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Denmark
%20(1).png)
Top e-commerce industries
20.5%
Electronics
25%
Hobby & Leisure
17.8%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Copenhagen
Capital
5.9M
Population
GMT+1
Time Zone (GMT)
DKK
Currency
Danish krone
$71.2B
Transactions
value in 2030
18.4%
CAGR
of Digital Payments
during 2025-2030
during 2025-2030
Popularity of e-commerce payment methods
Extend your reach
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Pay by Bank (open banking) in Denmark is a rapidly growing payment method enabled by PSD2, allowing real-time account-to-account payments through secure APIs, bypassing traditional card networks and leveraging high digital infrastructure and nationwide bank account penetration.
Method
Pay by bank (DK)
Pay by bank (DK)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
DKK
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
Universal bank account and internet penetration ensure addressability for open banking payments.
