Argus Advisory Research Logo Link
Sign In

TransUnion Completes Acquisition of Verisk Financial Services
TransUnion completed its acquisition of Verisk Financial Services. Together, our combined capabilities will help us better serve customers through enhanced insights into customer behavior. Read More.

Back home  /  Country Reports  /  Europe  /  Czech Republic

Czech Republic Country Report

Already purchased?
  • Published Date: June 2022

CZECH CARDS & PAYMENTS REPORT

A comprehensive overview of the cards, payments and consumer banking market in the Czech Republic, with clearsighted commentary backed by relevant data.
With most customers willing to try new technology, the country is at the vanguard for contactless adoption in Europe.
However, pay-later solutions, neobanks and Open Banking innovations have much room for growth as cashless become the norm thanks to an instant payments infrastructure that two in every three Czechs have used.

What you will learn from this report:

How the payments environment has evolved with the rise of contactless, cashless modes and mobile payments
How credit and debit cards are used, with profitability indicators for each
E-commerce payment trends in the light of BNPL and card innovations
Mobile proximity payments data and commentary on app-based solutions
The credit card profitability mechanism
Network market shares and interchange tracking
How credit/debit cards market shares have been changing
The merchant acquiring landscape, including MSCs and processor relationships/shares
Notable laws and regulations, key statutory authorities and credit bureaux

CZECH PAYMENTS MARKET | KEY FACTS

  • The Czech Republic, which emerged from the dissolution of Czechoslovakia in 1993, joined neighbours Poland, Slovakia, Germany and Austria in the European Union just over a decade later.
  • The retail banking landscape is characterised by subsidiaries of large European banking groups who face competition in this market from an array of consumer finance companies.
  • Czech consumers have been quick to embrace new payment methods with the country one of the first in the world to see widespread adoption of contactless payments.
  • Spending on debit cards and mobile wallets grew strongly during the pandemic, in many instances replacing cash as the favoured method of payment for many consumers.
  • The central bank operates the infrastructure for instant payments in the country through a payment system called CERTIS. Participation in the scheme is voluntary, so not all institutions offer instant payment services to their customers.

Czech Payments Research | Report Contents

TABLE OF CONTENTS
Key facts
Payments environment
Cards market
E-commerce
Fintech and mobile payments
Credit card profitability
Networks
Issuers
Merchant acquiring
Regulatory environment

Appendices: Czech Republic Payments Data Tables

Appendix I: Demographic and economic indicators
Data table 1: Demographic and economic indicators: 2016-21. Estimates and forecasts to 2025.
Data table 2: Ownership of key consumer devices: 2016-21. Estimates and forecasts to 2025.
Data table 3: Internet usage by population: 2016-21. Estimates and forecasts to 2025.

Appendix II: Payments environment
Data table 4: Access points: 2016-21. Estimates and forecasts to 2023.
Data table 5: B2C e-commerce payment methods: 2016-21. Estimates and forecasts to 2023.

Appendix III: Cards market
Data table 6: Total cards payment metrics: 2016-21. Estimates and forecasts to 2025.
Data table 7: Contactless cards metrics: 2016-21. Estimates and forecasts to 2025.
Data table 8: Credit card numbers: 2016-21. Estimates and forecasts to 2025.
Data table 9: Total credit cards metrics: 2016-21. Estimates and forecasts to 2025.
Data table 10: Credit cards profitability indicators: 2016-21. Estimates and forecasts to 2025.
Data table 11: Debit cards numbers: 2016-21. Estimates and forecasts to 2025.
Data table 12: Debit cards metrics: 2016-21. Estimates and forecasts to 2025.

Appendix IV: Mobile payments
Data table 13: Mobile proximity payment metrics: 2017-20. Estimates and forecasts to 2025.

Appendix V: Profit pool
Data table 14: Czech Republic market profit pool: 2016-21. Estimates and forecasts to 2025 including credit card numbers, billed volumes, outstandings, interest incomes, net interest revenues, merchant revenues, card fee revenues, other non-interest incomes, total revenues, net credit losses, operating expenses, total expenses, pre-tax profits, merchant service charges, rollover rates, APR, net credit losses to outstandings, operating costs to revenues, ROA (pre-tax profits to outstandings).

