European Payment Cards Yearbook

Czech Republic- Summary

	Price: £50.00
Market Overview
Payment Organization	SBK Czech Bank Card Association (BCA)

Market Structure	As in most CEE markets, payment card issuance and use is growing rapidly. POS payments have had higher volumes than ATM withdrawals since 2008. The three largest Czech banks are owned by western European banks: CSOB by KBC of Belgium, Komercni banka by Société Générale of France, and Ceska Sporitelna by Erste Bank of Austria. The three large banks dominate the market, with Ceska Sporitelna accounting for nearly 40% of cards issued. The main card processor is Global Payments Europe (formerly MUZO). According to BCA, 94% of cards were chip-enabled at end-2010.

Major Issuers	Ceska Sporitelna, CSOB, Komercni banka, UniCredit Bank CR.

Major Acquirers	Ceska Sporitelna, CSOB, Komercní banka, UniCredit Bank CR, Raiffeisenbank.

Key Statistics 2010
Population	10.5 million
Cards	Debit: 7.9 million Credit and charge: 1.6 million Total: 9.5 million