As of the spring of 2021, the most common P2P payment method was with the mobile phone, through apps such as with Vipps or PayPal. Also, sixteen percent used mobile or online banking, whereas only three percent used cash. According to a survey from the previous year, PayPal was the second most common digital payment method in Norway, after paying with cards. Vipps was the third most common digital payment method, which was used by around a third of the respondents.
Sweden is the leading mobile payment country
Though as many as 79 percent of all P2P payments in Norway was made with mobile phones, it is not the leading country when it comes to mobile payments. Sweden is the country with the highest user rate of mobile P2P payments. Indeed, 35 percent of Swedes transfer money via their mobile phone to another person at least once a week.
Mobile payments with Swish
Swish is the Swedish equivalent of the Norwegian Vipps and Danish MobilePay. Swish is a mobile payment app mainly intended for P2P payments but also used for business and trade purposes. It had over 7.6 million private customers as of July 2020, and a private Swish customer made on average 4.63 transactions that month.
Most popular P2P payment methods in Norway from 2017 to 2021
The figures have been taken from several publications, with the source not always providing figures for every category; H1 refers to spring, whereas H2 refers to autumn
Supplementary notes
Percentage points exceeding 100 percent are probably due to rounding.
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Norges Bank. (May 20, 2020). Most popular P2P payment methods in Norway from 2017 to 2021 [Graph]. In Statista. Retrieved December 06, 2024, from https://www.statista.com/statistics/1062916/most-common-p2p-payment-methods-in-norway/
Norges Bank. "Most popular P2P payment methods in Norway from 2017 to 2021." Chart. May 20, 2020. Statista. Accessed December 06, 2024. https://www.statista.com/statistics/1062916/most-common-p2p-payment-methods-in-norway/
Norges Bank. (2020). Most popular P2P payment methods in Norway from 2017 to 2021. Statista. Statista Inc.. Accessed: December 06, 2024. https://www.statista.com/statistics/1062916/most-common-p2p-payment-methods-in-norway/
Norges Bank. "Most Popular P2p Payment Methods in Norway from 2017 to 2021." Statista, Statista Inc., 20 May 2020, https://www.statista.com/statistics/1062916/most-common-p2p-payment-methods-in-norway/
Norges Bank, Most popular P2P payment methods in Norway from 2017 to 2021 Statista, https://www.statista.com/statistics/1062916/most-common-p2p-payment-methods-in-norway/ (last visited December 06, 2024)
Most popular P2P payment methods in Norway from 2017 to 2021 [Graph], Norges Bank, May 20, 2020. [Online]. Available: https://www.statista.com/statistics/1062916/most-common-p2p-payment-methods-in-norway/