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Insights into the Slovak fintech ecosystem

The Slovak fintech ecosystem is a special market, due to a variety of reasons. The financial industry is innovative, because multiple international banking groups are operating in a local market under separate…Continue reading

Wireless payment

Digitalization

Internet usage (of pop.)
91%
Did online shopping (age 15+)
55 – 57%
Paid bills via internet (age 15+)
66 – 67%
Accessed a bank account online (age 15+)
56 – 58%
Paid utility bills using a mobile phone (age 15+)
6 – 8%
Made or received digital payments (age 15+)
88 – 89%

Data overview for Slovakia

Wireless payment

Digitalization

Internet usage (of pop.)
91%
Did online shopping (age 15+)
55 – 57%
Paid bills via internet (age 15+)
66 – 67%
Accessed a bank account online (age 15+)
56 – 58%
Paid utility bills using a mobile phone (age 15+)
6 – 8%
Made or received digital payments (age 15+)
88 – 89%
Business chart

Macro data

Population 2020
5.4M
GDP Total 2020
96.7B
GDP per capita 2020 (PPP)
29,100
GDP forecast 2021
5.02%
Trade Flows (% of GDP)
160.9%
Cash increase

Banking data

Total bank assets 2020
91.6B
Total bank assets 2020/GDP
101%
Account ownership (age 15+)
91 – 92%
Debit card ownership (age 15+)
88 – 90%
Coin in hand

Economic data

Unemployment
7.4%
Currency
EUR
Remittances (% of GDP)
1.8%
Private Consumption (yoy)
3%

Data provided by Raiffeisen Research, Sources

Slovakia compared to other CEE countries

Data provided by Raiffeisen Research, Sources

See all CEE countries