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Pay by bank (DK)
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)
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.
