Most used in-store (POS) payment methods in Netherlands 2017-2023, with 2027 forecast
high adoption of contactless payments, especially among Millennials. This early familiarity for contactless somewhat translates in the growing use of wallets. The Netherlands ranked as one of Europe's leading countries in using wearables in POS, but also one of the higher adoption rates for Apple Pay worldwide.
The dominant market position of debit cards in Dutch POS payment declines somewhat since COVID-19, in favor of mobile wallets. Years before the pandemic, debit cards were used much more frequently in physical stores than credit cards - the market share of debit cards in 2021 was nearly five times higher than that of credit cards. One of the main reasons for this is the