European Payment Cards Yearbook

Italy - Summary

Market Overview

  
Payment Organizations Consorzio Bancomat, SIA-SSB, ICBPI, CartaSi
   
Domestic Card Brand Debit: Bancomat/PagoBancomat
Credit: CartaSi, BankAmericard
   
Market Structure

Bancomat/PagoBancomat is the domestic debit network, while CartaSi and BankAmericard are the main credit card groupings.

Historically, Italy had a smaller card payment market than the other large EU economies. After a phase of growth, credit card payments slowed to a rise of 2.5% during 2006 while debit card transactions at the POS increased by just 5%.
   
Major Issuers Intesa Sanpaolo, UniCredit
   
Consumer Finance Total consumer credit outstanding was Û97.0bn at end-2007 (Û12.3bn on credit cards), with 60% of outstanding credit on credit cards owed to finance companies like Findomestic and the rest to banks.
   

Key Statistics 2008

  
Population 59.6 million
Cards Debit: 38.8 million
Credit (active): 16.1 million
Total: 54.9 million

 

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Purchase Profile

 

 

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