Apple Pay celebrates success in the Czech Republic. People spend on millions, the state wants to give terminals to smaller businesses.

Waiting for several years has paid off. There is considerable interest in Apple Pay among Czechs, and a similar type of cashless payments could play an exciting role in the future. Paying with the phone is more natural and safer; there is no need to carry a wallet or pull a card - just pull the mobile device and just attach.

Apple Pay celebrates success in the Czech Republic. People spend on millions, the state wants to give terminals to smaller businesses.
Apple Pay celebrates success in the Czech Republic. People spend on millions, the state wants to give terminals to smaller businesses.


As of yesterday, institutions such as Twisto, Komerční Banka, MONETA, Česká spořitelna, AirBank and mBank have launched the service, and in the next wave, this year, other banks are promising to join. Clients have been informed about an error message about their credit card support while adding it to the system.


Česká spořitelna announced on Tuesday evening 20,000 users who activated Apple Pay and spent 2.5 million crowns during this.

MONETA announced 9,000 clients who executed transactions worth half a million crowns.

At Air Bank, 22,000 clients tried new technology, paying 3.2 million crowns.

Twenty percent of account owners who have Apple devices have tried Twisto and Apple Pay.


“The results of Day 1 exceeded our expectations. On average, every fourth user of our mobile banking has activated an Apple Pay card, ”said Moneta spokesman Jakub Švestka.

Is it flashing for cashless time?
The state wants to support a modern alternative to payment. Nothing is needed to accept Apple Pay but an ordinary NFC terminal, which is implemented in the vast majority of classic payment terminals.

The Czech Republic is one of the worse countries in Europe in terms of the number of such facilities in shops and tradesmen. We have 215,000 terminals at us, while at least 400,000 are needed.

Therefore, Mastercard wants to sign a memorandum with the Ministry of Industry and Business Associations to make terminals available even where it is still sturdy - for smaller entrepreneurs and, for example, craftsmen who are worried about fees and thus extra costs. Something similar is introduced in neighboring Poland, and it is possible to pay for it in cash, even in a church.

The arrival of services such as Apple Pay or Google Pay and other technological tweaks could literally revolutionize our payment. 90 percent of Czechs use contactless payments. In addition to fees through these services, money can be collected for contactless ATMs.