Norges Bank Papers

Developments in retail payment services – 2014

Series: Norges Bank Papers
Number: 1/2015

Norges Bank Papers 1/2015 (PDF 503.5 Kb)

The strong growth in payment card use continued in 2014. The average number of card transactions per inhabitant in 2014 was 369. Cards are used for smaller and smaller payments. Payments abroad and over the internet represent a rising share of total payments. This contributed to faster growth in the use of inter-national cards than in the use of BankAxept. Together with increasing card use, reduced ATM and point-of-sale (POS) withdrawals indicate that cash is becoming less and less widely used in Norway.

Revised version 29 June 2015: The number of ATMs as of end-2014 has been revised from 1 764 to 2 033. Charts 17 and 18 have been replaced and the comments have been changed. Corresponding changes have also been made in the attachments.

Published 9 June 2015 14:30