Advantages:
1. Widely accepted in Denmark and Finland
MobilePay has a very high adoption rate: more than 90% of the Danish population uses it. If you target this market, you will significantly increase your conversion rate by offering MobilePay.
2. Super fast and mobile optimized
MobilePay is designed entirely for mobile devices. Payments are completed quickly via the app, which leads to fewer dropouts at checkout, especially among smartphone users.
3. Real-time confirmation and processing
As soon as a customer pays, the payment is confirmed immediately. This allows you to deliver faster and reduces the risk of incorrect or duplicate orders.
4. Trusted brand among consumers
MobilePay's reputation and reliability mean that customers are more likely to complete a purchase, even at lesser-known online stores.
Disadvantages:
1. Only suitable for Danish and Finnish consumers.
MobilePay only works for users with a bank account and phone number from Denmark or Finland. This option is therefore not available to international customers.
2. Not available as standard with all PSPs
MobilePay is not supported by every (international) PSP. This limits your choice of payment provider or integration options.
3. Possible additional costs for currency conversion
Since MobilePay is processed in DKK (Danish kroner) or EUR (for Finnish users), currency conversion fees may apply if your webshop operates in a different currency or you wish to be paid in a different currency.
4. No direct support for recurring payments
MobilePay is primarily intended for one-off payments. It is less suitable for subscriptions or recurring billing than credit cards or SEPA direct debits, for example.
