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2 clusters · 5 sources · 11 days · First seen 17 days ago · Last updated 6 days ago

European digital payment adoption trends

Overview

Recent studies in Austria and Italy indicate a growing trend toward digital payment methods, though the pace and cultural reception vary by region.

In Austria, digital card usage via smartphones or smartwatches has more than doubled since 2022, reaching 38 percent of the population. While digital wallet adoption is high among frequent card users, cash remains culturally significant; 88 percent of Austrians believe cash should remain available, and 19 percent continue to pay exclusively in cash.

In the Italian region of Trentino-Alto Adige, the transition appears more advanced. Data from the Bank of Italy shows a decline in cash usage and a significant rise in digital alternatives, with the Northeast region seeing a 93 percent increase in alternative payment methods. The region records approximately 300 non-cash transactions per capita, driven by card usage and bank transfers in both retail and online sectors.

Entities

European Union · Trentino-Alto Adige · Bank of Italy · Global Payments · Sparkasse

Timeline

6 days ago

[BUSINESS] 2 sources
Trentino-Alto Adige sees rise in digital payments and decline in cash
Data from the Bank of Italy shows rising digital payment adoption in Trentino-Alto Adige, with approximately 300 non-cash transactions per capita as cash usage declines.
17 days ago

[BUSINESS] 3 sources
Austria sees rise in digital payments despite continued cash popularity
A study shows rising digital payment adoption in Austria, with 38 percent of people using mobile wallets, though cash remains highly valued by 88 percent of the population.

Sources

corrieredelleconomia.it · futurezone.de · lsdmagazine.com · meinegemeinde.vol.at · techtag.de