Security and trust in Nordic payments: navigating today's challenges

Security and trust form the foundation of thriving digital payments, yet they face significant hurdles in today's rapidly evolving landscape.

Each year, Visa Consulting & Analytics (VCA) conducts a comprehensive Nordic Digital payments study, revealing valuable security insights across Denmark, Finland, Iceland, Norway, and Sweden. This white paper delves into the region’s payment ecosystem, with a focus on security and trust.

Our 2024 findings reveal key trends:

• Nearly half of Nordic consumers faced fraud attempts across the region
• Social engineering attacks grew rapidly, with vishing in Sweden surging 555% since 2019
• Fraud victims lost an average of €154, with 55% receiving no reimbursement
• Perceptions of payment security are increasingly important for consumer confidence

These insights chart a course for action: banks can strengthen security without sacrificing convenience, adapt powerful card security tools for A2A payments, and transform dispute resolution to build lasting trust.

Curious for more? Download Visa's white paper for valuable insights on how to:

• Enhance payment security without compromising user experience
• Adapt existing fraud prevention techniques to new payment methods
• Rebuild consumer confidence and strengthen dispute resolution processes

For expert analysis and actionable recommendations, fill out the form to access the white paper.