The costs of payments have fallen

Authors Danmarks Nationalbank
Subject Payments; Payments systems; Payment and settlement systems in general
Type News
Year 2018
Published 28 September 2018
The Danish Payments Council has surveyed the social costs of payments in Denmark. The social costs of payments between households and businesses have almost halved in seven years. No methods of payment have become more expensive, neither in physical nor in non-physical trade , and Danish households have access to several methods of payment with low social costs. The aggregate social costs for all types of payment were kr. 15.6 billion in 2016.