Danes are Front-Runners in Electronic Payments

Analysis - March 2017 - No. 6

Authors Danmarks Nationalbank
Subject Payment systems; Payments; Dankort debit card; Debit cards; Retail payments; Settlement of payments; Payment and settlement systems in general; Sum clearing
Type Analysis
Year 2017
Published 30 March 2017
Abstract icon Danes prefer electronic payments, especially payment cards. In fact they use cards more than any other EU citizens. The electronic payments are supported by the payments systems which ensure that the payments are settled quickly and smoothly. E.g. it is possible to transfer funds in seconds. Denmark is a digital front-runner according to the European Commission's index. This is among other factors attributable to the targeted public-sector focus on digitisation.