Contactless payments with phones or wearables in Italy recorded a growth figure of more than 100 percent between 2020 and 2021. This was a significant development for a country that is said to be among Europe's most cash reliant countries. The source cites the COVID-19 pandemic and the increase of the card limit from 25 euros to 50 euros as the main drivers for change. The value of payments made with a contactless or tap to pay payment option was roughly 133.5 billion euros in 2021 - of which mobile wallets on smartphones or wearables made up seven billion euros.
Value of mobile wallet transactions using contactless technology for payments in Italy from 2019 to 2021
(in million euros, and estimates in U.S. dollars)
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Statista. (March 24, 2022). Value of mobile wallet transactions using contactless technology for payments in Italy from 2019 to 2021 (in million euros, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1366249/annual-mobile-wallet-transaction-value-italy/
Statista. "Value of mobile wallet transactions using contactless technology for payments in Italy from 2019 to 2021 (in million euros, and estimates in U.S. dollars)." Chart. March 24, 2022. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1366249/annual-mobile-wallet-transaction-value-italy/
Statista. (2022). Value of mobile wallet transactions using contactless technology for payments in Italy from 2019 to 2021 (in million euros, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1366249/annual-mobile-wallet-transaction-value-italy/
Statista. "Value of Mobile Wallet Transactions Using Contactless Technology for Payments in Italy from 2019 to 2021 (in Million Euros, and Estimates in U.S. Dollars)." Statista, Statista Inc., 24 Mar 2022, https://www.statista.com/statistics/1366249/annual-mobile-wallet-transaction-value-italy/
Statista, Value of mobile wallet transactions using contactless technology for payments in Italy from 2019 to 2021 (in million euros, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/1366249/annual-mobile-wallet-transaction-value-italy/ (last visited January 08, 2025)
Value of mobile wallet transactions using contactless technology for payments in Italy from 2019 to 2021 (in million euros, and estimates in U.S. dollars) [Graph], Statista, March 24, 2022. [Online]. Available: https://www.statista.com/statistics/1366249/annual-mobile-wallet-transaction-value-italy/
