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With the increasing number of operators and growing variety of solutions, the habits of European consumers are clearly changing when it comes to payments. The major move towards digital private payments has been illustrated by the sweeping success of innovative systems in many countries such as Sweden and Denmark. Here the banks have played a central role in the adoption of new payment options by consumers.
From solutions to success in Europe
Although private payments may appear insignificant, these transactions added up to over 1,000 billion dollars around the world(1) in 2014. These are mostly cash transactions due to the lack of alternatives for consumers up to now. However, new models are finally emerging in Europe. A prime example is Sweden,...
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