Payment Habits in Denmark

Working paper no 74, 2011

Authors Jacobsen, Johan Gustav Kaas; Nielsen, Søren Truels
Subject Payment and settlement systems; Payment and settlement systems in general; Payment systems
Type Working paper
Year 2011
Published 20 September 2011
In Denmark the most frequent means of payment are cash and dankort. A survey study of Danish payment behaviour reveals that older citizens as well as low-income groups in particular prefer cash. A recent change in Danish surcharge regulation permits retailers to charge a fee when receiving credit card payments, but not when receiving debit card, including dankort, payments. A statistical analysis of Danish payment patterns indicate that such a change will not incite more people to pay in cash.