Technological developments are transforming daily life in many ways, including how people shop. Mobile payments are growing across Europe as more people use smartphones and smartwatches to make purchases.
In 2024, 6% of all point-of-sale (POS) payments in the euro area were made through mobile apps, accounting for 7% of the total value. In 2019, both figures were just 1%, according to the European Central Bank (ECB).
