Norway Cards and Payments: Opportunities and Risks to 2030

Norway Cards and Payments: Opportunities and Risks to 2030

Summary

The analyst’s ‘Norway Cards and Payments: Opportunities and Risks to 2030' report provides detailed analysis of market trends in Norway cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry including cards, credit transfer, cash, direct debits and cheques during the review-period (2022-26e).

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 (2026e-30f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the analyst’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.

The analyst’s ‘Norway Cards and Payments: Opportunities and Risks to 2030' report provides top-level market analysis, information and insights into Norway cards and payments industry, including:

• Current and forecast values for each market in Norway cards and payments industry, including debit, credit and charge cards.
• Detailed insights into payment instruments including cards, credit transfer, cash, 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 Norway 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 Norway cards and payments industry.

Key Highlights

• In June 2026, Sparebanken Norge enabled its customers to use BankAxept within Apple Pay, allowing BankAxept card holders to make mobile payments via Apple’s digital wallet. Customers can now select BankAxept as the default payment method for Apple Pay transactions, giving merchants an option with lower cost per transaction compared to international card networks. This development extends Sparebanken Norge’s offering to approximately 800,000 customers.
• In January 2026, Klarna introduced P2P payment services in 13 European countries including Norway. This feature enables users to send and receive money directly through its platform. This allows Klarna users to transfer funds using their mobile number, email address, QR code or a saved contact, with transactions settled instantly. On similar note, in December 2025, Klarna rolled out tap to pay contactless payments in 14 European markets including Norway. This enables users to make secure and convenient tap to pay payments via a smartphone at partnered stores providing a convenient alternative to traditional payment methods.
• In February 2026, Moonrise by Lunar announced the launch of instant payments in Norway through direct connectivity to the Norwegian Interbank Clearing System (NICS). The integration enables international fintechs, banks, and payment service providers to send and receive payments in real time, 24 hours a day, seven days a week, 365 days a year. With this addition, Moonrise provides API-based access to the instant payment systems of Norway, Denmark, and Sweden via a single integration. The service is supported by local virtual account numbers that allow partners to offer a domestic payment experience.

Scope

• Card market size in terms of number of cards, value and volume of transactions in Norway along with detailed card segmentation of debit, credit and charge cards available in the country.
• Market sizing and analysis of major payment instruments including cards, credit transfer, cash, direct debits and cheques.
• Payment market trends and growth for both historical and forecast period
• Competitor analysis with detailed insights into leading card issuers and schemes.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• A detailed snapshot of country's key alternative payment brands.

Reasons to Buy

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