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Proximity Payments Growing in Eastern Europe

Proximity Payments Growing in Eastern Europe

FromEuromonitor Podcasts


Proximity Payments Growing in Eastern Europe

FromEuromonitor Podcasts

ratings:
Length:
6 minutes
Released:
Jun 16, 2020
Format:
Podcast episode

Description

Mobile wallets and proximity payments are gaining significant ground in Eastern Europe. The are popular in such countries as Poland, Russia, Ukraine and Czech Republic, with millions of consumers routinely utilizing them. While Apple Pay leads the region, local players such as Poland's BLIK are also emerging. BLIK allows payments as well as peer-to-peer transfers and ATM withdrawals. However, it is struggling to dent the share of larger players.   In the wake of the Coronavirus pandemic, proximity payments will continue to rise, as they provide a contactless solution to payment. Euromonitor International estimates that in 2020, mobile proximity payments in Eastern Europe are going to show a very strong dynamic, exceeding a 30 percent growth rate. 
Released:
Jun 16, 2020
Format:
Podcast episode

Titles in the series (100)

Euromonitor International talks about global market research affecting the world today with a look at the global economy, emerging markets, and consumer trends around the world.