Payment methods in Czech Republic

Europe

7methods

17banks

Czech e-commerce is worth US$6 billion per year, expected to reach US$8 billion by 2027.

Market takeaways

Czech e-commerce is worth US$6 billion per year, expected to reach US$8 billion by 2027.
Bank transfers represent 33% of online transactions — significantly above the European average.
Cards account for just 25% of online transactions; Visa and Mastercard hold equal shares at 45%/55%.
The average Czech shopper spends US$612 per year online, rising to US$791 by 2027.
26% of Czech online shoppers have bought from merchants outside the country.

Population

10.9M

Online population

9.8M

B2C e-commerce

$6B

Banked population

98%

Credit card population

16%

E-commerce of total retail

14%

Payment method breakdown

Card25%
Cash15%
Bank Transfer33%
E-Wallet22%
Other5%

Card scheme breakdown

Visa45%
Mastercard55%
American Express0%
Local Schemes0%
Other0%

Cross-border e-commerce

Cross-border shoppers

26%

Share of e-commerce

Cross-border value (est.)

$0.2B

Featured payment methods in Czech Republic

All payment methods available in this market, sorted by prominence.

PayU

PayU is a leading online payment gateway in Central and Eastern Europe, enabling Czech consumers to make bank transfers and card payments through a unified checkout interface. It connects to Czech banks directly and is widely used by domestic e-commerce merchants. PayU supports both one-time and recurring payments.

Bank Transfer (Internet & Mobile Banking)

Generic online and mobile bank-transfer methods (internet banking, e-banking, EFT and interbank transfers). Customers pay directly from their bank account via their bank's own online/mobile banking portal. Implementation and rails differ by country, but the consumer flow is a standard account-to-account bank transfer.

Paysafecard

Paysafecard is a prepaid voucher payment method allowing consumers to pay online without a bank account or card. Vouchers are purchased at retail points of sale and redeemed with a 16-digit PIN at checkout. Switzerland is a supported Paysafecard consumer country and usage is concentrated in gaming, digital goods, and entertainment sectors.

Twisto

The Czech Republic's leading buy-now-pay-later service offering deferred payment and pay-in-3 at online checkout. Operator: Twisto Payments a.s. (part of Zip). Est. users: 1.6M+ customers (cumulative).

Cash on Delivery (COD)

The single most-used payment method, with approximately 45-47% of e-commerce orders still settling in cash at delivery. Consumer distrust of online payments remains the primary driver. Most major Serbian logistics providers (Post of Serbia, DExpress, etc.) offer COD collection.

Paysera

Paysera is a major Lithuanian fintech company founded in 2004, offering a wide range of financial services including an e-money wallet, payment gateway for merchants, SEPA bank transfers, currency exchange, and international money transfers. It operates across the EU and beyond, and is particularly popular among Lithuanian SMEs and e-commerce merchants as a cost-effective alternative to traditional banking. Paysera holds an e-money institution license and processes payments in EUR and multiple currencies.

Cash on Delivery

Cash on Delivery (COD) is the dominant payment method for Algerian e-commerce, reflecting low consumer trust in online payment systems and limited access to cards or digital wallets. Customers pay the delivery agent in cash when goods arrive. Nearly all Algerian e-commerce platforms offer COD as their primary or only payment option. The widespread reliance on COD is both a symptom of underdeveloped payment infrastructure and a barrier to merchant cash flow, as returned goods result in no payment.

Featured banks in Czech Republic

All banks operating in this market, sorted by prominence.

Intesa Sanpaolo

Turin, Italy

Intesa Sanpaolo is Italy's largest bank and one of the Eurozone's leading financial institutions, providing retail, corporate, and investment banking in Italy and across Eastern Europe, the Middle East, and Africa.

UniCredit

Milan, Italy

UniCredit is a pan-European commercial bank headquartered in Milan with a strong presence in Italy, Germany, Austria, and Central & Eastern Europe, serving 15 million clients.

Erste Group

Vienna, Austria

Erste Group is Austria's largest bank, headquartered in Vienna. It serves 17 million clients across Austria, Czech Republic, Slovakia, Hungary, Romania, Serbia, Croatia, and Slovenia.

Société Générale

Paris, France

Société Générale is a leading European bank offering retail banking in France and Eastern Europe, plus global markets and investment banking services.

KBC Group

Brussels, Belgium

KBC Group is a Belgian banking-insurance company with a strong presence in Belgium, Czech Republic, Slovakia, Hungary, Bulgaria, and Ireland.

PKO Bank Polski

Warsaw, Poland

PKO Bank Polski is Poland's largest bank by assets and customer count, state-controlled, offering universal retail, corporate, and investment banking.

Raiffeisen Bank International (RBI)

Vienna, Austria

Raiffeisen Bank International (RBI) is Austria's second-largest bank and a leading retail and corporate bank in Central and Eastern Europe, operating in 13 markets.

Česká spořitelna (Erste CZ)

Prague, Czech Republic

Česká spořitelna is the Czech Republic's largest bank by assets and customers, a subsidiary of Erste Group. It offers universal retail, SME, and corporate banking.

ČSOB (KBC Group)

Prague, Czech Republic

ČSOB (Československá obchodní banka) is Czech Republic's third-largest bank, a subsidiary of KBC Group, offering retail, SME, and corporate banking.

mBank

Warsaw, Poland

mBank is a Polish digital-first bank, subsidiary of Commerzbank. It was the first online-only bank in Poland and is known for its mobile and internet banking innovation.

Komerční banka (Société Générale)

Prague, Czech Republic

Komerční banka is Czech Republic's second-largest bank, a subsidiary of Société Générale, providing retail, corporate, and investment banking.

UniCredit Bank Czech Republic

Prague, Czech Republic

UniCredit Bank CZ is the Czech subsidiary of UniCredit, focusing on retail, SME, and corporate banking.

Air Bank (PPF)

Prague, Czech Republic

Air Bank is a Czech digital challenger bank, part of the PPF Group, known for transparent pricing and a strong mobile banking experience.

BayernLB

Munich, Germany

BayernLB is Bavaria's state-owned Landesbank, providing corporate, real estate, and infrastructure financing primarily in Germany and Central Eastern Europe.

Moneta Money Bank

Prague, Czech Republic

Moneta Money Bank is a Czech retail and SME bank, formerly GE Money Bank. It focuses on accessible retail banking and consumer finance.

Oberbank

Linz, Austria

Oberbank is a regional Austrian bank based in Linz, part of the 3 Banken Gruppe. It offers retail and corporate banking with a focus on SMEs in Upper Austria.