Italy: total value of Mobile Proximity Payment transactions in Italy 2016-2018

This statistic displays total value of Mobile Proximity Payment (MPP) transactions in Italy from 2016 to 2018. According to the data, the total value MPP transactions increased dramatically over the period considered, growing from 7 million euros in 2016 to 530 million euros in 2018. A closer look at MPPs’ growth rate shows that, compared to the previous year, their value grew by 980 percent in 2017 and 650 percent in 2018.

Mobile Proximity Payments

Mobile Proximity Payments are payments in which the payer and the payee are in the same location and where the transaction is carried on with two devices through a proximity technology such as Near Field Communication (NFC) and Quick Response (QR) codes, just to name two. Mobile contactless payments belong to the mobile proximity payments category. The payment instrument behind these transactions may be a card or credit transfer.

Italy: not a cashless society



When asked if they would prefer a cashless society, only 23 percent of Italians answered affirmatively whereas 47 percent said that they prefer living in a society with cash. Especially older generations are still tied to this medium and cannot imagine going around without banknotes in their pockets. There might be many reasons that explain this attitude. Some people fear that by tracing their payments banks, or authorities in general, might have too much control over them. Another, more practical, reason is that, even though the number of POS terminals in the country grew more than twofold since 2009, many businesses still do not have one, and, even when they do, they only accept cashless payments starting from a certain amount.

Total value of Mobile Proximity Payment (MPP) transactions in Italy from 2016 to 2018

MPP transaction value in million euros
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Source

Release date

May 2019

Region

Italy

Survey time period

2016 to 2018

Supplementary notes

Data have been rounded.

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