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Norway
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Top e-commerce industries
23%
Electronics
Hobby & Leisure
23%
Fashion
Furniture & Homeware
Care Products
DIY
11%
Grocery
Oslo
Capital
5.5M
Population
GMT+1
Time Zone (GMT)
NOK
Currency
Norwegian krone
$86.3B
Transactions
value in 2030
19.1%
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 in Norway is a direct account-to-account online payment method with ver 10,000 merchants enabled.
Method
Pay by Bank (NO)
Pay by Bank (NO)
LPM Market Share
15%
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
NOK
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
Pay by Bank is becoming a foundational pillar of Norway’s payments landscape in 2025, driven by consumer and merchant demands for cost-efficiency, safety, convenience, and real-time settlement.
