Top 5 Payment Providers Offered by Norwegian Online Stores 2023

What are the Top 5 Payment Providers in the Norwegian eCommerce Market Offered by Online Stores in 2023?

In the Norwegian eCommerce landscape of 2023, payment provider penetration (percentage of stores offering the provider among available payment methods) showcases a clear dominance of traditional card services. VISA and Mastercard lead the market with impressive penetration rates of 97.1% each, highlighting the strong trust and widespread usage of these card providers within the Norwegian eCommerce sector. Klarna, known for its innovative payment solutions, holds a significant presence with a penetration rate of 39.0% for invoice payments and 31.7% for installment payments. This data suggests a growing preference among Norwegian businesses for flexible payment options that cater to varying consumer needs. In the e-wallet sector, Vipps emerges as a key player with a penetration rate of 29.3%, indicating a gradual shift towards mobile-driven financial transactions in the Norwegian market. The 2023 data underscores the evolving landscape of digital payments in Norway, with traditional card providers maintaining their stronghold while newer payment methods like e-wallets and installment options gain traction, driven by consumer demand for convenience and diverse payment solutions.

Main Facts: Dominant Payment Providers in Norwegian eCommerce Market 2023

• VISA and Mastercard dominate the Norwegian eCommerce market with a penetration rate of 97.1% each for card payments.
• Klarna secures a significant presence with 39.0% penetration for invoice payments and 31.7% for installment payments.
• Vipps leads the e-wallet options with a penetration rate of 29.3%, showcasing its popularity among Norwegian consumers.