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.webp)
Austria
.avif)
Top e-commerce industries
21.4%
Electronics
20.2%
Hobby & Leisure
21.5%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Vienna
Capital
8.9M
Population
+1
Time Zone (GMT)
EUR €
Currency
Euro
$58.4B
Transactions
value in 2028
9.4%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach
.avif)
Method
Pay by Bank (AT)
Pay by Bank (AT)
LPM Market Share
32%
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
1M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Consumer Demand for Digital Services: With 59% of consumers preferring mobile banking in 2023, there is a clear shift towards digital financial solutions that offer convenience, speed, and efficiency
Integration with Neobanks: The rise of neobanks in Austria, projected to reach a transaction value of €13.22 billion by the end of 2024, reflects a broader acceptance of digital-first banking solutions that leverage open banking principles
Enhanced Financial Control: Open banking allows consumers to regain control over their financial data. They can choose which third-party providers (TPPs) access their information, leading to personalized financial services and products tailored to individual needs
