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Italy
Top e-commerce industries
25.5%
Electronics
17.9%
Hobby & Leisure
21.3%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Rome
Capital
60.9M
Population
+2
Time Zone (GMT)
EUR (€)
Currency
Euro
USD 228.4B
Transactions
value in 2028
10.8%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach
Open banking in Italy refers to the implementation of the regulatory framework that allows third-party financial service providers (TTPs) to access bank customer data and initiate transactions, with the customer's consent.
Method
Pay by Bank (IT)
Pay by Bank (IT)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Faster transfers: Open banking's instant account-to-account transfers ensure immediate fund availability
Cost reduction: Open banking offers an alternative to traditional card networks through direct account-to-account payments, reducing transaction costs for merchants
