Next Gen Nordics: 80% of Nordic payments now contactless

finextra.com:

NextGen Nordics will bring together multiple stakeholders – the banking community, central banks, public authorities and trade and business beneficiaries – to generate community discussion, explore the benefits and offer practical advice on activating the opportunities of new technologies in the Nordic region. Register for the event here.

80% of payments now contactless in the Nordics

Nets, part of the PayTech Nexi Group, has published new data on card payments and in-app card mobile payments this week, revealing that in 2021, averageusage of contactless card payments increased from 74% in 2020, to 80% in 2021. Alongside this, a staggering 90% of payments are contactless in Denmark, 87% in Norway, 71% in Finland, and Sweden, 70%.

Robert Hoffmann, head of merchant Services at Nets, says: “The Nordic region is the most digitised in the world and certainly among the leaders in digital payments. Nordic consumers have adopted contactless as the standard way to use their payment card at physical sales locations and the pandemic has been a strong driver for these ‘tap and go’ payments.”

Enfuce launches MyCard

Finnish company Enfuce has this week introduced MyCard, a physical card which will allow European fintech firms to launch their own payment card in as little as two weeks. The turnkey card issuing service covers everything from BIN sponsorship and card scheme integration, to compliance, fraud prevention, and dispute management. Additionally, the cards are offered in a range of sustainable materials including recycled PVC, PETG, and sea plastics.

Following this, Memo Bank announced they had picked Enfuce as its card issuing provider for the launch of its expense platform, which can be integrated into a bank account.

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