Czech Republic Cards and Payments Market Report: Trends, Growth and Forecast (2026-2032)
By By Instrument Type (Cards (Debit Card, Charge Card, ATM Card, Pre-Paid Card, Credit Card, Store Card), Mobile Wallets, Cheques, Others), By By Card Type (Contact Smart Card, Contactless Smart Card, Non-Smart Card), By By Type of Payments (B2B, B2C, C2C, C2B (E-commerce Shopping, Payment at POS Terminals)), By By Transaction Type (Domestic, Foreign), By By Application (Food & Groceries, Health & Pharmacies, Travel & Tourism, Hospitality, Others (Media & Entertainment))
- ICT
- Nov 2025
- VI0332
- 125
-
Czech Republic Cards and Payments Market Statistics and Insights, 2026
- Market Size Statistics
- Cards and Payments in Czech Republic is estimated at $ 179.34 Billion.
- The market size is expected to grow to $ 234.92 Billion by 2032.
- Market to register a CAGR of around 3.93% during 2026-32.
- Instrument Type Shares
- Cards grabbed market share of 70%.
- Cards to witness a volume CAGR of around 1.07%.
- Competition
- More than 15 companies are actively engaged in producing Cards and Payments in Czech Republic.
- Top 5 companies acquired 65% of the market share.
- UniCredit Bank Czech Republic & Slovakia as, Revolut Ltd, Raiffeisenbank as, Ceska Sporitelna as, Komercni Banka as etc., are few of the top companies.
- Card Type
- Contactless Smart Card grabbed 95% of the market.
Czech Republic Cards and Payments Market Outlook
The Czech Republic cards and payments market is poised to grow steadily, aided by the robust trend towards moving away from cash-based transactions. The market, estimated at approximately USD 179.34 billion, will grow to USD 234.92 billion by 2032. This is a reflection of the growing demand by end users and businesses for card and digital payments, with maturity slowing the rate but not preventing growth. Debit, credit, and prepaid cards are set to sustain positive performance, whereas charge cards will reduce at a decelerated rate.
Contactless payments will continue to be a major growth driver, with take-up increasing steadily through convenience, better infrastructure, and increased interoperability between banking systems. Contactless smart cards already reached 95% of the market in 2024, and that trend is expected to get even stronger as end users take up mobile wallets, smartwatches, and even wearable payment devices. The use of completely virtual cards, including one-off ones for secure online shopping, will also make headway.
Market competition will continue to be strong, with traditional banks growing online offerings and fintechs spearheading innovation. Neobanks and fintechs will be targets of acquisitions or partnerships as existing banks look to bolster their digital offerings. Simultaneously, increasing BNPL solutions and novel investing options will further diversify payment options among Czech end users.
Forecasting ahead, consistent card volume growth at a CAGR of approximately 1.07% reflects the maturity of the market. However, the future also looks good, aided by younger, digitally native end users, higher merchant acceptance, and continuing product innovation that keeps payments easy, secure, and progressively more digital-first.
Czech Republic Cards and Payments Market Growth Driver
Growing Use of Contact-Based Money Transfers
The Czech National Bank's launching of Platba na Kontakt functions as a major catalyst for increased cashless payment use. The service permits parties to make money transfers via a phone number, without the necessity of inputting lengthy account numbers. It streamlines the process of transferring money, minimizes errors, and represents a secure and inexpensive method of daily payments. This convenience compels both end users and traders to make greater use of electronic transactions rather than cash.
Apart from this, Platba na Kontakt enables non-card merchants to benefit from cashless payments as well. This increases the circulation of digital payments to more people and makes it more accessible. The service also enhances the stance of local banks in terms of being able to compete with foreign fintech companies, speeding up the transition to cashless ecosystems even more.
Czech Republic Cards and Payments Market Trend
Increased Adoption of Digital Wallets and Virtual Cards
Payments are steadily increasing in volume and value, with an ever-growing number of individuals using digital wallets attached to smartphones and wearable technology instead of using physical cards. This is a clear indication of end user behaviour, where convenience and speed are the drivers of adoption. With younger generations increasingly comfortable with mobile-first solutions, daily transactions are slowly shifting away from mainstream card usage.
Coupled with this, the faster growth of e-commerce reinforces the trend further. Issuers answer back by coming out with fully virtualized cards, including single-use variants, to offer higher security for online shopping. The virtual offerings also keep pace with increasing environmental concerns by minimizing the use of plastic cards. The hallmark here is convenience-driven uptake, as digital payments become more ingrained in end users' lives and daily spending habits.
