Payment methods in Luxembourg
E-commerce revenue of ~$1.23B in 2024; average revenue per user approaching $3,000 — highest in Europe
Market takeaways
- E-commerce revenue of ~$1.23B in 2024; average revenue per user approaching $3,000 — highest in Europe
- 80% of Luxembourgish online spending crosses national borders — the highest cross-border rate in Europe
- Online bank transfer accounts for nearly half of all online purchases
- DigiCash by Payconiq is the most popular domestic digital payment solution
- Each Luxembourgish citizen holds an average of 1.79 debit cards and 4.18 credit cards
Population
0.67M
Online population
~0.61M (~91%)
B2C e-commerce
~$1.23B (2024 est.)
Banked population
~99%
Credit card population
~85%
E-commerce of total retail
~20%
Payment method breakdown
- Bank Transfer45%
- Card35%
- E-Wallet15%
- Cash3%
- Other2%
Card scheme breakdown
- Visa45%
- Mastercard45%
- American Express8%
- Local Schemes1%
- Other1%
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Luxembourg
All payment methods available in this market, sorted by prominence.
PayPal
Global digital wallet and checkout provider with broad e-commerce coverage.
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.
Luxtrust / 3D Secure
LuxTrust provides digital identity and secure authentication solutions for Luxembourg's banking and e-commerce sector, underpinning 3D Secure card verification and secure online banking authentication.
Visa
Visa is the world's largest card network, enabling credit, debit and prepaid card payments online, in-store and at ATMs across virtually every market. In the listed countries Visa is a core internationally accepted scheme alongside local methods.
Mastercard
Mastercard is a leading global card network supporting credit, debit and prepaid card payments online, in-store and at ATMs worldwide. In the listed countries it is a core internationally accepted scheme.
DigiCash by Payconiq
The most popular domestic digital payment solution in Luxembourg. DigiCash is a mobile payments app operated by Payconiq International (a subsidiary of Worldline) and supported by major Luxembourg banks (BGL BNP Paribas, BCEE, Raiffeisen, etc.). Used for both in-store QR code payments and online checkout.
Satispay
Italian smartphone payment network independent of cards, used for in-store, online and P2P payments. Operator: Satispay S.p.A.. Est. users: 5.5M users (2024).
Apple Pay / Google Pay
The major international device-based wallets — Apple Pay, Google Pay and Samsung Pay — have been widely adopted in Kuwait alongside local prepaid cards. These wallets tokenise underlying debit and credit card credentials and are accepted at NFC-enabled point-of-sale terminals and participating online merchants. Their adoption reflects Kuwait's high smartphone penetration and consumer preference for contactless payments.
Featured banks in Luxembourg
All banks operating in this market, sorted by prominence.
UBS Group
Zurich, Switzerland
UBS Group is Switzerland's largest bank and one of the world's premier wealth managers. Following its acquisition of Credit Suisse in 2023, UBS now manages over $5 trillion in invested assets globally.
BNP Paribas
Paris, France
BNP Paribas is France's largest bank and a global top-10 financial institution, providing retail, corporate, and investment banking, insurance, and asset management across 65 countries.
ING Group
Amsterdam, Netherlands
ING Group is the Netherlands' largest bank and a leading European financial institution. It operates a digital-first universal banking model across Europe and globally.
BTG Pactual
São Paulo, Brazil
BTG Pactual is Brazil's largest investment bank and a leading asset manager in Latin America, offering investment banking, asset and wealth management, and corporate lending.
BNP Paribas Fortis
Brussels, Belgium
BNP Paribas Fortis is Belgium's largest bank, a subsidiary of BNP Paribas, offering retail, business, and corporate banking across Belgium and Luxembourg.
Julius Baer
Zurich, Switzerland
Julius Baer is one of Switzerland's leading pure private banking and wealth management groups, managing assets for high-net-worth individuals globally.
Bankinter
Madrid, Spain
Bankinter is a Spanish bank known for its innovative approach, focusing on private banking, SMEs, and mortgages.
Alpha Bank
Athens, Greece
Alpha Bank is one of Greece's four systemic banks, offering retail, corporate, and investment banking in Greece, Cyprus, Romania, Bulgaria, and other markets.
Eurobank
Athens, Greece
Eurobank is one of Greece's four systemic banks, with operations in Bulgaria, Serbia, Cyprus, Luxembourg, and London, offering retail and corporate banking.
Pictet Group
Geneva, Switzerland
Pictet is a Swiss independent private bank founded in Geneva, operating as a partnership. It specialises in wealth and asset management with a global presence.
BGL BNP Paribas
Luxembourg City, Luxembourg
BGL BNP Paribas is the Luxembourg subsidiary of BNP Paribas Group, serving retail, corporate, and institutional clients in the Grand Duchy.
Spuerkeess (BCEE)
Luxembourg City, Luxembourg
Spuerkeess (Banque et Caisse d'Épargne de l'État) is Luxembourg's state savings bank, offering universal banking to private individuals, SMEs, and public sector clients.
Banque Internationale à Luxembourg (BIL)
Luxembourg City, Luxembourg
BIL (Banque Internationale à Luxembourg) is one of Luxembourg's oldest banks, offering retail, private banking, and corporate banking.
Lombard Odier
Geneva, Switzerland
Lombard Odier is a Swiss private bank and asset manager founded in Geneva in 1796, one of the oldest private banking partnerships in the world.
ING Luxembourg
Luxembourg City, Luxembourg
ING Luxembourg is the Luxembourg branch of the ING Group, providing retail, corporate, and private banking.
Raiffeisen Luxembourg
Luxembourg City, Luxembourg
Raiffeisen Luxembourg is a cooperative bank offering retail and private banking services to individuals and professionals in Luxembourg.
Andbank
Andorra la Vella, Andorra
Andbank is one of Andorra's largest private banks, offering wealth management and private banking internationally.
Other Banks — Luxembourg
Luxembourg City, Luxembourg
Aggregate of all remaining banks in Luxembourg not individually listed, collectively ~77.6% of domestic banking assets.
