Poland Cards and Payments – Opportunities and Risks to 2026

The Poland cards and payments market was valued at $145.2 billion in 2021. It is estimated to grow at a CAGR of more than 11% between 2022 to 2026. Payment cards emerged as the preferred payment tool in Poland; however, Polish consumers still widely used cash, primarily for day-to-day, low-value transactions. Government initiatives and banks’ and payment companies’ promotional strategies drive the Polish cards and payments market. Additionally, the convenience of electronic payments and improving payment infrastructure are anticipated to propel market growth.

The Poland cards and payments report provides a detailed analysis of market trends in the Polish cards and payments industry. It provides values and volumes for several key performance indicators in the industry, including cards, cash, credit transfers, mobile wallets, direct debits, and cheques during the review period. The report also analyzes various payment card markets operating in the industry. It provides detailed information on the number of cards in circulation, transaction values, and volumes. It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

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Poland Cards and Payments Market Dynamics

The Polish mobile proximity payments market is increasing, partly thanks to continued innovations in this space and the rising use of contactless payments by Polish consumers, making them more comfortable using mobile wallets. Buy now pay later (BNPL) is gradually gaining traction in the Polish payments market, with an increasing number of merchants, banks, and payment providers now offering this service. Furthermore, a robust e-commerce market attracts foreign e-commerce platforms to launch their services in Poland.

Key Payment Instruments in the Poland Cards and Payments Market

The key payment instruments in the Poland cards and payments market are cards, cash, credit transfers, mobile wallets, direct debits, and cheques. In terms of transaction volume, card payments surpassed cash to become the leading payment instrument, followed by credit transfers.

Poland Cards and Payments Market, by Payment Instruments

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Key Segment in the Poland Cards and Payments Market

Card-based payment is the key segment in the Poland cards and payments market. Although cash is still a preferred payment method, usage is declining in line with the rising consumer preference for electronic payments. This trend has become more prevalent due to COVID-19, with banks and merchants urging consumers to use non-cash payment methods to help contain the spread of the virus.

Key Players in the Poland Cards and Payments Market

Some of the key players in the Poland cards and payments market are Narodowy Bank Polski, Express Elixir, BlueCash, Bank Polski, Santander Bank, mBank, Bank Pekao, Millennium Bank, Citi Handlowy, and ING Bank Śląski among others.

Poland Cards and Payments Market Report Overview

Scope of the report

• This report provides detailed analysis of market trends in the Polish cards and payments industry. It provides values and volumes for several key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2017-21e).
• The report also analyses various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.
• The report brings together GlobalData’s research, modelling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.
• This report provides top-level market analysis, information and insights into Poland cards and payments industry, including –
• Current and forecast values for each market in the Polish cards and payments industry, including debit, credit, and charge cards.
• Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also includes an overview of the country’s key alternative payment instruments.
• Ecommerce market analysis.
• Analysis of various market drivers and regulations governing the Polish cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to the Polish cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities in the Polish cards and payments industry.
• Assess the competitive dynamics in the Polish cards and payments industry.
• Gain insights into marketing strategies used for various card types in Poland.
• Gain insights into key regulations governing the Polish cards and payments industry.