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Payment Card Yearbook - Norway 2018/2019 - Product Image

Payment Card Yearbook - Norway 2018/2019

  • ID: 4831754
  • Report
  • January 2019
  • Region: Norway
  • Payments Cards and Mobile
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FEATURED COMPANIES

  • DNB
  • Nets
  • Vipps
  • Visa
  • MORE

Payment Organisations

  • Nordic processor NETS absorbed BBS in 2010.
  • VBB AS absorbed Vipps, BankID and BankAxept.

Domestic Payment Brand

  • BankAxept debit cards; mostly co-badged VISA or Electron
  • BankAxess is the domestic online bank transfer service for payments of purchases in online shops.
  • Vipps, the mobile payments app of the Norwegian banks

Market Structure

  • Cards with a debit function are predominant. The domestic BankAxept debit card system accounted for 70.1% of card transactions in Norway and abroad in 2017; including all debit cards, the proportion is 89.9%.
  • Credit cards continued to grow in the past five years.
  • Card use, already among the highest in Europe, hit 425.4 payments per capita (309.4 on BankAxept debit cards) in 2017.
  • The Norwegian banks joined DNB to make the mobile payment app, Vipps, the ‘only mobile wallet’ for Norwegian customers.
  • Vipps, BankAxept and BankID Norway signed a letter of intent to merge the three companies.

Notable Market Trends

  • Mobile HCE NFC wallets, contactless BankAxept cards, Vipps,
  • card-less payments, tokenisation security, biometric cards.

Statistical Key Figures for 2017 provided in this profile:

  • UPDATED: tables with card business data 2013-2017; growth rates: Y-o-Y, CAGR
  • Population, Cards per Capita, Card Value per Capita
  • Debit Cards, Credit/Delayed Debit Cards, Total Cards
  • Card payments by number and by value, ATV per card, payments per card/year
  • ATMs, POS terminals, ATMs/POS terminals per 1 million capita
  • ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
  • POS payments by number/by value, ATV per POS payment, TXs per POS/month
  • Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
  • Issued Card brands by individual major issuer bank
  • Accepted card brands by individual major acquirer
  • Drill down into the debit card use and credit cards use details
Note: Product cover images may vary from those shown
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  • DNB
  • Nets
  • Vipps
  • Visa
Note: Product cover images may vary from those shown
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