Denmark Cards and Payments Opportunities and Risks to 2027

Denmark Cards and Payments Opportunities and Risks to 2027

Summary

GlobalData’s ‘Denmark Cards and Payments: Opportunities and Risks to 2027' report provides detailed analysis of market trends in the Danish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfer, cash, and direct debits during the review-period (2019–23e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2023e–27). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

GlobalData’s ‘Denmark Cards and Payments: Opportunities and Risks to 2027' report provides top-level market analysis, information and insights into the Danish cards and payments industry, including -

Current and forecast values for each market in the Danish cards and payments industry, including debit, credit and charge cards.
Detailed insights into payment instruments including cards, cash, credit transfer, direct debits and cheques. It also, includes an overview of the country's key alternative payment instruments.
Ecommerce market analysis.
Analysis of various market drivers and regulations governing the Danish cards and payments industry.
Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
Comprehensive analysis of consumer attitudes and buying preferences for cards.
The competitive landscape of the Danish cards and payments industry.

Scope

Contactless card usage is expanding for public transport payments. In November 2022, Danish railway operator Danske Statsbaner introduced the softPOS solution developed by payment solution providers Softpay.io and Nets. As a result, travelers can now pay for fares by making contactless payments on softPOS-enabled mobile devices carried by train conductors.

The growing popularity of digital-only banks is driving competition in the banking space, thus boosting debit card holding. For example, UK-based Revolut operates in Denmark, offering Standard, Plus, Premium, Metal, and Ultra accounts along with a debit card. The company also offers the<18 bank account for teens, which includes a Revolut debit card. Through the app, the customer’s parents or guardians can keep track of their child’s spending and saving habits.

Online shopping events such as Black Friday and Cyber Monday have supported the growth of ecommerce in Denmark. For example, Zalando offers discounts of up to 50% on various product categories during the annual Black Friday event, thus boosting ecommerce sales volumes. To benefit from the growing ecommerce market, in February 2021, Zalando expanded its pre-owned online store Zircle to Denmark, allowing consumers to buy pre-owned fashion products. Meanwhile, new retailers are entering the Danish ecommerce space to capitalize on its growth. In March 2023, Netherlands-based clothing retailer C&A expanded its presence to 11 countries, including Denmark.

Reasons to Buy

Make strategic business decisions, using top-level historic and forecast market data, related to the Danish cards and payments industry and each market within it.
Understand the key market trends and growth opportunities in the Danish cards and payments industry.
Assess the competitive dynamics in the Danish cards and payments industry.
Gain insights into marketing strategies used for various card types in Denmark.
Gain insights into key regulations governing the Danish cards and payments industry.