About This Statistic
This statistic displays the online banking penetration in European countries in 2016. That year, it was found that 91 percent of the Norwegian population access online banking sites, making Norway the country with the strongest internet banking penetration in Europe, followed by Denmark and Finland.
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.