logo
Denmark's national postal service to stop letter carrying

Denmark's national postal service to stop letter carrying

Yahoo06-03-2025

March 6 (UPI) -- Sending and receiving letters in Denmark will take a big hit by 2026 as its national postal service will stop letter deliveries when 2025 comes to a close.
The Nordic nation has had a national postal service since 1624, but the current state-run postal service PostNord says that due to a 90% drop-off in letter volume since 2000, it's ending its letter-carrying services.
"We will continue to deliver letters throughout the year, before delivering the last letters at the turn of the year in 2026." CEO of PostNord Denmark Kim Pedersen said in a press release.
PostNord will begin to remove Denmark's current 1500 red mailboxes starting in June.
Letters can continue to be received and sent however, according to Transport Minister Thomas Danielsen who says "a free market for both letters and parcels" will remain in place.
More than a thousand workers will lose their jobs as a result of the change.
"It's a super sad day. Not just for our department with 20-30 people, [which is] closing down at the end of the year. It's for 1,500 people who face an uncertain future," PostNord employee Anders Raun Mikkelsen said.
The move is also a result of Danes moving to digital communication, as they typically keep all personal identifications and information on their cell phones, and the use of cash has also become uncommon. Public services utilize a Digital Post app, and local authorities send all alerts electronically.
However, it is estimated that 271,000 Danes still rely on physical mail, especially for medical correspondence. TV2 reports that the distribution company Dao will take over the remainder of the letter services in 2026, and those looking to send a letter will need to drop it off at one of the company's Daoshop outlets to do so.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India Prepaid Card and Digital Wallet Intelligence Report 2025: Market to Over 30% this year to Reach $81.65 Billion this Year - Future Growth Dynamics to 2029
India Prepaid Card and Digital Wallet Intelligence Report 2025: Market to Over 30% this year to Reach $81.65 Billion this Year - Future Growth Dynamics to 2029

Yahoo

time26 minutes ago

  • Yahoo

India Prepaid Card and Digital Wallet Intelligence Report 2025: Market to Over 30% this year to Reach $81.65 Billion this Year - Future Growth Dynamics to 2029

