Top APMs in the Eurozone: Understanding Regional Preferences

Continuing our exploration of Alternative Payment Methods (APMs) around the world, we now turn our focus to the Eurozone. This economic powerhouse, with its diverse payment landscape, offers a unique perspective on the future of digital transactions. This article looks into the top APMs used across the Eurozone, emphasizing the localized preferences in some of its largest economies.

The Eurozone's Digital Payments: A Mix of Tradition and Innovation

The Eurozone, comprising 19 of the 27 European Union’s Member States, presents a fascinating mix of payment preferences that blend traditional banking methods with cutting-edge digital solutions. With a nominal GDP of approximately €15.9 trillion in 2022, the Eurozone showcases a rich mixture of payment options that cater to its technologically advanced and diverse consumer base, unlike other regions of the globe heavily reliant on mobile wallets or cash-based systems (which we’ve previously explored as part of this series, available to read here).

While the key trends outlined below provide a general overview of European payments, it's important to note that not all of these methods may be suitable for all businesses, especially those in high risk industries. Contact Praxis for a tailored list of relevant APMs for your specific business.

Key Trends in Eurozone's Payment Landscape

Bank Transfers

  • SEPA Transfers: The Single Euro Payments Area (SEPA) initiative simplifies bank transfers in euros, making them as easy as domestic transfers. It’s widely used for online purchases, bill payments, and more.
  • SOFORT: Particularly popular in countries like Germany, Austria, and Belgium, SOFORT (rebranded to PayNow in some jurisdictions) facilitates direct and secure payments using online banking details.

E-Wallets and Mobile Payments

  • PayPal: A global leader in digital payments, PayPal enjoys widespread usage across the Eurozone for both personal and business transactions.
  • Apple Pay and Google Pay: These tech giants have made significant inroads in the market, providing convenient contactless payments through smartphones.

Card Payments

  • Visa and Mastercard: Although not exclusive to the Eurozone, these global giants maintain a strong presence, being the primary choice for credit and debit card transactions.

Open Banking

  • This APM is rapidly gaining traction as a way to enable more innovative payment flows between banks and third-party providers. By leveraging modern APIs and data-sharing protocols, it represents an interesting combination of classic bank transfers with new technology - catering to the Eurozone's appetite for both convenience and security.

Localized APM Usage in Major Eurozone Economies


  • Giropay: A widely-used method, linking consumers directly to their bank for online purchases.
  • Paydirekt: Germany’s answer to online payment, offering secure and direct payment processing linked to users' bank accounts.


  • Carte Bancaire: The most popular card payment system in France, accepted widely across various merchants.
  • Lydia: A rapidly growing mobile payment app, especially popular among younger consumers for its ease of use and peer-to-peer transfer capabilities.


  • PostePay: A rechargeable prepaid card, heavily used for online shopping and services.
  • Satispay: An innovative app-based payment system, gaining popularity for small and everyday transactions.


  • Bizum: A mobile payment solution that has become a household name for quick and easy transfers.
  • CaixaBank Pay: Part of CaixaBank, this app allows for NFC payments and integrates various financial services.


  • iDEAL: Dominates the Dutch market, linking customers to their online banking for transactions.
  • AfterPay: A popular 'buy now, pay later' service, providing flexibility in online shopping.

Analyzing the Popularity of These APMs

The varied payment preferences across the Eurozone reflect more than just technological progress - they also demonstrate cultural nuances and consumer trust in established systems. For instance, non-cash transactions saw major growth in 2022, increasing 8.8% to 65.9 billion in the second half of the year compared to the prior six months. Of those transactions, 54% were card payments, underlining Eurozone consumers' continued preferences for familiar payment methods amid the rise of new options.

Additionally, the widespread use of conventional bank transfer methods like SEPA highlights continued faith in traditional banking infrastructure. At the same time, the rise of digital payment services like PayPal and mobile wallet apps indicates people's openness to user-friendly innovation that enhances convenience and utility in transactions.

In essence, adoption patterns showcase how Eurozone consumers welcome emerging technologies yet remain firmly anchored in conventional payment methods they know and trust. Businesses must strike the right balance between legacy and innovation when developing their Eurozone payment strategies.

Key Takeaways for Businesses

Thriving in the Eurozone requires understanding the localized payment preferences and trends that are driven by culture, demographics, and traditional versus modern consumer attitudes. While global brands have their place, homegrown card-payment innovators rule many markets, and harnessing their growing consumer significance can support businesses operating in this market.

As leaders in global payment connectivity, Praxis helps businesses navigate this diverse landscape. Contact Us for tailored payment solutions that align with the unique payment ecosystem of the Eurozone and beyond.