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Learn moreNov 2020
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The emergence of COVID-19 accelerated the ongoing migration towards non-cash payments in Poland, further strengthening the already dominant position of contactless smart cards. While initial uncertainty at the beginning of the pandemic in terms of accessing their savings resulted in some consumers making higher withdrawals of cash from ATMs, this was a short-lived trend.
Unlike all other financial cards in circulation in Poland, demand for debit cards also continued to rise in 2020, supported by a further jump in the banked population. Local consumers began to understand the importance of having a bank account with an associated financial card which would enable them to not only make contactless payments in retailers but also online, as an increasing number of consumers made purchases through e-commerce, taking advantage of home delivery which reduced the need to come into contact with others outside of the home.
PKO Bank Polski SA remained the largest issuer in debit cards in 2020, in terms of card number and current value transactions. It offers a variety of debit card types for individuals, SMEs and corporations.
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Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in Poland with research from Euromonitor's team of in-country analysts.
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Euromonitor’s industry reports, including Debit Transactions in Poland, originate from our database within our Consumer Finance market share and market size database.
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