With the increased digitalization of payments, here are the most popular online wallets in Finland right now

Digitalization has taken the world by storm. The modern human lives an existence surrounded by online activities, platforms, and apps. Whether it be social media platforms like X, Facebook, Instagram, or TikTok, or video platforms like YouTube and Tw

By: helsinkitimes.fi

Aug 20 2024
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With the increased digitalizat

Digitalization has taken the world by storm. The modern human lives an existence surrounded by online activities, platforms, and apps. Whether it be social media platforms like X, Facebook, Instagram, or TikTok, or video platforms like YouTube and Twitch, there is always something out there to catch your attention—and the minutes in your day.

In this article, we look at the phenomenon of digitalized payments. Gone are the days when you would have to dig for coins in your purse or grab a note to hand to the waitress.

Electronic payments are all the rage, and with that, we also have new online wallets and other payment services popping up left and right. Here we list some of the most popular online wallets in Finland.

1. PayPal

One of the very first online wallets to hit the scene in Finland—or anywhere else, for that matter—was PayPal. This American product was invented in December 1998 and is currently owned by its own company PayPal Holdings. For a period from 2002 to 2015, it was even under the ownership of eBay, which remains the biggest online auction service in the world.

The Finns adopted PayPal just about the same time as eBay hit the Finnish shores. PayPal was a convenient way to pay, whether you chose to fund your online wallet or just link your credit card to the service.

Since the beginning days of PayPal, the method’s stranglehold on the web payment industry has loosened quite a bit. Even so, PayPal might still be the most popular online wallet available in the Finnish market.

2. Neteller

Neteller is another important part of the online wallet puzzle. Owned by Paysafe Group, Neteller was first released in 1999. It was long after this, however, that Neteller eventually started becoming more prominent in the Finnish market.

Most Finnish players mainly use Neteller to pay for their online casino deposits. A lot of Finnish online casinos are known for providing players with plenty of variety when it comes to paying for their entertainment.

While Neteller has emerged as one of the most popular online wallets, most Finnish players opt to make their deposits with fast online payment systems such as Brite. This allows players easy access to online gaming without the hassle of having to create any accounts for online wallets or even the casinos themselves. In short, this service is called pay n play, which means players merely need to pay in order to start playing.

3. Skrill

Rather similar to Neteller is Skrill. Originally, Skrill hit the market with the name Moneybookers in 2001. However, after a decade in operation, it was rebranded to Skrill.

Many readers will probably be surprised to hear that Skrill, too, is owned by Paysafe Group. This is because, in 2015, Skrill was acquired by the parent company of its biggest rival for 1.1 billion Euros. This makes sense as the two online wallets are indeed a lot alike.

Skrill, too, has become a favorite among Finnish online casino players. Consequently, its popularity is up there with that of Neteller.

4. Apple Pay

Apple is obviously a major name in the realm of technology. The massive American company creates mobile phones, tablets, laptops, and several other items. It is no wonder then, that the Californian creation also has its very own online wallet payment system in Apple Pay.

Apple Pay first came to be in 2014. It has since been available on all current Apple iPhones, iPads, and laptops.

5. Google Pay

Google is another technological behemoth that has its fingerprints all over several industries. In 2015, the search engine company released its Android Pay product, which would be rebranded to Google Pay in 2018.

Nowadays, every Android mobile phone comes integrated with the Google Pay App.

Conclusion

Paying for things has always been an important part of our daily lives. With the help of the 5 online wallets mentioned in this article, we never have to stop transferring money, even when we go online.