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4 rising cross-border payment apps in Denmark

By Gloria Methri

April 10, 2023

  • borderless payments
  • Coinify
  • Cross Border Payments

FinTech, Payments, Denmark, PayTechs, Cross-Border Payments, Borderless Payments, Digital RemittancesDenmark, a developed and modern economy, is heavily dependent on foreign trade, with a significant portion of its GDP coming from exports. This makes cross-border payments a vital aspect of Denmark’s economy. In recent years, there have been significant developments in cross-border payment systems that have made it easier and more efficient for businesses and individuals to transfer funds internationally.

The implementation of SEPA, the SWIFT network, and the Instant Payment system has promoted Denmark’s continued growth and success in the global marketplace.

There are several cross-border payment apps headquartered in Denmark. Here are a few examples:

MobilePay is a popular Danish payment app that allows users to send and receive money domestically and internationally. The app is owned by Danske Bank and it is widely used in Denmark, but it also works in other Nordic countries.

Lunar is a Danish FinTech company that offers a range of financial services, including a payment app. The app allows users to send and receive payments, manage their finances, and invest their money.

Pleo is a Danish payment app that is designed for businesses. The app allows employees to make purchases using virtual debit cards, and it offers features like automated expense reporting and real-time spending insights.

Coinify is a Danish cryptocurrency payment platform that allows users to buy, sell, and store cryptocurrencies like Bitcoin and Ethereum. The platform also offers payment processing services for businesses that want to accept cryptocurrency payments.

Also read: Global Payments Vendors and Landscape Report Q2 2024

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