Central Banking

Danes naturals for mobile payments

national-bank-of-denmark

Mobile phones should be used more in Denmark as a payment instrument to purchase goods and services, new research from the country's central bank posits.

The research finds that the mobile phone market penetration is close to 100% in Denmark. The research also shows that mobile payments are in many contexts a more simple and faster way of making payments than other payment methods.

The volume of mobile payments is still relatively limited in Denmark, the research notes. However, it also shows

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