SiirtoFinland is the only Nordic country without a unified national mobile payment solution. Siirto has just been chosen to fill that gap, which makes it the Finnish project to watch.Siirto Brand Oy (joint venture of OP Financial Group and Nordea) · since 2017In October 2025, the Finnish Payments Council concluded that Siirto was best placed to operate the in-store instant payment solution and tasked it with implementing the agreed rulebook (Norges Bank, Dec. 2025)
Global registry · Europe · Northern Europe
Finland Payment systems
4 systems listed.
CurrencyEuro (EUR)
RegulatorSuomen Pankki (Bank of Finland) / FIN-FSA
Leading payment methods
CardsOnline bank transferWallets (MobilePay)BNPL
E-commerce shares
Cards · 30%Account-to-account · 30%Wallets · 20%Buy now, pay later · 15%Other · 5%
Bank buttons (verkkopankki). Finnish e-commerce was built on online banking payments: each bank offers its own instant transfer button, aggregated by local PSPs (Paytrail, Checkout).
Card payments per capitaamong the highest in the EU (>400 a year, ECB)
In-store cash share<10% of transactions
A highly banked, highly digital market with low cash use and widespread bank-issued digital identity (TUPAS, then the Finnish Trust Network), which streamlines payment authentication.
IBAN · Finland
18 charactersSEPA area643 bank codes602 BIC codes
- Total length
- 18 characters
- Bank code position
- 5–7
- BBAN structure
3!n11!n
Structurally valid example
FIcountry code21check digits123bank45600000785account
FI21 1234 5600 0007 85
Learn about this market. The guides and courses that cover it.
Merchant, acquirer, PSPPayment regulationCentral banks and payment infrastructuresAgents, distributors, and banking-as-a-service: who is liable for whatPayments in the BalkansPayments in the Baltics and FinlandAccepting payments in Germany, Austria, and SwitzerlandAccepting payments in Spain and PortugalChoosing a jurisdiction for your payment institutionAccepting payments in the Netherlands and BelgiumAccepting payments in the NordicsAccepting payments in Poland and Central Europe
Instant payments
Verkkopankkimaksu (Finnish online banking payment button)Finnish e-commerce was built on bilateral bank payment buttons rather than a unified scheme like iDEAL. Merchants integrate through aggregators (Paytrail, Checkout).Finnish banks individually (OP, Nordea, S-Pankki, Danske, etc.) · since 1990
Wallets
MobilePay FinlandThe only mobile payment solution of any scale in Finland, but its penetration is well below the rest of the Nordics because not all banks have signed on.Vipps MobilePay AS · since 2013About 2.8 million users (Vipps MobilePay annual report 2024); penetration well below Denmark, Norway, and Sweden
PivoDiscontinuedOne of three competing Finnish wallets whose fragmentation held back mobile payment adoption in Finland.OP Financial Group · since 2013Service discontinued (Norges Bank, Dec. 2025; exact date not specified)