alternative Payments
  • Payment Innovations
  • Job Analysis
  • Payment Infrastructure and Regulation

Appendix