India's prepaid card and digital wallet market is set to soar, with a projected 30.3% annual growth, reaching $81.65 billion by 2025. Key drivers include UPI adoption, smartphone penetration, and global fintech competition. Regulatory support and tech advances further propel expansion, reshaping India's digital finance landscape. Indian Prepaid Card and Digital Wallet Market Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "India Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" has been added to offering. The prepaid card and digital wallet market in India is anticipated to grow annually by 30.3%, reaching an estimated value of USD 81.65 billion by 2025. From 2020 to 2024, the sector saw a 34.3% CAGR, with this robust growth set to continue at 26.7% CAGR through 2025 to 2029. By 2029, projections suggest the market will expand to USD 210.16 billion from its 2024 assessment of USD 62.65 billion. The market's rapid growth is powered by advancements in digital payment tech, the proliferation of smartphones, and widespread UPI adoption. Businesses are adopting prepaid cards for streamlined expense management, resulting in enhanced financial controls. Furthermore, the entry of international fintech firms is intensifying market competition, fostering innovative consumer and business solutions. The integration of prepaid cards with digital wallets and mobile applications is boosting user convenience and financial adaptability. Significant growth is expected due to improved digital payment infrastructures, smartphone penetration, and UPI integration, simplifying transactions. Over the next few years, increased usage of prepaid cards by consumers and businesses is anticipated, intertwined with technological progress enhancing user convenience. The prepaid card's role in payments will expand alongside consumer confidence and regulatory backing, offering businesses innovative financial management tools. India's prepaid card market is expanding due to increasing digital adoption, policy support, and competition from established and emerging players, fostering an environment for growth and innovation. Recently seen alliances and strategic collaborations are influencing the market, enhancing service delivery to meet increasing consumer demands. Regulatory initiatives focusing on secure payment systems will determine the market dynamics while encouraging innovation and product differentiation, thus increasing consumer choice and improving financial solutions. Supported by government initiatives and enhanced digital product offerings, the market is thriving. Dominant entities like Axis Bank, HDFC Bank, ICICI Bank, and SBI continue forming the sector's backbone, despite new ventures like Revolut moving into the arena. Strategic partnerships, innovations, and the presence of both local and global players will form this landscape, creating more tailored financial services. Corporate Adoption for Expense Management: Numerous Indian businesses leverage prepaid cards for managing corporate expenses, including salaries, travel allowances, and fleet operations, streamlining fund distributions without cash handling, and easing reconciliation efforts. Operational efficiency and improved expense monitoring drive this trend. Prepaid cards offer businesses the ability to enforce spending limits and monitor real-time transactions, enhancing oversight. The adoption will accelerate as cost-effective, automated solutions emerge, enabling companies to automate expense management more effectively. Global Fintech Influx: Global fintech entities are entering the Indian market, drawn by its vast potential and a supportive regulatory atmosphere. Targeting discerning consumers with innovative products, these companies are reshaping competitive dynamics, elevating the service offerings in the sector. The growing middle class and digital engagement present opportunities for international firms. The regulatory norms for issuing prepaid cards and wallets simplify market entry. The entry of these firms will lead to increased product diversity and competitive pricing, which is expected to influence local players to innovate rapidly to maintain their market position. Prepaid Card-Digital Wallet Integration: The integration of prepaid cards with digital wallets is intensifying consumer demand for ease and advancing digital payment infrastructure, encouraging the consolidation of prepaid card technologies. The intensifying integration is anticipated, with financial institutions offering cross-platform solutions. Younger, tech-savvy consumers are particularly likely to gravitate towards these advancements. Innovation in user experiences and security measures will become pivotal in shaping the prepaid cards' future in India. Conclusion: India's prepaid card and digital wallet space is set for continued growth, characterized by increased competition and technological advancements. With over 80 key performance indicators, the comprehensive report provides insights into shifting dynamics, segmental performance, and future trends driving India's digital finance space. Key Attributes: Report Attribute Details No. of Pages 159 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $81.65 Billion Forecasted Market Value (USD) by 2029 $210.16 Billion Compound Annual Growth Rate 26.7% Regions Covered India Key Topics Covered: 1 About this Report 2 India Prepaid Payment Instrument Market Size and Future Growth Dynamics by Key Performance Indicators3 Digital Wallet Market Size and Future Growth Dynamics by Key Performance Indicators, 2020 - 20294 India Digital Wallet Market Size and Future Growth Dynamics by Key Segments5 India Digital Wallet Retail Spend Dynamics6 India Prepaid Card Industry Market Attractiveness7 India Open Loop Prepaid Card Future Growth Dynamics, 2020 - 20298 India Closed Loop Prepaid Card Future Growth Dynamics, 2020 - 20299 India Prepaid Card Market Share by Key Players10 India Prepaid Card Consumer Usage Trends11 India Prepaid Card Retail Spend Dynamics12 India General Purpose Prepaid Card Market Size and Forecast, 2020 - 202913 India Gift Card Market Size and Forecast, 2020 - 202914 India Entertainment and Gaming Prepaid Card Market Size and Forecast, 2020 - 202915 India Teen and Campus Prepaid Card Market Size and Forecast, 2020 - 202916 India Business and Administrative Expense Prepaid Card Market Size and Forecast, 2020 - 202917 India Payroll Prepaid Card Market Size and Forecast, 2020-202918 India Meal Prepaid Card Market Size and Forecast, 2020-202919 India Travel Forex Prepaid Card Market Size and Forecast, 2020-202920 India Transit and Tolls Prepaid Card Market Size and Forecast, 2020-202921 India Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast, 2020-202922 India Fuel Prepaid Cards Market Size and Forecast, 2020-202923 India Utilities, and Other Prepaid Cards Market Size and Forecast, 2020-202924 India Virtual Prepaid Card Industry Market Attractiveness, 2020-202924.1 Virtual Prepaid Card Market Size and Future Growth Dynamics25 India Virtual Prepaid Card Market Size and Future Growth Dynamics by Key Categories, 2020-202926 Further Reading For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

CPAC Systems and Epec Enter Collaboration Agreement to Strengthen Intelligent Control System Offerings
CPAC Systems and Epec Enter Collaboration Agreement to Strengthen Intelligent Control System Offerings

Business Wire

time2 hours ago

  • Business Wire

CPAC Systems and Epec Enter Collaboration Agreement to Strengthen Intelligent Control System Offerings

