In the first 16 weeks of 2019, contactless usage, as a proportion of all card transactions performed in Denmark, Norway and Sweden, increased by 5 percentage points from 40% to 45%, company data shows. In the same period in 2020 saw contactless volumes increase at more than twice this rate, growing by 12 percentage points from 57% to 69%. In Finland contactless payment adoption, as a proportion of all card payments, is 63.7%.
Furthermore, the company points out that approximately four out of five card payments in the Nordics are ‘true contactless’ where no PIN code is entered. In Finland, it is not possible to use the contactless functionality if the purchase is above the amount limit of EUR 50. In the other Nordic countries, the consumer may use contactless functionality for transactions exceeding this value, but is asked to enter a PIN code to confirm the purchase.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.