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DatabankJune 14 2022

E-wallets overtake invoices in Germany, while PayPal remains strong in Italy

Online payment methods vary across Europe, with some countries increasingly opting for digital payments while others still preferring to use traditional methods, according to a report by Nexi. Burhan Khadbai reports.
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European payment technology firm Nexi’s 2021 European E-commerce Report has revealed how consumers’ preferred payment methods have changed during the pandemic.

The report analyses e-commerce data from eight European countries: Austria, Denmark, Finland, Germany, Italy, Norway, Sweden and Switzerland, where a total of €493bn was spent last year. The data is based on results from surveys conducted by Kanatr/Sifo on behalf of Nets, part of Nexi Group, in the form of 50 weekly interviews among 15,000 internet users across the eight countries.

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