Czech Republic one of Europe's leader for contactless payments

Czech Republic one of Europe's leader for contactless payments
Czechs carried out more than 1bn of online payments in 2018
By bne IntelliNews February 26, 2019

The Czech Republic is one of the leading countries in Europe for using contactless card payments both in the country and abroad, carrying out more than 1bn of online payments in 2018, daily E15.cz reported on February 22.

“The volume of transactions reached almost CZK700bn [€27,290],” said the Executive Director of the Credit Card Association Roman Kotlan, adding that the trend of further expansion of non-cash transactions has been growing.

In 2018, the Czechs used card or smartphones to pay for a total of 852.8mn bills, with a record amount of CZK486.4bn (€18.9bn) spent on goods and services. In 2017 it was 637.7mn with CZK370.4bn (€14.4bn). “The Czechs are among the world's leading non-contact card users,” said regional manager of Visa Czech Republic and Slovakia Marcel Gajdos.

In addition to contactless cards, consumers can also pay by smart phones, with Google Pay available on the Czech market via mobile phone or smart watch with Android. Last week, Apple Pay service finally entered the Czech payment system.

 

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