Most used in-store (POS) payment methods in Denmark 2017-2023, with 2027 forecast
Debit cards remained the most used payment method in physical stores, although they increasingly lost market share to wallets. Regardless, debit cards formed the majority of Danish value spent in POS in 2023. The share of cash continued to decline, making up roughly eight percent of all in-store payments. A payment method that is becoming more and more popular is mobile payment apps. The most common payment app in Denmark is MobilePay, which was launched by Danske Bank in 2013. As of January 2020, the app had more than 97,000 active daily users in Denmark.