This isn’t the full picture. It’s true that we have a national payment system called Dankort, but I think it’s debatable whether or not it’s saving retail money

This isn’t the full picture. It’s true that we have a national payment system called Dankort, but I think it’s debatable whether or not it’s saving retail money and it’s certainly possible to get a VISA card that isn’t tied to your Dankort. There are pros and cons to every system. The Dankort is very consumer friendly, and it’s cheaper than credit cards, but it’s not cheaper than debit cards and the Dankort itself isn’t really a true credit card nor is it a debit card. The fees are low because they are regulated by legislation, but at the same time, the fees are making the company that currently owns the bid to issue and control the Dankort a lot of money from their monopoly. One of the major downsides is actually the cost to retail. Accepting Dankort transaction is actually expensive, costing a store 20.000dkr a year per terminal. Which is why kost smaller retailers have turned to the mobile pay app. The major upside is that a Dankort works everywhere that isn’t a tiny/indie store, and that it had relative low fees for consumers. Of course Denmark being a tiny country of 5.5 million people and no real geographical challenges as far as size go, helps a lot in that regard.