Finland is unique from a payment perspective because Finnish consumers prefer online bank payments to any other payment method. In 2014, 89% of Finns had access to internet broadband. In three years the Finnish e-commerce market has increased by almost a fifth and grew by 8.7% in 2013, meaning that Finnish consumers bought online goods and services worth 10.5 billion EUR (or an average of 1,900 EUR in 2013, whereas the European average is 1,600 EUR).

Among the strongest growing product categories are clothing, footwear, books, home electronics and pay - TV services. Computer and console games were also very popular, as they saw their sales rise by more than 60%. Sales of movie and music downloads grew by nearly 40%.

By integrating the Finnish online banking real-time bank transfer method, merchants offer the most popular alternative payment method in Finland.

By offering Finnish online banking, every Finnish consumer with a Finnish bank account can make payments online.

Fraud risk is low since the consumer logs directly into the bank’s online system and Finnish banks use TAN for additional security.

Product Description

Bank Transfer

Product Process

Upon purchase the consumer selects the option to pay with Verkkopankki. The consumer selects the bank of preference and logs in to home banking. Customer receives funds or purchase information instantly.

Product Sheet


Countries Supported


Merchant advantages

Enter markets with low credit card coverage
Lower risk of returns
Payment option familiar to the consumer
Trusted buying process
Increase sales
Accept more than just credit cards

Consumer advantages

Trusted payment method
No credit or debit card needed
Convenient, reliable, simple and secure
Access to more products and services
Language and currency localization
Simplified shopping experience

Set up your Alternative Payments account and sell online!

There are a lot more payments options customers from all over the world
feel more comfortable to use and trust much more than credit cards.

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