Czech Republic Cards and Payments Market Opportunity
Increasing Use of Cashless Payment
A significant opportunity in the Czech Republic’s cards and payments market lies in the expanding adoption of cashless payment methods. Card-based and digital payments are being opted for by end users and businesses more often, fueled by ease of use and convenience. This trend is also being backed by the younger, digitally born generation, which is more naturally inclined towards online and card payments, giving tremendous support to market growth.
The opportunity is further supported by advances in the acceptance of merchants and interoperability of payment platforms. With increasing numbers of businesses supporting digital payments and platforms becoming increasingly connected, financial institutions and payment providers can launch new products and services that reflect changing end user tastes. Collectively, these enable the growth, innovation, and deeper penetration of cashless payments throughout the nation.
Czech Republic Cards and Payments Market Segmentation Analysis
By Card Type
- Contact Smart Card
- Contactless Smart Card
- Non-Smart Card
The most dominant segment under Card Type is Contactless Smart Cards, which hold about 95% of the market. The end users and merchants' strong inclination towards quicker and easier payment is driving this dominance. The consistent growth of POS infrastructure and developments such as Air Bank's Cvak app, enabling smartphones to be acceptance devices, further reinforce this segment's hold. The reduced transaction costs relative to conventional POS terminals also spur greater take-up by small businesses.
In this segment, the majority of transactions remain made with physical debit cards. Nevertheless, use of smartphones and mobile wallets like Apple Pay and Google Wallet is increasing rapidly, especially among young end users. Wearables such as smartwatches, activity bands, and even smart rings are increasingly becoming part of the payment environment, demonstrating how digital and lifestyle convergence is stimulating future growth in the contactless smart card category.
Top Companies in Czech Republic Cards and Payments Market
The top companies operating in the market include UniCredit Bank Czech Republic & Slovakia as, Revolut Ltd, Raiffeisenbank as, Ceska Sporitelna as, Komercni Banka as, Ceskoslovenska Obchodni Banka as, Moneta Money Bank as, Air Bank as, mBank SA, Fio Banka as, etc., are the top players operating in the Czech Republic Cards and Payments Market.
Frequently Asked Questions
Related Report
1. Market Segmentation
1.1. Research Scope
1.2. Research Methodology
1.3. Definitions and Assumptions
2. Executive Summary
3. Czech Republic Cards and Payments Market Policies, Regulations, and Standards
4. Czech Republic Cards and Payments Market Dynamics
4.1. Growth Factors
4.2. Challenges
4.3. Trends
4.4. Opportunities
5. Czech Republic Cards and Payments Market Statistics, 2022-2032F
5.1. Market Size & Growth Outlook
5.1.1. By Revenues in US$ Million
5.2. Market Segmentation & Growth Outlook
5.2.1. By Instrument Type
5.2.1.1. Cards- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.1. Debit Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.2. Charge Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.3. ATM Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.4. Pre-Paid Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.5. Credit Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.6. Store Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2. Mobile Wallets- Market Insights and Forecast 2022-2032, USD Million
5.2.1.3. Cheques- Market Insights and Forecast 2022-2032, USD Million
5.2.1.4. Others- Market Insights and Forecast 2022-2032, USD Million
5.2.2. By Card Type
5.2.2.1. Contact Smart Card- Market Insights and Forecast 2022-2032, USD Million
5.2.2.2. Contactless Smart Card- Market Insights and Forecast 2022-2032, USD Million
5.2.2.3. Non-Smart Card- Market Insights and Forecast 2022-2032, USD Million
5.2.3. By Type of Payments
5.2.3.1. B2B- Market Insights and Forecast 2022-2032, USD Million
5.2.3.2. B2C- Market Insights and Forecast 2022-2032, USD Million
5.2.3.3. C2C- Market Insights and Forecast 2022-2032, USD Million
5.2.3.4. C2B- Market Insights and Forecast 2022-2032, USD Million
5.2.3.4.1. E-commerce Shopping- Market Insights and Forecast 2022-2032, USD Million
5.2.3.4.2. Payment at POS Terminals- Market Insights and Forecast 2022-2032, USD Million
5.2.4. By Transaction Type
5.2.4.1. Domestic- Market Insights and Forecast 2022-2032, USD Million
5.2.4.2. Foreign- Market Insights and Forecast 2022-2032, USD Million
