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The COVID-19 pandemic has been a driver in the use of charge card payments, as many consumers used digital payments instead cash as a way to avoid contact with cash, a potential driver of the virus. As a consequence, despite the fact that many consumers already owned a contactless card, many of them only started using the contactless function on such cards for the first time during the COVID-19 pandemic.
Players were trying to support consumers and businesses at the height of the COVID-19 pandemic. For example, Diners Club Italia Srl offered Diners Club members resident in the so-called “COVID-19 red zones” the possibility of extending repayment terms on their cards (by up to 60 days) and offered businesses zero commission on payments made through credit cards.
Food delivery has been strongly increasing during the COVID-19 pandemic as consumers changed their habits, due to the fact that restaurants were closed during the lockdown, at least for on-site dining. As a consequence, digital card payments strongly benefited from this trend, with such habits expected to remain ingrained among many Italian consumers in the future.
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Discover the latest market trends and uncover sources of future market growth for the Charge Card Transactions industry in Italy with research from Euromonitor's team of in-country analysts.
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If you're in the Charge Card Transactions industry in Italy, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s industry reports, including Charge Card Transactions in Italy, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.