Digital payments landscape in Italy - statistics & facts
Digital payments in Italy are characterized by discussions on debit and credit card costs, sparking political strife and impacting development paths taken. The discussion on card costs came to a head in December 2022, when Italy's parliament wanted to impose a tax on payments firms and banks if they failed lower card fees at POS terminals in 2023. Italy instead focuses on alternative payments, especially wallets. Contactless mobile transactions in physical shops are a major driver for digital payments in Italy, especially when conducted with smartphones and wearable devices. Indeed, the dominance of PayPal in Italy's online shopping stands out: Nine out of 10 respondents indicated they had used the payment method at least once. They also believed was something they would actively check for on e-commerce websites.
Digital payments refer to any form of cashless payment, or payments conducted without banknotes or coins, in an online or offline environment. Such payments can include mobile payments - digital payments performed with a mobile device - but also relatively new trends like buy now, pay later (BNPL), cryptocurrency, or instant (real-time) payments. Out of all these digital options, which developments are noteworthy to know about for Italy?
Digital payments refer to any form of cashless payment, or payments conducted without banknotes or coins, in an online or offline environment. Such payments can include mobile payments - digital payments performed with a mobile device - but also relatively new trends like buy now, pay later (BNPL), cryptocurrency, or instant (real-time) payments. Out of all these digital options, which developments are noteworthy to know about for Italy?
