5. august 2021

Record summer in MobilePay

June was a record setting month for MobilePay in both Denmark and Finland. Even the normally weaker July performed much better than earlier and delivered several records. After a strong summer MobilePay is now heading for high growth for the 9th year in a row.

The summer months in MobilePay have been very successful. June showed all time high results in both Denmark and Finland. The normally weaker July was also clearly better than earlier years.

“The numbers are extremely good and reflect the attractiveness of our products. They do however also reflect that our societies are leaving COVID behind. Consumers are again optimistic about the future. Besides, many Danes and Finns have this year had their vacation in their home countries and used MobilePay more during the summer than normally,” says Claus Bunkenborg, CEO of MobilePay.

During 2021 business transactions in Denmark have grown with impressive 45% compared with the same period last year. In Finland it is even better, namely 119%. In Finland person-to-person transactions are also continuing the rapid growth and are up with 71%.

For the year to date the share of business transactions in Denmark is now close to 45%. In Finland it is 36%.

In general MobilePay Finland is in a sharper growth phase than Denmark, however growing from a lower activity level.

“During 2021 business transactions in Denmark have grown with impressive 45% compared with the same period last year. In Finland it is even better, namely 119%.

Finland passes six million transactions in June and July

For June alone MobilePay Finland passed six million transactions in a month for the first time. In volume its 200 million Euro. However July became even better with 6.6 m transactions, in volume 222 million Euro.

Denmark also had the highest amount of transactions ever in June, 38.8 million, in volume 13.9 billion kroner.

During July the total amount of transactions in Finland was 74% higher than July last year. In Denmark transactions in July were 14% higher than July last year and reached almost 36 million, equivalent to 13.5 billion kroner.

“In both Denmark and Finland our online sales solutions have been doing fantastic during the period with COVID restrictions. They are still doing very well, and on top of that our solutions for physical shops are now also doing great again. Most remarkable is MyShop in Denmark that during June had the best month ever with 6.2 million transactions,” says Claus Bunkenborg.

Other key numbers for MobilePay

Key numbers for MobilePay in Denmark during the summer

MobilePay Point of Sale in June had its best month in 2021, back on the level of the re-opening of society in the fall of 2020
More than 23.000 new shops have been activated from January to July
MobilePay passed 4.3 million Danish users during July
Person-to-person transactions in June had the best month ever. 21.4 million transactions. In volume 7.9 billion kroner
MobilePay Box had its best month ever in June
MobilePay Online and MobilePay AppSwitch were in June close to record levels. 3.5 billion kroner and 330 million kroner transferred
MobilePay Subscriptions in July more than doubled compared to same month last year and had its best month ever. Now 179 million kroner in monthly payments and 870.000 transactions during the month
Year to date MobilePay Online has now passed 24 billion kroner in volume. It is 100% more than for the same period in 2020

Key numbers for MobilePay in Finland during the summer

An impressive number of almost 1,200 Finns are becoming new users every day. MobilePay FI is by the end of July getting close to 1.8 million users
The activity level for the users is also growing. Almost 1 million Finns made at least 1 person-to-person in July. Twelve months back it was 650.000
4.300 new shops have been activated from January to July
Person-to-person transactions had the best month ever in July. 4.2 million transactions. In volume 165 million Euro
MobilePay Point of Sale had its best month ever in July
MobilePay Online and MobilePay AppSwitch also had the best month ever in July with 934.000 and 844.000 transactions, equivalent to 37.9 and 10.6 m Euro. Both solutions have more than doubled the monthly business activity in a year