GOTHENBURG, Sweden--(BUSINESS WIRE)-- CPAC Systems AB and Epec Oy are proud to announce a collaboration agreement rooted in a shared commitment to advancing intelligent, connected solutions in the off-highway and commercial vehicle sectors. This strategic alliance unites two leading Nordic technology companies with a common goal: to accelerate the development of scalable, integrated systems that drive innovation across the mobility landscape. By aligning offerings across electronics, control systems, and system integration capabilities, CPAC Systems and Epec aim to provide customers with robust, scalable solutions, empowering operators with tools that are intuitive, intelligent, and connected. Share 'At Epec, we are proud to join forces with CPAC Systems to deliver smarter, more sustainable control system solutions to OEMs around the world. This union is all about creating real value for our customers. By integrating our robust hardware and software platforms with CPAC Systems' advanced system capabilities, we can accelerate the development of next-generation off-highway and commercial vehicles that are both efficient and future-ready.' — Jyri Kylä-Kaila, CEO, Epec Oy Combining Expertise for Next-Generation Solutions CPAC Systems, a subsidiary of the Volvo Group, brings over two decades of experience in delivering innovative embedded systems, including autonomous vehicle platforms, electromobility solutions, and drive-by-wire technologies. Epec Oy, part of the Ponsse Group, has a strong legacy dating back to 1978 and has evolved into a leading provider of intelligent control systems, tailored electronics, and electric/hybrid vehicle technologies for the off-highway industry. With deep expertise in embedded software, connectivity, and functional safety, Epec delivers scalable solutions that support OEMs in building machines that are smarter, more efficient, and future-ready. The collaboration agreement will enable the two companies to offer complementary solutions to OEM customers in the off-highway and commercial vehicle sectors. By aligning offerings across electronics, control systems, and system integration capabilities, CPAC Systems and Epec aim to provide customers with robust, scalable solutions, empowering operators with tools that are intuitive, intelligent, and connected. "We are excited to collaborate with Epec to push the boundaries of intelligent control systems. Our shared ambition is to create future-ready solutions that empower OEMs to meet sustainability targets and operational demands without compromise. This alliance reflects our ongoing commitment to innovation, integration, and quality at every level." — Marcus Wingolf, CEO, CPAC Systems AB Shared Vision for Sustainable and Connected Mobility Both companies share a commitment to sustainability and innovation. By leveraging their combined strengths, CPAC Systems and Epec aim to create solutions that not only meet the current demands of the industry but also pave the way for future advancements in autonomous and electric vehicle technologies. About CPAC Systems AB CPAC Systems AB, part of the Volvo Group, based in Gothenburg, Sweden, specializes in developing cutting-edge embedded control and automation solutions for marine, construction, agriculture, and commercial vehicle industries, focusing on areas such as electromobility, autonomous driving, and situational awareness. About Epec Oy Epec Oy, based in Seinäjoki, Finland, is a system supplier specializing in advanced electrics and electronics for efficient, safe, and connected non-road mobile machinery and commercial vehicles. As part of the Ponsse Group, Epec has a long-standing history of providing reliable control systems and customized solutions for various applications.

Replacement in bonds for new lending - Nykredit Realkredit A/S
Replacement in bonds for new lending - Nykredit Realkredit A/S

Yahoo

time3 hours ago

  • Yahoo

Replacement in bonds for new lending - Nykredit Realkredit A/S

To Nasdaq Copenhagen A/S Replacement in bonds for new lending On June 23, 2025, the following replacements of bonds for new loan offers will take place in Nykredit Realkredit A/S and Totalkredit A/S. Bond Type Current Bond New Bond Cibor3 (SDO) ISIN DK0009547721 ISIN DK0009551244 Interest rate spread 0,20% Interest rate spread 0,15% Maturity date 01-10-2027 Maturity date 01-10-2027 Closing date 31-07-2027 Closing date 31-07-2027 F-kort (SDO) ISIN DK0009549347 ISIN DK0009551327 Interest rate spread 0,50% Interest rate spread 0,50% Maturity date 01-07-2028 Maturity date 01-07-2028 Closing date 30-04-2028 Closing date 30-04-2028 Loan disbursement will occur in the bond specified in the loan offer. The current bond can still be used for new lending until the closing date, but starting from the change date, the new bond will be the standard bond in the loan offer systems. Questions may be addressed to Group Treasury, Lars Mossing Madsen, tel +45 44 55 11 66, or Christian Mauritzen, tel +45 44 55 10 14. Attachment Meddelelse UK_2025-06

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store