Snapshot Norway – Card Volumes October 2017

Norway has the most effective payment infrastructure in the world. Interesting is to see how and why, so here is a snapshot of volumes and transactions during October 2017 (figures posted at Finans Norge). Local card scheme BankAxept is used in 86% of all card purchases.

October 2017

  • Total card volume, 50.6 billion NOK
  • Total number of card transactions, 154.8 million tx
  • Volume via local scheme BankAxept, 40.7 billion NOK (80% of total volume)
  • Transactions via BankAxept, 133.4 million tx (86% of total card tx’s)
  • Rest of the transactions volume was via different international cards, credit cards and digital gift cards.
  • Almost 60% of the BankAxept transaction volume was on purchases below 200 NOK (= €22)

My estimate is that cards in Norway stands for approx 85% of the payment transactions in the country, amazing.

Bildresultat för picture bankaxept

 

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