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Czech Republic

Czech Koruna (CZK)

The Czech Republic has seen a significant increase in digital payments in recent years, driven by the modernization of the payment infrastructure. Contactless payments are especially popular, with mobile payments also expected to grow. However, cash is still the dominant payment method, especially for small transactions.

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Population

10,505,772

Banked Population:

94.94%

Group 427321246

Main industries

Manufacturing, Service, and Agriculture

Group 427321247

Main imports

Broadcasting Equipment, Motor Vehicles (parts & accessories), Office Machine Parts, Computers, and Packaged Medicaments

Group 427321248

Main exports

Cars, Motor Vehicles (parts & accessories), Computers, Broadcasting Equipment, and Office Machine Parts

GDP stats

$26,821.2

Per capita (USD)

3.5%

Growth annually

47

World ranking

Internet usage

83%

Smartphone usage

71%

Credit/debit card usage

29.9%

Population transacting electronically

85%

Group 427321245 1

Total volume of digital payments projected to reach

 $15.66B (USD)

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