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Mobile payments in the Czech Republic: an overview for bankers


Topics covered in this guide


The Czech population have clearly demonstrated their readiness for mobile payments.

Two in five (40%) Czech bankers said they expected a fundamental shift in banking to occur within the next five years.

More than a quarter (26%) of surveyed Czech bankers feel worried that the likes of GAFA (major tech companies Google, Apple, Facebook and Amazon) will play a major role in banking disruption.

Being (or remaining) number one in financial services requires being number one in payments. To be number one in payments, you need to be number one in mobile payments.

Strong payment ties are fundamental to the primary bank/customer relationship. Payments are the banks’ gatekeeper to its customers. The payments process is an increasingly important source of revenue, data, customer interaction and a driver of loyalty among customers.