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Latest Country Survey - Europe

Electronic payment harmonia in Estonia

  • Author: EPI editorial
  • Published: 19 Apr 2017

As is common in the region, rates of card adoption and use by Estonian consumers are significantly above the global average. Younger buyers tend to be the most prolific users of card payments, and debit cards account for over 90% of both the total transaction volume and value, with contactless set for growth. read more

Payments Eden in Sweden?

  • Author: EPI editorial
  • Published: 8 Mar 2017

Swedish consumers are prolific payment card users. The average monthly card transaction volume and the average annual spend per card are higher in Sweden than in other mature European markets such as the UK and Germany, although they lag behind Sweden’s Nordic neighbours of Denmark, Norway and Finland. read more

Finland's payments market flourishes since the finn-ancial crisis

  • Author: EPI editorial
  • Published: 1 Mar 2017

The global financial crisis hit Finland harder than many, and the country’s recent economic growth has been marginal at best. Despite the struggles, however, payment cards are flourishing as consumer awareness rises and local infrastructure develops. EPI’s analysts look at what makes the market tick. read more

Consumers take a viking to electronic payments in Denmark

  • Author: EPI editorial
  • Published: 27 Feb 2017

The Danish cards and payments industry is very well developed. Its consumers are prolific users of payment cards, and the government has set a target to make the country a completely cashless society by as early as 2030. With contactless payments also emerging quickly, Denmark has become a critical pathfinder for payments. read more

Lithuania's payments market ripe for change

  • Author: EPI editorial
  • Published: 13 Feb 2017

With much of its population living in rural areas or smaller towns, a relatively underdeveloped payment infrastructure means Lithuania remains a largely cash-dominated economy. ATM withdrawal values tend to be high, although the government and central bank are taking steps to change local attitudes to cards. read more

Debit dominates Portugal's card market but e-commerce and NFC are on the rise

  • Author: Anna Milne
  • Published: 2 Feb 2017

Portugal was hit hard by the global financial crisis, which severely impacted the country’s payment cards market. Debit cards are the leading card type by a wide margin, with households generally cautious of debt. Contactless adoption is low but growing, and e-commerce is also encouraging consumer card payments. read more

Luxembourg a hotbed of innovative payment solutions and growth

  • Author: EPI editorial
  • Published: 11 Jan 2017

Luxembourg’s well-developed and growing payments market means card penetration is high, with the country’s large wealthy population is high on issuers’ target lists. E-commerce has recorded robust growth in line with online and mobile uptake, while alternatives are also growing in prominence in the Grand Duchy. read more

Swiss cards and payments on a roll

  • Author: EPI editorial
  • Published: 14 Dec 2016

With a large wealthy population and numerous high-value corporations, the Swiss payment card market is more mature than most. As a result, banks are looking to other segments for growth, while alternatives such as Apple Pay and Paypal are also gaining ground. Timetric’s researchers took a closer look. read more

Sweden's card transactions on the up; contactless in nascent stages of adoption

  • Author: EPI editorial
  • Published: 30 Sep 2016

Average monthly card transactions and average annual spend per card are higher in Sweden than in other European markets such as the UK, the Netherlands and Germany, although they lag behind Sweden’s Nordic peers of Denmark, Norway and Finland, according to new research by Timetric. read more

Fleeced Greece: tentative steps to recovery through cards

  • Author: EPI editorial
  • Published: 15 Sep 2016

No country felt the effects of the European sovereign debt crisis more acutely then Greece, and bailout measures left the country having to implement reforms and restructuring. However, electronic payments are being used to reduce corruption and tax evasion, and debit card transactions are rising. read more

Russia payments cards market on the up and up

  • Author: EPI editorial
  • Published: 16 Aug 2016

Despite economic turmoil, the Russian payments card market grew substantially between 2011 and 2015, in terms of both volume and value. Economic growth has been slow, mainly as a result of falling global commodity and oil prices, and US sanctions against Russia. read more

Latvian cash use declining in favour of electronic payments

  • Author: EPI editorial
  • Published: 1 Aug 2016

Cash remains a predominant payment instrument, accounting for 52.7% of Latvia’s transaction volume. However, payment cards have gained popularity over the last decade and consumers are increasingly embracing cashless transactions. read more

EU growth leader, Czech Republic embraces contactless

  • Author: EPI editorial
  • Published: 27 Jul 2016

The EU’s fastest-growing economy has benefited from falling oil prices and government
policies to stimulate exports and domestic demand. With more investment expected, how will this affect the Czech Republic’s cards and payments industry?. read more

Baltic state weans consumers off cash

  • Author: EPI editorial
  • Published: 19 Jul 2016

While cash accounts for 52.7% of Latvia’s transaction volume, payment cards have gained popularity over the past decade and consumers are moving towards cashless adoption. Financial literacy programmes and an improved labour market have also played key roles in the Baltic state’s progress. read more

Spain comes out of crisis with electronic payments surge

  • Author: EPI editorial
  • Published: 20 Jun 2016

Cash still reigns in Spain, but electronic payments have gained some ground. With banking penetration high and the economy recovering from crisis, can the government increase consumer awareness further?. read more


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