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MobilePay P2P/P2B in Denmark

Danske Bank, Denmark’s largest payment card issuer, has offered its person-to-person (P2P) payment application MobilePay to all consumers in the country since 2013. The bank’s small business customers were offered a MobilePay app in 2014, which lets them receive person-to-business (P2B) payments. Last year 2.0 million active users generated $1.2 billion in P2P and P2B payments from 31 million transactions. Dankort, Denmark’s domestic debit card, was used for most of those transactions. MobilePay for online purchases launched in February of this year. Online purchases are initiated whe...

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March 2015
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