Hyderabad, India -- (SBWIRE) -- 06/12/2018 -- Denmark, with highest per capita income and the highest level of income equality in the world, stands at the 10th position of world's strongest financial markets and holds financial assets more than USD 2 trillion. The cards and payments industry of Denmark is one of the world's highly regulated and advanced industries.

Started way back in 1960, the cards and payments industry of Denmark is very strong, and banks in Denmark were among the first that introduced and invested in electronic payment services in the world. Dankort, the national debit card introduced by PBS A/S in 1983 has changed the payment structure of the country with the consumers' migrations from cash and check payments to car-based payments. Dankort and its co-badged solutions still commandeer the Danish cards and payments industry irrespective of the fierce competition from international payment cards.

Very recently, Global Market Intelligence Firm "MarketDataForecast" published a research report on "Denmark Cards and Payments Market", browse details of the report @ https://www.marketdataforecast.com/press-releases/Denmark-Cards-And-Payments-Industry-7763/

Some of the report findings:
Strong Regulated Framework
The cards and payments industry of Denmark is advanced among other economies due to its strict regulatory frameworks and properly maintained settlement system. The National Bank of Denmark and the Danish Competition and Consumer Authority (DCCA) govern the Ministry for Economic and Business Affairs in the industry regulations.

Increasing use of international payment cards
The use of credit cards and co-badged debit cards has increased in the cards and payments industry of Denmark since 2010, along with the number of functional cards in the market. During the review period, the economic crisis has resulted in slow growth of international payment cards, which are anticipated to grow higher in the future increasing the revenue and profits.

Dankort's leading contribution
The increasing acceptability and protected transactions offered by Dankort has resulted in the growth of cards and payments industry in Denmark, changing the customer preference from checks and cash to card-based transactions. Almost every citizen of the country had one Dankort card, and this card is accepted at approximately 80,000 retail outlets and 13,000 online merchants in Denmark.

Government initiatives
To fulfil the requirements of changing industry trends in the card payments channel, The Ministry of Economic and Business Affairs and the DCCA have made some modifications in Denmark's laws and regulations. The changes also improved the security of the system of hierarchy offering services to international operators in the country. Structured settlement systems and improved operational efficiency have promoted the growth of Danish cards and payments industry in the rapidly changing market environment.

Avail Sample Brochure of the report for more information, Get a Copy @ https://www.marketdataforecast.com/market-reports/Denmark-Cards-and-Payments-Market-6938/request-sample

Increase in e-commerce and mobile commerce
Transactions through online purchases and mobile business have been increasing in the country, which will continue the same trend in the future. Payment cards are the most preferred choice of payments in e-trade and m-commerce that supplements to the growth of cards and payments industry of Denmark.

Changing preferences towards card payments
The cards and payments industry of Denmark is one of the world's advanced markets, and this was mainly attributed to the changing preferences of the customers to use payment cards for financial transactions. Multiple categories of cards for mobile recharge, gifts, retail purchases, fuel payments, travel costs, payroll and insurance cover have been in demand among the Danish customers.

Some of the leading players dominating the market:
1. Danske Bank
2. Nordea
3. Jyske Bank
4. Sydbank
5. Arbejdernes Landsbank
6. Nykredit
7. SEB
8. Alm. Brand Bank
9. BankNordik
10. Basisbank
11. The Jutland Sparekasse
12. Djurslands Bank
13. Spar Nord Bank
14. Vestjysk Bank

Key Questions Answered by the report
What is the market size of the Denmark Cards and Payments market?
What are the major operators and issuers in Denmark?
What is the current state of emerging payment technologies?
Reasons to Purchase this report

Track key industry trends, opportunities and threats related to the Denmark cards and payments industry and each market within it.
Gain insights into the competitive landscape of card issuers for both, debit cards and pay later cards.
Gain insights into marketing strategies used by market players for various card types in Denmark.
Gain insights into key regulations governing the Denmark cards and payments market

Inquire more about the report @ https://www.marketdataforecast.com/market-reports/Denmark-Cards-and-Payments-Market-6938/inquire

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