Sunday, December 22, 2024

Nets: Pandemic accelerates contactless payment adoption in the Nordics

Nets: Pandemic accelerates contactless payment adoption in the Nordics

  • Year-on-year contactless payment adoption enters double digit growth for the first time as social distancing steers Nordic consumers away from chip and PIN
  • The first four months of 2020 during which the Nordics imposed strict COVID-19 social distancing measures
  • In the first 16 weeks of 2019, contactless usage proportion of all card transactions performed in Denmark, Norway and Sweden
  • The convenience of ‘tap and go’ contactless payments has always been popular in the Nordics
  • In Finland contactless payment adoption, as a proportion of all card payments is 63.7%
  • Contactless payments through mobile devices, such as Apple Pay and Samsung Pay, work on all payment terminals with contactless functionality

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

What is Fintech?

Fintech: A term used to refer to innovations in...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TBC Bank Uzbekistan Raises $37 Million in Equity Investment

Subheading TBC Bank Uzbekistan secures $37 million from TBC Group,...

XTransfer and OCBC Form Comprehensive Partnership

Subheading XTransfer and OCBC collaborate to provide innovative cross-border financial...

Brazil Greenlights PayRetailers’ Acquisition of Transfeera

Subheading PayRetailers expands its presence in Brazil by acquiring Transfeera,...

Delio Appoints Felicia Meyerowitz-Singh as New Chair

Subheading Felicia Meyerowitz-Singh brings extensive financial services experience to drive...

IÅŸbank Expands Partnership with Alipay+, Enhancing Cross-Border Payments

Subheading IÅŸbank, Turkey's largest private bank, partners with Alipay+ to...

Former UBS Investment Analyst Unveils Voice-Cloned AI Education Tool

Subheading Geoff Robinson's new app uses his digitally cloned voice...

New Zealand Reduces Merchant Service Fees for Card Payments to Benefit Businesses

Subheading The Commerce Commission's draft decision aims to lower Visa...

Adyen and Affirm Extend Partnership to Canada, Enhancing Payment Options

Subheading Adyen and Affirm expand their collaboration to bring flexible...

Related Articles

Popular Categories

spot_imgspot_img