Appendix VI: The networks
Data table 15: Networks' credit card market shares: 2016-21. Estimates and forecasts to 2023.
Data table 16: Credit card interchange fees by network: 2016-21. Estimates and forecasts to 2023.
Data table 17: Networks' debit card market shares: 2016-21. Estimates and forecasts to 2023.
Data table 18: Networks' debit cards numbers: 2016-21. Estimates and forecasts to 2023.
Data table 19: Debit card interchange fees by network: 2016-21. Estimates and forecasts to 2023.

Appendix VII: Key retail banks and issuers
Data table 20: Key credit card issuers market shares by credit card numbers: 2018-21. Estimates and forecasts to 2023.
Data table 21: Key issuers market shares in credit card outstandings: 2018-21. Estimates and forecasts to 2023.
Data table 22: Key debit card issuers market shares by debit card numbers: 2018-21. Estimates and forecasts to 2023.

Appendix VIII: Acquiring and processing
Data table 23: Merchant acquirer credit card market share: Estimates for 2022.
Data table 24: Credit card merchant service charges: 2016-21. Estimates and forecasts to 2025.
Data table 25: Merchant acquirer debit card market share: Estimates for 2022.
Data table 26: Debit card merchant service charges: 2016-21. Estimates and forecasts to 2025.
Data table 27: Credit card issuer/issuing processor relationships
Data table 28: Credit card acquirer/acquiring processor relationships
Data table 29: Credit card issuing processor market shares by card numbers: Estimates for 2022.
Data table 30: Credit card acquiring processor market shares by the number of POS transactions: Estimates for 2022.

Czech Republic Country Report | Selected Extracts

Payments environment
Czechs have been amongst the most enthusiastic adopters of contactless technology in Europe.

Cards market
This well-developed and competitive cards market continued to grow during 2020 and 2021, as terminal infrastructure grew.

E-commerce
During 2021, it is estimated that over half of the Czech population bought at least one product online, mostly by mobile.

Fintech and mobile payments
Czechs are among the most enthusiastic adopters in Europe of mobile proximity payments.

Credit card profitability
The Czech credit cards market has remained profitable throughout the pandemic, but there has been a general decline in recent years.

Card networks
Mastercard has a dominant position in the credit cards market with Visa struggling to penetrate. Commercial credit cards are on the rise here, and the networks are launching new products.

Issuers
Five banks dominate this retail banking market: Česká Spoitelna, ČSOB, Komerční Banka (KB), UniCredit Bank and Raiffeisenbank.

Merchant acquiring
The Czech merchant acquiring market, like many others, has been characterised by consolidation in recent years, as several acquiring banks have sold their operations or entered joint ventures.

Regulatory environment
The Czech National Bank supervises financial institutions and banks here and serves as the country's central monetary authority.

Czech Republic Payments Report | Entities Referenced

Alza.cz
Apple Pay
BCA
Bunq
CBCB
CCR
Central Credit Register
CERTIS
Česká národní banka
Česká Spoitelna
CNB
CNCB
COBS
CRIF
ČSOB
Czech Bank Card Association
Czech Banking Credit Bureau
Czech National Bank
Czech Non-Banking Credit Bureau
Czech Standard for Open Banking
Czech Statistical Office
CZSO
Diners Club
ECB
Essox
European Central Bank
Evo
FerBuy
Global Payments
Google Pay
Hello Bank
HomeCredit
IMF
International Monetary Fund
International Telecommunication Union
ITU
KB
KB SmartPay
Komerční Banka
KupNajisto
Mall Group
Mall Pay
Mall.cz
Mastercard
Ministry of Industry and Trade
MIT
Monese
Moneta Money
Neat
Office for the Protection of Competition
Raiffeisenbank
Revo Payments
Revolut
Rohlik.cz
SIA
Société Générale Consumer Finance
Twisto
UniCredit
ÚOHS
Úad pro ochranu hospodáské soutže
Visa
Worldline
Zip

MORE EUROPE CARDS & PAYMENTS REPORTS

Reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in Europe. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and finance experts.

See more European country reports or explore cards & payments research reports for markets worldwide.

To find out more or to discuss subscription options, please email: research_enquiries@argusinformation.com or telephone: +44(0)20 7337 4200.