Denmark no. 11 in Digital Money Index 2016

Denmark ranks eleventh in the global Digital Money Index 2016 by Citigroup, taking the fourth position in the sub-index Digital Money Solutions. If you are looking for fintech business opportunities, stop by the Money 20/20 Europe event in Copenhagen this April.

The Scandinavian countries are in the vanguard of digital money, and Denmark is no exception to the rule.

In the recent Digital Money Index 2016 by Citigroup and Imperial College London, which tracked the readiness for digital money adoption in 90 countries, Denmark keeps its position as number 11 in the world.

40% use mobile payment services  

The Danish government is keen to wean people off cash and has proposed allowing certain retail outlets to stop dealing in paper money. 

The idea is to cut costs and crime, and the move appeals to the Danes. Almost 40% of the populace use the MobilePay service for peer-to-peer transfers and mobile payments. There are discussions about encouraging the wider use of cryptocurrencies. 

Money 20/20 Europe in Copenhagen this April

“Denmark has traditionally had a high level of innovation and tech readiness within the financial services sector with close links to the established suppliers of IT and technology. Coupled with Denmark’s strong culture for collaboration between business and public authorities, Greater Copenhagen offers a unique environment for creating new and durable digital solutions”, says Claus Lønborg, CEO, Copenhagen Capacity.

“On 4-7 April 2016, Copenhagen will host the fintech event Money 20/20 Europe, and we look forward to welcoming a lot of international investors and financial services industry players to show what Greater Copenhagen can offer”, he adds.

How can we help you?

Copenhagen Capacity supports foreign companies, investors and talent in making a successful start in Greater Copenhagen, free of charge.

If you want to know more, please do not hesitate to contact one of our business consultants.

Please see more in the Digital Money Index 2016 here.