Top 5 Payment Providers Offered by Finnish Online Stores 2023

Which Payment Providers Dominate the eCommerce Market in Finland in 2023?

In the Finnish eCommerce landscape of 2023, payment provider penetration reveals a clear hierarchy dominated by traditional card services. VISA and Mastercard lead the pack with impressive penetration rates of 95.6% each, showcasing the strong trust and widespread acceptance of these card providers within the Finnish eCommerce market. Bank transfer/cash in advance holds a significant presence as well, with a penetration rate of 56.6%, indicating a preference among Finnish businesses for local payment solutions tailored to meet specific national commerce needs. American Express follows with a penetration rate of 43.9%, reflecting a growing shift towards mobile-driven financial transactions in Finland. PayPal trails behind with a penetration rate of 37.6%, highlighting the evolving digital payment landscape in the country. The data from 2023 underscores the dominance of traditional card providers in Finland, while also showcasing the emergence of newer digital payment methods driven by consumer demand for convenience and innovation in payment technologies.

Main Facts: Dominant Payment Providers in Finnish eCommerce Market 2023

• VISA and Mastercard dominate the Finnish eCommerce market in 2023 with a penetration rate of 95.6% each.
• Bank transfer/cash in advance follows with a penetration rate of 56.6%.
• American Express and PayPal round out the top 5 payment providers with penetration rates of 43.9% and 37.6% respectively.