Iceland is a Nordic European island country situated at the confluence of the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge. It is the most sparsely populated country in Europe. Link to external site : Website for Iceland |  |
| Wallets | |
| Development | Developed |
| Send or Receive |
Send Register/Log In |
| GDP ($m) |
19,962.86 Register/Log In |
| HDI classification | Very High |
| Mobile Connections (m) |
0.423 Upgrade to Bronze |
| Currency | ISK |
| Class | |
| CountryISO | IS |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Siminn",177341],["Vodafone (Teymi)",142251],["Nova",91099],["Alterna (WorldCell)",12401]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",229241],["Q4 2001",252980],["Q4 2002",270429],["Q4 2003",281950],["Q4 2004",296084],["Q4 2005",290895],["Q4 2006",313138],["Q4 2007",338360],["Q4 2008",355758],["Q4 2009",385094],["Q4 2010",401593],["Q4 2011",413329],["Q4 2012",421984],["Q4 2013",428874],["Q4 2014",434679]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Mobile",1],["Web",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["PSP",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["VC",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["DW",1],["MP",1],["OP",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Cash",1],["Wallet",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system influenced by the Danish model Upgrade to Bronze |
| Law is based on |
Based on Germanic traditional laws and influenced by Medieval Norwegian and Danish laws. Upgrade to Bronze |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Unknown Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",130.8],["Banked",90],["Internet",65],["Urban",92],["Adult",78],["Literate",99]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 0.31 |
| Adult % | 78.00 |
| Migrants % |
7.00 Register/Log In |
| Stock Immigrants ('000) |
37.20 Upgrade to Bronze |
| Emigration Rate % |
10.60 Upgrade to Bronze |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
16.40 Upgrade to Bronze |
| Urban % | 92.00 |
| Female % | 52.00 |
| Literate % | 99.00 |
| Annual Growth % |
| Mobile Penetration % | 130.80 |
| Banked % | 90.00 |
| Access to FS % | 0.00 |
| Internet % | 65.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 75.00 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.03 |
| Monthly ARPU |
36.11 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Mobile Payment Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |