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Accelerate your revenue with a new audience of customers throughout Finland - without friction or complexity.
Finland is a highly industrialized country whose economy relies heavily on foreign trade, which represented 78% of its GDP in 2018. The country’s main trading partners are Germany and Sweden. Often cited as a model example for its economic performance, competitiveness and innovative success, Finland has faced difficulties to recover from the global financial and the Eurozone crisis. Finland is vulnerable to the international conjuncture and the country suffered from the EU sanctions against Russia. International Monetary Fund expects the unemployment rate to be heavily affected by the negative economic impact of the COVID-19 pandemic, the rate being currently estimated to increase to 8.3% in 2020 and to 8.4% in 2021. Finland is the European country most impacted by an aging population and a fall of its labor force, a phenomenon that weighs heavily on its public finances.
Finland has one of the highest Internet and broadband penetration rates in the world. There is also a robust ecommerce service provider ecosystem, and ecommerce is popular and growing, driven primarily by the variety of goods and lower prices compared to traditional brick-and-mortar retailers. Finns rely heavily on foreign retailers for online purchases, giving foreign retailers an opportunity to acquire customers (54% of online shoppers have made purchases abroad). The top industries selling online are clothes, shoes and accessories, media, and electronics.
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.
Digital River can support the sales of these types of products for this specific market.
The Onshore Advantage™
Go global, be local. The Onshore Advantage™ optimizes your authorizations and eliminates unexpected foreign transaction fees. Learn more.
Popular online payment methods are debit/credit cards, direct payment via bank, invoice, and PayPal. It is important to assure the safety of those methods, as Finns are extremely concerned about the safety of their payment information.
The list below represents the current categories of payment options Digital River supports for this market.
Cross-Border Fulfillment: Landed Cost is Available.
Calculation of duties and fees incurred when goods are shipped cross border.
In-Country Fulfillment: Leverage Digital River's industry leading suite of API's to utilize your existing fulfillment partner.