The two pillars of online payments in Denmark are the national card Dankort and the payment app MobilePay. Of the two, MobilePay is a de facto standard app installed by most of the adult population, having started as phone-number-based money transfer and expanded into e-commerce payments. Following its 2022 merger with Norway's Vipps, it is now operated by Vipps MobilePay AS, but the MobilePay brand is still what Danish consumers see. Explanation from the perspective of the merged entity and the broader Nordic integration is covered separately on the Vipps MobilePay page.

With low friction all the way to payment completion, it is especially effective in industries with high mobile share—subscription services, delivery and ticketing, and low-to-mid-priced everyday consumer goods. Danish consumers show a clear preference for familiar in-app approval over a checkout that requires entering card details, so the more revenue you generate from local consumers, the higher this should rank in your adoption priorities.

Selecting MobilePay at checkout invokes the MobilePay app on the consumer's smartphone; once the consumer confirms the amount and approves it in the app, payment completes through the card or account linked to the app. This in-app authentication naturally satisfies PSD2's SCA (Strong Customer Authentication) requirement. Hecto Financial collects the approved amount in DKK and, after conversion, settles it to the Korean merchant in the selected currency—USD, KRW, or JPY.

A Korean company can consider a structure for adding a MobilePay payment button to its online checkout through Hecto Financial, without a local contract in Denmark. That said, because this is an app-based payment method, the supported channels (web/app), industry restrictions, and fees and settlement cycle vary by merchant conditions, so prior consultation is needed.

• Business registration country

  Confirm contract eligibility as a business registered in Korea

• Sales channels

  Integration method and priority vary depending on your online sales channel mix—owned store, open marketplaces, mobile app, etc.

• Product categories

  You need to check in advance whether your products fall under categories restricted by MobilePay's operator merchant policy

• EU regulatory compliance

  Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

Settlement starts from the Danish krone (DKK). Hecto Financial collects in DKK the proceeds the consumer paid via MobilePay, converts it, and pays out to the Korean merchant in one of USD, KRW, or JPY selected in the contract. Refunds are processed through the original transaction route, and we recommend designing your refund processing timeline with the possibility of the 14-day right of withdrawal that applies to EU distance sales in mind.

• Danmarks Nationalbank (Denmark's central bank)Official information on Denmark's payment systems and related regulations. If this page's content differs from actual regulations, the official source takes precedence.