Please Wait.....
Report
Norway Mobile Payments - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 100 Pages I Mordor Intelligence
The Norway Mobile Payments Market is expected to register a CAGR of 10.1% during the forecast period.
Norway has had an efficient payment system that benefits all consumers for several decades. The adoption of the new technology is changing the payment gateway. The number of mobile payments and contactless card payment is on the rise. It has opened opportunities for new types of payment systems and new kinds of money. Most banks in Norway are launching central bank digital currencies, which helps the market grow.
Key Highlights
- Norwegian banks are vulnerable to cyberattacks and hacking. Financial stability may be put at risk as attacks become more sophisticated. Inadequate security can stifle market growth. The Norwegian financial system is vulnerable due to its high level of digitalization and interconnection. Financial institutions are reporting increasingly sophisticated attacks.
- Apps for mobile banking are becoming more common. App developers can identify the immediate impact of these apps and create them to satisfy the needs of all users. Banking consumers receive assistance that they never imagined possible because of artificial intelligence. Instead of being forced to visit a physical location, customers now have more options than ever.
- The impact of the COVID-19 pandemic on Norway's mobile payment was positive as the payment market has transformed with major change as the people of Norway have increased the option of opting for contactless payments and reduced cash usage. Though the covid has hampered many industries' e-commerce for the short term due to reduced consumer spending, it has made online purchasing more appealing, as most consumers are staying at home and using online platforms to purchase goods.
Norway Mobile Payments Market Trends
Growing Adoption of the Online Shopping among the Norwegian
- Mobile shopping is becoming the norm, and the Omni channel is still a powerful strategy in many segments. On the payment side, the local payment option VIPPS is rapidly gaining traction and winning market share. Data-driven customer focus and partnerships with strong synergies seem to be the fortification strategy for an expected Amazon entry in 2020 or 2021.
- With the high bank, smartphone, and internet penetration, Norway has an excellent infrastructure to support e-commerce merchants. Cards are a priority for online payments. For a long time, Norway has been an affluent market with a major interest in e-commerce and many purchases made from foreign retailers due to geographical and logistical factors.
- According to the data published by Statistics Norway, the share of online shoppers in Norway Films and music purchases had the largest share of online shoppers in Norway as of 2021. While travel services were purchased online by as high as 60 percent of the consumers in 2019, by 2020, this share dropped to 34 percent due to the coronavirus pandemic and remained stable in 2021. Likewise, online shopping for events dropped from 51 percent in 2019 to 12 percent in 2021.
- According to a survey of Norges Bank the previous year, PayPal was the second most common digital payment method in Norway after paying with cards. Vipps was the third most common digital payment method, used by around a third of the respondents.
Rise of E-commerce Industry In Norway
- Over the past few decades, Norway has been an affluent market with a major interest in e-commerce and many purchases made from foreign retailers due to geographical and logistical factors.
- Payment by debit card and credit card is a preferred option for consumers in Norway, but other electronic and wireless payment options are growing rapidly. Less than 30% of consumers think it is important to have the opportunity to pay via invoice. VIPPS, owned by most major regional banks, is growing rapidly and may already have taken the lead as the preferred payment method. Apple Pay and Pay Pal still have marginal market share.
- Amid growing demand for e-commerce purchases, Norwegian supermarket chain Coop Norge AS launched its online store in November 2021, enabling consumers to purchase grocery items online. Meanwhile, Denmark-based home accessories retailer Sostrene Grene launched its online store in the country in March 2021.
- E-commerce is firmly entrenched in Norway, a country boasting excellent digital infrastructure and comfortable adapting to new technology. Most of the population, 79 %, have already shopped online. With 53 % of transactions completed via mobile, Norway has one of the highest mobile commerce rates in Europe, outranking much larger e-commerce economies such as France and Germany.
Norway Mobile Payments Industry Overview
The Norway America Mobile Payments Market is highly competitive and fragmented, with major players such as Vipps, Apple Inc., PayPal Inc., mCash, and others. Companies are introducing new offerings to increase market share and continuously investing in partnerships, acquisitions, and product development. The companies' most recent developments are listed below.
- June 2021-MobilePay merged with Norwegian Vipps and Finnish Pivo, creating one of Europe's largest bank-owned mobile payment providers. Vipps in Norway to connect the three mobile payment providers, MobilePay, Vipps, and Pivo. The ambition is to create Europe's best and most comprehensive digital wallet. Serving 11 million users and over 330,000 shops and web shops, the company will be one of Europe's largest bank-owned mobile payment providers.
- February 2021 - PayPal is made available to Nordic merchants by Nets European payment services provider. The change will allow the company's customers in Washington to use PayPal on the Nets e-commerce platform NetsEASY.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Intensity of Competitive Rivalry
4.3.5 Threat of Substitutes
4.4 COVID-19 Impact on the Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Adoption of the Digitalization
5.1.2 Rise of Personal Financial Apps
5.2 Market Restraints
5.2.1 Security of the Data can Hinder the Growth of the Market
6 MARKET SEGMENTATION
6.1 Payment Mode
6.1.1 Proximity Payment
6.1.2 Remote Payment
6.2 By Technology
6.2.1 NFC
6.2.2 QR Code
6.2.3 WAP & Card-Based
6.2.4 Banking App-based
6.2.5 Others
6.3 By End User
6.3.1 Healthcare
6.3.2 Retail
6.3.3 Energy & Utilities
6.3.4 Hospitality and Transporatation
6.3.5 Entertainment
6.3.6 Others
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Latin America
6.4.5 Middle-East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Apple, Inc.
7.1.2 Alipay
7.1.3 Boku
7.1.4 Google
7.1.5 PayPal
7.1.6 Early Warning Services, LLC
7.1.7 The Western Union Company
7.1.8 Intuit Pay
7.1.9 Bank Of America
7.1.10 Paytm
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security