Denmark: payment methods in retail 2022

Debit cards remained the most used payment method in physical stores, although they increasingly lost market share to wallets. Regardless, debit cards made up the majority of Danish value spent in POS in 2021. The share of cash continued to decline, making up roughly 10 percent of all in-store payments. A payment method that is becoming more and more popular is mobile payment apps. The most common payment app in Denmark is MobilePay, which was launched by Danske Bank in 2013. As of January 2020, the app had more than 97,000 active daily users in Denmark.

Market share of cash, credit cards, and other payment methods at point of sale (POS) in Denmark in 2017, 2019, 2020, 2021, 2022

Characteristic	2017	2019	2020	2021	2022
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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Release date

March 2023

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Region

Denmark

Survey time period

2017, 2019, 2020, 2021, 2022

Special properties

* The source made changes to its categories in 2021, see the "Details" tab for more information.

Supplementary notes

In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL".

The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.

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