Austrians in the digital payment frenzy: Credit cards on record course!
Austrians in the digital payment frenzy: Credit cards on record course!
Österreich - The payment habits in Austria experience a dramatic change! According to the current reports of Krone it can be seen that the trend towards digital payment methods is unstoppable. In 2024 Visa recorded remarkable growth in Austria: the use of Visa cards increased by ten percent, while the payment volume even increased by eight percent. The Austrians are enthusiastic about digitization, even if the desire for cash does not disappear. "Digitization in payments is progressing continuously," confirms Stefanie Ahammer, Country Manager of Visa in Austria.
The number of VISA cards increased by 12 percent last year. It is particularly exciting to increase in the Visa banker cards, the number of which has more than doubled, which is mainly fueled by innovative offers by Fintech companies. By 2024, Visa expects a further increase in acceptance points that have increased by 30 percent since 2022. "Digital payments can be a sales driver, especially for small and medium -sized companies," continues Ahammer. The skin pain limit has been reached: for many small shops it is now a matter of course to accept card payments, thanks to simple solutions such as smartphone apps.
challenge access to cash
These developments show how different the reality of payment transactions in Austria and Germany is. While the Austrians enthusiastically set off into the digital future, the Germans keep a critical look at the challenges of access to cash.
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