Finland Payments Industry Overview
The Payments market in Finland is significantly fragmented, and the market encompasses a considerable level of competition. The companies operating in the market are undertaking various initiatives to increase their presence, contributing to market growth. Moreover, promising efforts by the government to propel digital payments will also increase the competition in the market over the coming years.
- June 2021 - Danske Bank A/S has agreed with OP Financial Group in Finland and the consortium of banks behind Vipps in Norway to merge the three mobile payment providers, MobilePay, Vipps, and Pivo. This merger is aimed at creating a comprehensive digital wallet.
- Jan 2021 - Paytrail Oyj, a Finnish payment service provider owned by Nets Group, has announced its plans to acquire Checkout Finland Oy. Following the acquisition, the company can offer expanded services and insights to the people of Finland. The move aligns with Nets' mission of strengthening its presence in the country while supporting the company's eCommerce goals in Europe.
Finland Payments Market Leaders
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2Checkout (Verifone)
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S-Pankki
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Nordea Bank
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Danske Bank
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OP Financial Group
- *Disclaimer: Major Players sorted in no particular order
