According to further data released by the Innovative Payments Observatory of the School of Management of the Polytechnic of Milan, mobilebased payments increased by 78% overall in Italy last year, reaching a value of 29 billion euros.
In 2023, Nexi, the European PayTech, recorded a 88% increase in the value of in-store smartphone and smartwatch transactions in Italy, new data reveals. The number of the payments processed by Nexi via smartphones and wearables during 2023 increased 103%, while the number of Nexi cards registered on apps that virtualise the card on the smartphone (based on NFC technology), such as Google Pay, Samsung Pay and Apple Pay, grew by 41% in the same time period.
Commenting on the latter point, Emiliano Imbimbo – Head of Digital VAS of Nexi Italia, said: „Nexi has seen further significant increases in the number of innovative card-based payments made by consumers in Italy over the last couple of years. This 41% increase, added to rises from the previous two years (+53% in 2022 and +50% in 2021), demonstrates how Italians prefer these solutions for their smartphone purchases both in physical stores and online.„
As further evidence of the preference of Italian consumers for card-based mobile payment solutions, NFC payments reached a value of €26,7 billion last year, equal to 92% of total mobile transactions, compared to €15.5 billion in 2022 (equal to 89% of total mobile transactions) and €5.7 billion in 2021 (87% of total mobile transactions)*.
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*Innovative Payments Observatory of the School of Management of the Polytechnic of Milan, 2024,
2023, 2022
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
