European Payment Cards Yearbook

Norway - Summary

	Price: £50.00
Market Overview
Payment Organization	NETS (absorbed BBS in 2010).

Domestic Card Brand	BankAxept debit cards, mostly co-badged VISA debit.

Market Structure	Card use, already among the highest in Europe, hit 247.1 payments per capita (216.5 on BankAxept debit cards) in 2010. Cards with a debit function are predominant. The national BankAxept debit card system accounted for 82% of card transactions in Norway and abroad in 2010; including all debit cards, the proportion is 93%. Credit cards have also grown rapidly in the past five years.

Major Issuers	DnB NOR, Nordea, Terra Gruppen, EnterCard, EuroCard (SEB).

Major Acquirers	Teller, Elavon, Nordea.

Key Statistics 2010
Population	4.889 million
Cards	Debit: 6.5 million (BankAxept) Cards with credit function: 5.5 million (see footnote) Total: 12.1 million