Euro (EUR)
In Luxembourg, online banking and digital payments are widely embraced, particularly among the 25-34 age group, 96% of whom use online banking services. Card payments account for a significant portion of cashless payments, making up about 64% of all transactions. Luxembourg boasts the highest banking internationalization rate in Europe at 94.8%, indicating the country's strong presence of international banking institutions.
Population
Banked Population:
Main industries
Banking, Steel, Information Technology, Tourism, and Agriculture
Main imports
Cars, Refined Petroleum, Computers, Scrap Iron, and Electricity
Main exports
Iron Blocks, Cars, Rubber Tires, Gas Turbines, and Iron Sheet Piling
$126,426.1
Per capita (USD)
1.5%
Growth annually
69
World ranking
Total volume of digital payments projected to reach
$1,849.00M (USD)
