In 2020, it was found that 96 percent of the Icelandic population access online banking sites, making Iceland the country with the strongest internet banking penetration in Europe, followed by Norway and Denmark.
Online banking is becoming one of the most popular payment methods in Europe, allowing customers of a bank or other financial institution to develop a wide range of financial transactions through their websites. Over time, Europeans' confidence in this electronic payment system has increased. Meanwhile, the use of physical cash is experiencing a significant reduction in some countries, such as Germany or Austria.
Online banking penetration in selected European markets in 2020
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Eurostat. (February 8, 2021). Online banking penetration in selected European markets in 2020 [Graph]. In Statista. Retrieved January 22, 2022, from https://www.statista.com/statistics/222286/online-banking-penetration-in-leading-european-countries/
Eurostat. "Online banking penetration in selected European markets in 2020." Chart. February 8, 2021. Statista. Accessed January 22, 2022. https://www.statista.com/statistics/222286/online-banking-penetration-in-leading-european-countries/
Eurostat. (2021). Online banking penetration in selected European markets in 2020. Statista. Statista Inc.. Accessed: January 22, 2022. https://www.statista.com/statistics/222286/online-banking-penetration-in-leading-european-countries/
Eurostat. "Online Banking Penetration in Selected European Markets in 2020." Statista, Statista Inc., 8 Feb 2021, https://www.statista.com/statistics/222286/online-banking-penetration-in-leading-european-countries/
Eurostat, Online banking penetration in selected European markets in 2020 Statista, https://www.statista.com/statistics/222286/online-banking-penetration-in-leading-european-countries/ (last visited January 22, 2022)
