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Number of debit card transactions in Denmark 2009-2019

The number of payments made with cards with a debit function in Denmark increased steadily every year during the period from 2009 to 2018. Nearly 2.2 billion debit card payments were made in 2019, compared to 919 million in 2009. Similarly, the number of payment cards also generally increased during this period. Most of the payment cards in Denmark are debit cards, and in 2018, 7.5 million cards were with a debit function, and almost 1.8 million were credit cards.

Change in payment trends

   The payments landscape in Denmark has been changing in several ways. Alongside the increment in debit card payments, the share of contactless payments grew dramatically during the last years. As of third quarter 2016, contactless payments composed ten percent of all payments in physical stores, while three years later, 72 percent of all payments were contactless. The increase in card payments led to a decrease in cash payments. As of 2018, only around 13 percent of all payment transactions were made with cash.

Mobile payment apps

   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 thousand active daily users in Denmark.

Total number of debit card payments in Denmark from 2009 to 2019

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Source

Release date

September 2020

Region

Denmark

Survey time period

2009 to 2019

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