# Slovakia cashless economy transition

> Developing situation record from CLSTR: https://clstr.news/situations/slovakia-cashless-economy-transition
> Updated: 2026-10-15T06:00:16.000Z. Sources: 13. Developments: 3.

Slovakia is undergoing a significant transition toward a cashless economy, characterized by rising payment card usage and a decline in cash transactions. Data from the National Bank of Slovakia indicates that payment cards reached 6.32 million in August 2024, while cash withdrawals have decreased from over 38 million in 2023 to approximately 34 million recently. This shift has led to a reduction in the number of ATMs, which are projected to fall from over 3,300 in August 2024 to 2,700 by August 2026 as banks replace them with multifunctional devices.

Digital payment preferences have reached a historic high, with 55 percent of the population now preferring card, mobile, or smartwatch payments. A Mastercard survey notes that the group actively seeking cash has decreased from 33 percent in 2018 to 26 percent today. The average value of contactless transactions has dropped from 4 euros to 3 euros, with half of the population regularly using digital methods for purchases of 1 euro or less. Experts suggest that if digital infrastructure were available at every point of sale, usage could reach 74 percent.

This digital trend is also reflected in younger demographics. A survey by Ipsos for Home Credit found that 53 percent of children in Slovakia actively use payment cards. The most common age for first-time card use is between 14 and 16 years old, though some children begin using them as early as age 6.

Amidst these changes, Slovakia demonstrates financial resilience. Eurostat data shows that 26 percent of Slovaks report difficulty affording unexpected expenses, a lower figure than the nearly 30 percent average for EU residents.

## Claims

- Approximately 29.2 percent of EU residents could not afford unexpected expenses in 2025. (reported by 1 source)
- The number of payment cards in Slovakia reached approximately 6.32 million in August 2024. (reported by 1 source)
- Slovakia had over 3,300 ATMs operating in August 2024. (reported by 1 source)
- The number of ATMs in Slovakia is projected to decrease to approximately 2,700 by August 2026. (reported by 1 source)
- 26 percent of Slovaks would struggle to cover unexpected expenses like car repairs or new appliances. (reported by 1 source)
- Slovak banks recorded over 38 million cash withdrawals in 2023. (reported by 1 source)

## Timeline

### 2026-10-15: Slovakia sees rise in cashless payments as digital preference hits 55%

Digital payment preference in Slovakia has risen to 55%, with consumers increasingly using cards and mobile devices for even small purchases under 1 euro.

3 sources. https://clstr.news/cluster/slovakia-sees-rise-in-cashless-payments-as-digital-preference-hits-55

### 2026-10-11: Slovakia shows financial resilience amid shift to cashless economy

Slovaks show higher financial resilience to unexpected costs than many EU neighbors, even as the country shifts toward a cashless economy with declining ATM numbers and rising card usage.

8 sources. https://clstr.news/cluster/slovakia-shows-financial-resilience-amid-shift-to-cashless-economy

### 2026-10-04: Slovakia: Over half of children actively use payment cards

A survey by Ipsos for Home Credit shows 53% of Slovak children use payment cards, with many starting between ages 11 and 16 to learn financial management.

2 sources. https://clstr.news/cluster/slovakia-over-half-of-children-actively-use-payment-cards

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Cite as: Slovakia cashless economy transition. CLSTR, https://clstr.news/situations/slovakia-cashless-economy-transition