Market Share of Italy Payments Industry
Bancomat Pay is a high-potential domestic Italian mobile payment method. Bancomat Pay is available to over 37 million Italians with a PagoBancomat debit card for P2P, in-store, and online transactions. Online shoppers in Italy prefer to use their VISA or MasterCard credit, debit, or prepaid card. Most of these cards are distributed under the CartaSi or PostePay brand names. As a result, these two bank brands have been designated as 'payment methods.' Furthermore, credit cards, PayPal, and online bank transfers are popular methods of online payment in Italy payment market.
- May 2022 - In Time for Summer Vacations, a Global PayByPhone App Launches in Italy and Germany. In many cities, PayByPhone's app allows drivers to pay for parking and extend parking sessions remotely, as well as provides smart alerts to help drivers avoid costly parking fines.
- December 2021 - Mastercard announced that it has entered into a new partnership with Zucchetti, a provider of business software solutions. The partnership is aimed at bringing Expense Management Solution (EMS) to the offering of banks that issue Mastercard cards. The digital solution is expected to enable Italian SMEs with operational flexibility.
Italy Payments Market Leaders
PayPal Holdings, Inc.
*Disclaimer: Major Players sorted in no particular order