European Payment Cards Yearbook

Denmark - Summary

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Market Overview
Payment Organization	PBS (Payment Business Systems) announced a merger with BBS of Norway in 2007 to form Nets. This was scaled back to an acquirer processing joint venture, but was revived in 2009-10 as a merger between PBS and Nordito, the Norwegian holding company which owns BBS and Teller (see also Norway profile).

Domestic Card Brand	Dankort debit cards, co-badged VISA for international use.

Market Structure	Debit cards are popular, with high levels of usage. There were 157 Dankort card payments per capita in 2010 (2009: 150). PBS acquires Dankort cards while Teller acquires international cards. Banks were prohibited by law from charging merchant fees for debit card acceptance, but this changed in January 2005.

Major Issuers	Danske Bank, Nordea, SEB Kort Danmark, Jyske Bank.

Major Acquirers	Teller (formerly PBS), SEB Kort.

Key Statistics 2010
Population	5.546 million
Cards	Debit: 6.0 million, thereof 4.4 million Dankort cards (PBS) Credit: 1.5 million Total: 7.5 million