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Enable Payment Solutions in Latvia

Euro (EUR)

Euro (EUR)

Latvians use a mixture of payment methods to suit their needs, including debit and credit cards, cash, bank transfers, mobile wallets, and automatic payments. However, cash usage remains high as it is the only payment method accepted everywhere.

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Zota - Payment solutions in Latvia
Zota - Payment solutions in Latvia
Latvia flag

Population

1,884,490

Banked Population:

96.62%

Group 427321246

Main industries

Industry Sector and Agriculture

Group 427321247

Main imports

Refined Petroleum, Broadcasting Equipment, Packaged Medicaments, Hard Liquor, and Cars

Group 427321248

Main exports

Broadcasting Equipment, Sawn & Fuel Wood, Wheat, and Packaged Medicaments

GDP stats

$21,148.2

Per capita (USD)

4.1%

Growth annually

99

World ranking

Internet usage

91%

Smartphone usage

68%

Credit/debit card usage

87%

Population transacting electronically

91%

Group 427321245 1

Total volume of digital payments projected to reach

 $3,454M (USD)

Payment Methods in Latvia

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  • Voucher

VOUCHER

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