Digital payments in Czechia - statistics & facts
The digitalization of the Czechia payment system has seen significant progress over the past few years. The finance industry exhibited noticeable digital growth. The last three decades have seen a massive increase in spending volume generated through contactless payments. This rise is due to the growing number of Czechs shopping online and the fast development of e-commerce. This positive trend will continue, with digital payments value and user volume rising over the coming years.
The analysis of user behavior regarding digital payments revealed that most Czechs pay via a mobile banking app or a website at least once a week. Furthermore, most Czechs feel confident that how they manage their money and transactions online is secure.
Digital payments
Czechia is gradually becoming a cashless society, with cashless payments becoming an increasingly common way to pay online. The growing number of debit cards also positively affects this trend. Moreover, the transaction volume of card payments has been growing steadily in recent years, as has the total number of card payments. The digital payment market in Czechia is set to continue its growth, driven by both digital commerce and mobile point-of-sale segments.The analysis of user behavior regarding digital payments revealed that most Czechs pay via a mobile banking app or a website at least once a week. Furthermore, most Czechs feel confident that how they manage their money and transactions online is secure.