5.2.5. By Application
5.2.5.1. Food & Groceries- Market Insights and Forecast 2022-2032, USD Million
5.2.5.2. Health & Pharmacies- Market Insights and Forecast 2022-2032, USD Million
5.2.5.3. Travel & Tourism- Market Insights and Forecast 2022-2032, USD Million
5.2.5.4. Hospitality- Market Insights and Forecast 2022-2032, USD Million
5.2.5.5. Others (Media & Entertainment)- Market Insights and Forecast 2022-2032, USD Million
5.2.6. By Competitors
5.2.6.1. Competition Characteristics
5.2.6.2. Market Share & Analysis
6. Czech Republic Cards Market Statistics, 2022-2032F
6.1. Market Size & Growth Outlook
6.1.1. By Revenues in US$ Million
6.2. Market Segmentation & Growth Outlook
6.2.1. By Card Type- Market Insights and Forecast 2022-2032, USD Million
6.2.2. By Type of Payments- Market Insights and Forecast 2022-2032, USD Million
6.2.3. By Transaction Type- Market Insights and Forecast 2022-2032, USD Million
6.2.4. By Application- Market Insights and Forecast 2022-2032, USD Million
7. Czech Republic Mobile Wallets Market Statistics, 2022-2032F
7.1. Market Size & Growth Outlook
7.1.1. By Revenues in US$ Million
7.2. Market Segmentation & Growth Outlook
7.2.1. By Type of Payments- Market Insights and Forecast 2022-2032, USD Million
7.2.2. By Transaction Type- Market Insights and Forecast 2022-2032, USD Million
7.2.3. By Application- Market Insights and Forecast 2022-2032, USD Million
8. Czech Republic Cheques Market Statistics, 2022-2032F
8.1. Market Size & Growth Outlook
8.1.1. By Revenues in US$ Million
8.2. Market Segmentation & Growth Outlook
8.2.1. By Type of Payments- Market Insights and Forecast 2022-2032, USD Million
8.2.2. By Transaction Type- Market Insights and Forecast 2022-2032, USD Million
8.2.3. By Application- Market Insights and Forecast 2022-2032, USD Million
9. Competitive Outlook
9.1. Company Profiles
9.1.1. Ceska Sporitelna as
9.1.1.1. Business Description
9.1.1.2. Product Portfolio
9.1.1.3. Collaborations & Alliances
9.1.1.4. Recent Developments
9.1.1.5. Financial Details
9.1.1.6. Others
9.1.2. Komercni Banka as
9.1.2.1. Business Description
9.1.2.2. Product Portfolio
9.1.2.3. Collaborations & Alliances
9.1.2.4. Recent Developments
9.1.2.5. Financial Details
9.1.2.6. Others
9.1.3. Ceskoslovenska Obchodni Banka as
9.1.3.1. Business Description
9.1.3.2. Product Portfolio
9.1.3.3. Collaborations & Alliances
9.1.3.4. Recent Developments
9.1.3.5. Financial Details
9.1.3.6. Others
9.1.4. Moneta Money Bank as
9.1.4.1. Business Description
9.1.4.2. Product Portfolio
9.1.4.3. Collaborations & Alliances
9.1.4.4. Recent Developments
9.1.4.5. Financial Details
9.1.4.6. Others
9.1.5. Air Bank as
9.1.5.1. Business Description
9.1.5.2. Product Portfolio
9.1.5.3. Collaborations & Alliances
9.1.5.4. Recent Developments
9.1.5.5. Financial Details
9.1.5.6. Others
9.1.6. UniCredit Bank Czech Republic & Slovakia as
9.1.6.1. Business Description
9.1.6.2. Product Portfolio
9.1.6.3. Collaborations & Alliances
9.1.6.4. Recent Developments
9.1.6.5. Financial Details
9.1.6.6. Others
9.1.7. Revolut Ltd
9.1.7.1. Business Description
9.1.7.2. Product Portfolio
9.1.7.3. Collaborations & Alliances
9.1.7.4. Recent Developments
9.1.7.5. Financial Details
9.1.7.6. Others
9.1.8. Raiffeisenbank as
9.1.8.1. Business Description
9.1.8.2. Product Portfolio
9.1.8.3. Collaborations & Alliances
9.1.8.4. Recent Developments
9.1.8.5. Financial Details
9.1.8.6. Others
9.1.9. mBank SA
9.1.9.1. Business Description
9.1.9.2. Product Portfolio
9.1.9.3. Collaborations & Alliances
9.1.9.4. Recent Developments
9.1.9.5. Financial Details
9.1.9.6. Others
9.1.10. Fio Banka as
9.1.10.1. Business Description
9.1.10.2. Product Portfolio
9.1.10.3. Collaborations & Alliances
9.1.10.4. Recent Developments
9.1.10.5. Financial Details
9.1.10.6. Others
10. Disclaimer
| Segment | Sub-Segment |
|---|---|
| By Instrument Type |
|
| By Card Type |
|
| By Type of Payments |
|
| By Transaction Type |
|
| By Application |
|
Research Methodology
This study followed a structured approach comprising four key phases to assess the size and scope of the electro-oxidation market. The process began with thorough secondary research to collect data on the target market, related markets, and broader industry context. These findings, along with preliminary assumptions and estimates, were then validated through extensive primary research involving industry experts from across the value chain. To calculate the overall market size, both top-down and bottom-up methodologies were employed. Finally, market segmentation and data triangulation techniques were applied to refine and validate segment-level estimations.
