Retail payments

Retail payments are consumers' and firms' daily purchases of goods and services. Danmarks Nationalbank is the settlement bank for the retail payment systems and participates in European cooperation in this area.

Today, most retail payments in Denmark are made using payment instruments such as the Dankort or Betalingsservice (direct debit). When payment instruments are used, the payments are cleared in the Sum Clearing, the Intraday Clearing and the Express Clearing systems and settled via the banks' accounts at Danmarks Nationalbank.    

European cooperation
Danmarks Nationalbank participates in the European SecuRe Pay working group, which looks into the security of electronic payment solutions and makes recommendations in this area. Furthermore, Danmarks Nationalbank participates in the Single Euro Payments Area (SEPA) project, which is based on the vision of a single area for retail payments in euro.