Danish e-money scheme Danmønt closes down

Tuesday 8 June 2004 16:05 CET | News

Danish based PBS are closing down their card based e-money scheme, Danmønt. Danmønt has not found broad usage as an electronic purse in Denmark, and that use has been limited to restricted areas as campuses etc.

The number of Danmønt payments has been decreasing the last couple of years, and since the trend is not expected to change, PBS decided to close down the scheme. The Danish debit card, Dankort, has taken over areas where the Danmønt card could have been used as a means of payment.

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Categories: Payments & Commerce | Payments General
Countries: World
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