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 06
Fraud & security
Headline fraud totals and typology splits, the rollout of EMV chip, tokenisation, 3DS and biometrics, and the controlling data-protection and payments statutes.
Annual fraud losses
DKK · 2024
Loss rate
basis points on transaction value · 2024
Above the EEA average; CNP intensity reflects digital-economy concentration.
CNP share of fraud
% · 2024
Fraud typology
Where losses come from
Card-not-present dominates every developed-market fraud profile — counterfeit and lost/stolen have both been mechanically suppressed by EMV and tokenisation over the last decade.
Share of card fraud
- Card-not-present (e-commerce)82%
- Authorised push payment / smishingkr.380M
Authentication
What's deployed on cards today
EMV is the floor; tokenisation removes PAN from merchant systems; 3DS covers the CNP flow; biometric auth drives device-level wallet transactions. Adoption gaps between markets are the clearest signal of fraud-regime maturity.
EMV chip penetration
% · 2024
Tokenised transactions
% · 2024
3DS coverage · CNP
% · 2024
Mandatory under PSD2 RTS.
Biometric mobile wallet txns
% · 2024
Consumer protection
- Framework
- Betalingsloven (Payments Act) implementing PSD2; Finanstilsynet supervision
- Max consumer liability
- kr.375 for unauthorised transactions
- Liability rules
- Consumer liability for unauthorised card or SEPA transactions capped at kr.375 under Payments Act §100 (lower than the PSD2 €50 minimum). Authorised push-payment fraud reimbursement is case-by-case under banking industry code; no automatic reimbursement comparable to UK PSR.
Source · Finanstilsynet
Security standards
- ▌PCI DSS 4.0 (mandatory March 2025)
- ▌PSD2 Strong Customer Authentication (in force)
- ▌DORA (in force from January 2025)
- ▌Card-payment contingency framework (Betalingsrådet, 2024–26 phased)