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Luxembourg

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.

Luxembourg flag

Population

650,774

Banked Population:

98.77%

Group 427321246

Main industries

Banking, Steel, Information Technology, Tourism, and Agriculture

Group 427321247

Main imports

Cars, Refined Petroleum, Computers, Scrap Iron, and Electricity

Group 427321248

Main exports

Iron Blocks, Cars, Rubber Tires, Gas Turbines, and Iron Sheet Piling

GDP stats

$126,426.1

Per capita (USD)

1.5%

Growth annually

69

World ranking

Internet usage

99%

Smartphone usage

90%

Credit/debit card usage

69.8%

Group 427321245 1

Total volume of digital payments projected to reach

$1,849.00M (USD)

Payment Methods in Luxembourg

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  • Voucher

VOUCHER

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