Most common P2P payment methods in Norway 2019

How do peer-to-peer payments work in Norway? As of Spring 2019, the most common P2P payment method was with the mobile phone, through apps such as with PayPal or Vipps. Also, around one fifth used mobile or online banking, whereas only eight percent used cash. According to a survey from the same 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 70 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 almost 6.9 million private customers as of February 2019, and a private Swish customer made on average 3.34 transactions that month.

Most common P2P payment methods in Norway in 2019

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Source

Release date

May 2019

Region

Norway

Survey time period

2019

Special properties

refers to spring 2019

Supplementary notes

Percentage points exceeding 100 percent are probably due to rounding.

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Statistics on "Payment methods in Norway"

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