Payment methods in Iceland

Card payments are very popular in Iceland, while credit transfers are used for high value corporate and low value retail transactions. Direct debits are used mostly for recurring and utility bills.

Population

300,000

Icelandic krona

Popular payment methods

Visa

Cards

Visa is one of world's largest global card networks
Mastercard

Cards

Mastercard is a market leading card scheme worldwide
PayPal

Digital wallets

PayPal is a major digital wallet, with over 300 million active consumers
Maestro

Cards

Maestro is a debit product within the Mastercard offering
Apple Pay

Digital wallets, Cards

Apple Pay is the digital wallet of choice for millions of iOS users
American Express (AMEX)

Cards

American Express is a key credit card around the world
Diners

Cards

Diners Club credit cards are accepted in over 185 countries

Want to see how people pay in other countries?

Browse and filter 100+ payment methods on region, channel, and more.

Go to payment method explorer