The Bank of Italy today publishes 'Report on the payment attitudes of consumers in Italy: results from the ECB SPACE 2022 survey', the new issue of the series 'Markets, infrastructures, payment systems'.
This report presents findings for Italy from the 'Study on the payment attitudes of consumers in the euro area (SPACE) - 2022', conducted by the European Central Bank between the end of 2021 and the first half of 2022. The primary aim of the report is to provide updated information on the prevailing trends in the use of payment methods in Italy. Additionally, where applicable and useful, the report compares Italy's results with those of the euro area and with data from the previous run of the survey, conducted in 2019, and from the 'Study on the use of cash by households in the euro area' (SUCH), conducted in 2015-16. The data show that, while cash remains the dominant payment method at the Point of Sale (POS), especially for low-value purchases (up to €50), its overall usage has declined in comparison with the findings of the previous editions of the survey. In terms of value of transactions, non-cash payments have gained importance, accounting for more than half of total expenditures at POS. Cashless payments are increasing overall, supported also by an uptake in e-commerce purchases. Specifically, cards, besides being the greatest competitor of cash for POS transactions, continue to be the most used means of payment both in terms of number and value of transactions for online purchases.