Secondary Research
The secondary research phase involved gathering data from a wide range of credible and published sources. This step helped in identifying industry trends, defining market segmentation, and understanding the market landscape and value chain.
Sources consulted during this phase included:
- Company annual reports, investor presentations, and press releases
- Industry white papers and certified publications
- Trade directories and market-recognized databases
- Articles from authoritative authors and reputable journals
- Gold and silver standard websites
Secondary research was critical in mapping out the industry's value chain and monetary flow, identifying key market segments, understanding regional variations, and tracking significant industry developments.
Other key sources:
- Financial disclosures
- Industry associations and trade bodies
- News outlets and business magazines
- Academic journals and research studies
- Paid industry databases
Primary Research
To validate secondary data and gain deeper market insights, primary research was conducted with key stakeholders across both the supply and demand sides of the market.
On the demand side, participants included decision-makers and influencers from end-user industries—such as CIOs, CTOs, and CSOs—who provided first-hand perspectives on market needs, product usage, and future expectations.
On the supply side, interviews were conducted with manufacturers, industry associations, and institutional participants to gather insights into current offerings, product pipelines, and market challenges.
Primary interviews provided critical inputs such as:
- Market size and revenue data
- Product and service breakdowns
- Market forecasts
- Regional and application-specific trends
Stakeholders consulted included:
- Leading OEM and solution providers
- Channel and distribution partners
- End users across various applications
- Independent consultants and industry specialists
Market Size Estimation and Data Triangulation
- Identifying Key Market Participants (Secondary Research)
- Goal: To identify the major players or companies in the target market. This typically involves using publicly available data sources such as industry reports, market research publications, and financial statements of companies.
- Tools: Reports from firms like Gartner, Forrester, Euromonitor, Statista, IBISWorld, and others. Public financial statements, news articles, and press releases from top market players.
- Extracting Earnings of Key Market Participants
- Goal: To estimate the earnings generated from the product or service being analyzed. This step helps in understanding the revenue potential of each market player in a specific geography.
- Methods: Earnings data can be gathered from:
- Publicly available financial reports (for listed companies).
- Interviews and primary data sources from professionals, such as Directors, VPs, SVPs, etc. This is especially useful for understanding more nuanced, internal data that isn't publicly disclosed.
- Annual reports and investor presentations of key players.
- Data Collation and Development of a Relevant Data Model
- Goal: To collate inputs from both primary and secondary sources into a structured, data-driven model for market estimation. This model will incorporate key market KPIs and any independent variables relevant to the market.
- Key KPIs: These could include:
- Market size, growth rate, and demand drivers.
- Industry-specific metrics like market share, average revenue per customer (ARPC), or average deal size.
- External variables, such as economic growth rates, inflation rates, or commodity prices, that could affect the market.
- Data Modeling: Based on this data, the market forecasts are developed for the next 5 years. A combination of trend analysis, scenario modeling, and statistical regression might be used to generate projections.
- Scenario Analysis
- Goal: To test different assumptions and validate how sensitive the market is to changes in key variables (e.g., market demand, regulatory changes, technological disruptions).
- Types of Scenarios:
- Base Case: Based on current assumptions and historical data.
- Best-Case Scenario: Assuming favorable market conditions, regulatory environments, and technological advancements.
- Worst-Case Scenario: Accounting for adverse factors, such as economic downturns, stricter regulations, or unexpected disruptions.
Partnering With Industry Leaders to Drive Growth
Our mission is to deliver intelligence that matters. By combining data, analysis, and industry expertise, we enable organizations to make smarter, faster, and more impactful decisions. Whether it’s a Fortune 500 company or a high-growth startup, businesses trust us to provide clarity in an ever-evolving marketplace.
