Europe · GDP rank #38
Denmark
DK · DKK @ 0.1554/USD
Denmark is one of the most digitalised payment economies in Europe — almost nine in ten in-store payments are digital — built around two structurally different rails. Dankort still runs ~40% of card transactions, but it has lost share steadily to international schemes and Apple/Google Pay. MobilePay (Vipps MobilePay since the 2022 merger) carries the mobile leg with ~4.5m users out of a population of ~6m. The krone is pegged to the euro via ERM-II at the central rate of 7.46038, and the Riksbank-equivalent debate about cash resilience and offline payments is now an explicit policy priority.
Tab 05
Cross-border
Inbound and outbound remittance corridors, tourism flows, FX markup on retail cross-border, and the country's posture on stablecoin adoption. Corridor figures come from the World Bank RPW feed or the publishing central bank; both are cited when they disagree.
Remittance inflows
USD · 2023
Remittance outflows
USD · 2023
Inbound tourism spend
DKK · 2024
Outbound tourism spend
DKK · 2024
Avg. corridor cost
% · Q4 2024
Net sender
Top inbound corridors
- SwedenUS$0.3B
via bank
- GermanyUS$0.2B
via bank
Top outbound corridors
- SwedenUS$0.4B
via bank
- PolandUS$0.3B
via MTO
- TurkeyUS$0.2B
via MTO
Cross-border card
Card flow leaving and arriving
Cards issued domestically and used abroad reflect outbound consumer travel and cross-border e-commerce; volume acquired from abroad reflects inbound tourism and foreign online shoppers.
Issued volume spent abroad
DKK/year · 2024
Acquired volume from abroad
DKK/year · 2024
FX cost
What consumers pay above the interbank
Retail FX markup is the spread between the mid-market rate and the rate the consumer receives — the single largest friction point in small-ticket cross-border.
- FX regime
- pegged
- Reference
- DKK pegged to EUR at central rate 7.46038 within ERM-II since 1 January 1999. Formal band ±2.25%; Nationalbanken in practice maintains a much tighter ±0.5% range.
Source · Danmarks Nationalbank
Full reference
Remittances
Net Position: sender
Source: