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
Desktop
Mobile
Visa is one of world's largest global card networks
Mastercard is a market leading card scheme worldwide
PayPal is a major digital wallet, with over 300 million active consumers
Maestro is a debit product within the Mastercard offering
Apple Pay is the digital wallet of choice for millions of iOS users
American Express is a key credit card around the world
Diners Club credit cards are accepted in over 185 countries
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