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Eastern Europe Online Payment Methods 2022

Eastern Europe Online Payment Methods 2022

  • July 2022
  • 74 pages
  • ID: 6292988
  • Format: PDF
  • yStats - Global E-Commerce Intelligence

Summary

Table of Contents

Payment preferences vary in some Eastern European countries

Card payments are made in multiple Eastern European countries

Among Eastern European countries with a preference for card payments when making B2C E-Commerce purchases were Russia, Turkey, the Czech Republic, and others. In Russia, card payments, such as prepayments by card and payment by card upon receipt, made by online shoppers increased from 2020 to 2021, whereas cash payments upon receipt decreased. Online purchases made using cards were significant in Turkey, Hungary, and the Czech Republic in 2021, and in Ukraine, the number and value of card payments increased from January 2022 to April 2022. A survey referenced in the report revealed that online businesses in Bulgaria were positively impacted by the acceptance of credit and debit card payments as well as digital and mobile wallet payments.

Digital payment usage rises in Eastern European countries

Other Eastern European countries such as Poland leaned more towards digital methods of payment. In Poland, online shoppers preferred paying for their online purchases using direct bank payments. Another survey also revealed that most online shoppers in Poland made payments using immediate transfer via payment services and mobile payments. Although more than one-half of the Internet users in the Czech Republic used card payments via gateway to complete their online purchases, more than one-third also revealed that they made their payments using online bank transfers, as spelled out in the report. In addition, electronic payments were heavily used for domestic and cross-border E-Commerce purchases, and most online shoppers in Croatia preferred using digital wallets.

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