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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

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