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Italy

Euro (EUR)

Italy has seen a rise in e-payments, which are now the preferred method of payment for more than half of the population, with digital wallets and Buy Now, Pay Later (BNPL) being among the most popular. The pandemic resulted in a growth in online transactions - extending even to car tax payments, for example - to minimize in-person interactions.

Italy flag

Population

59,109,668

Banked Population:

97.29%

Group 427321246

Main industries

Tourism, Manufacturing, Agriculture, Service, and Trade

Group 427321247

Main imports

Crude Petroleum, Petroleum Gas, Cars, Packaged Medicaments, and Gold

Group 427321248

Main exports

Packaged Medicaments, Cars, Motor Vehicles (parts & accessories), Refined Petroleum, and Vaccines

GDP stats

$35,657.5

Per capita (USD)

6.7%

Growth annually

9

World ranking

Internet usage

75%

Smartphone usage

69%

Credit/debit card usage

57.88%

Population transacting electronically

70%

Group 427321245 1

Total volume of digital payments projected to reach

$112.30B (USD)

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