Payment methods in Slovakia

Europe

8methods

17banks

Slovak e-commerce reached EUR 1.84B in 2024 — second-highest ever — growing 6% year-on-year

Market takeaways

Slovak e-commerce reached EUR 1.84B in 2024 — second-highest ever — growing 6% year-on-year
52% of Slovak shoppers still pay on delivery (COD), one of the higher rates in EU e-commerce
Cards account for 40.30% of transactions; 96% of top Slovak stores accept Visa and Mastercard
BNPL growing at 13.31% CAGR through 2031 — the fastest-growing segment
Expected 7%+ annual growth through 2028, driven by contactless card adoption

Population

5.5M

Online population

~4.8M (~87%)

B2C e-commerce

~EUR 1.84B (2024)

Banked population

~90%

Credit card population

~55%

E-commerce of total retail

~15%

Payment method breakdown

Cash on Delivery48%
Card35%
Bank Transfer10%
E-Wallet5%
BNPL2%

Card scheme breakdown

Visa52%
Mastercard44%
American Express2%
Local Schemes1%
Other1%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Slovakia

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.

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.

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.

TatraPay

Tatra banka's pay-by-bank service redirecting shoppers to online banking to authorize e-commerce payments. Operator: Tatra banka, a.s.. Est. users: Major Slovak bank with broad retail base.

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).

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.

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.

Featured banks in Slovakia

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.

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.

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.

OTP Bank

Budapest, Hungary

OTP Bank is Hungary's largest bank and the dominant financial institution in the country, with significant regional presence across Central and Eastern Europe and the Balkans.

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.

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.

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.

Tatra banka (Raiffeisen SK)

Bratislava, Slovakia

Tatra banka is Slovakia's third-largest bank, a subsidiary of Raiffeisen Bank International, known for innovation and digital banking.

Slovenská sporiteľňa (Erste SK)

Bratislava, Slovakia

Slovenská sporiteľňa is Slovakia's largest bank, a subsidiary of Erste Group, offering retail and corporate banking.

VÚB Banka (Intesa Sanpaolo SK)

Bratislava, Slovakia

VÚB Banka is Slovakia's second-largest bank, a subsidiary of Intesa Sanpaolo, offering retail and corporate banking.

Banca Mediolanum

Milan, Italy

Banca Mediolanum is Italy's leading bancassurance group, offering integrated banking, insurance, and investment products primarily through a network of financial advisors.

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.

ČSOB Slovakia (KBC)

Bratislava, Slovakia

ČSOB Slovakia is the Slovak subsidiary of KBC Group, providing retail and corporate banking.

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.