In 2012, Danmarks Nationalbank established the Payments Council as a forum for collaboration on Danish retail payments. The object of the Council is to promote the efficiency and security of these payments for all parties involved, i.e. consumers, firms, banks, etc. Furthermore, the Council contributes to providing better statistics for payments in Denmark.
Danmarks Nationalbank chairs the Payments Council and provides secretariat services. In addition, the Council comprises representatives of the Danish Chamber of Commerce, the Confederation of Danish Industry, the Ministry of Business, the Danish Supervisory Authority, the Danish Bankers Association, the Danish Consumer Agency, the Danish Federation of Small and Medium-Sized Enterprises and Nets.
Reports etc., prepared by the Council, are published here.
At present, the Council is primarily working with the following tasks:
- A Study of the costs of payments in Denmark. The objective of the cost of payments analysis is to calculate the social costs of payments for the most frequently used types of payments of citizens and firms. The study is an updated version of the analysis Cost of Payments in Denmark published by Nationalbanken in 2012 (English version, See Danmarks Nationalbank, cost of payments in Denmark, 2012).
- An expansion of the Danish payments statistics. The current payment statistics are in the process of being expanded. The objective is to obtain significantly better data to assess developments in the payments area. The new statistics will have a broader coverage in terms of players in the market for payments and provide more detailed data breakdowns than the existing payments statistics. The statistics will be published on a quarterly basis and will be available on the webpages of both Danmarks Statistik and Nationalbanken.