Luxembourg’s payment landscape is characterized by a high level of digital adoption, with a strong preference for debit cards and contactless payments. Cash usage is declining, especially among younger generations. Luxembourg features a highly developed and digitalized payment system. Credit and debit cards (Visa and Mastercard) are the dominant payment methods, with contactless payments being extensively used. Online banking is extremely common, and bank transfers are routinely used for various transactions. Cash is decreasing in use, reflecting the high level of digital literacy and the advanced digital infrastructure in the country. Mobile payment solutions are well-integrated, contributing to a highly efficient and largely cashless payment environment. Luxembourg’s financial sector is a substantial part of its economy, making the payment system highly advanced and aligned with international standards.
Estimated Population
0.6 million
Currency
Euro (€)
All supported payment methods for Luxembourg:
SEPA Direct Debit, SEPA Credit, Apple Pay, Google Pay, PayPal, Payconiq, Invoice Payment, Prepayment, Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, MaestroPopular payment methods
SEPA Direct Debit
Direct Debit
SEPA Direct Debit is a secure and convenient payment method for businesses operating within the European Union, allowing for automated payments from customers’ bank accounts.
SEPA Credit
SEPA Credit
SEPA Credit Transfer is a secure and efficient way for businesses to make payments within the European Union, streamlining cross-border transactions and simplifying international payments.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
PayPal
Wallets
PayPal is a global leader in online payments, offering businesses a secure and convenient way to accept payments from millions of customers worldwide.
Payconiq
Wallets
Payconiq is a leading mobile payment solution in Belgium, offering businesses a fast, secure, and convenient way to accept payments from a wide range of customers.
Invoice Payment
Invoice
A document outlining the details of a purchase, including the goods or services provided, the amount due, and payment terms.
Prepayment
Prepayment
A payment method requiring buyers to pay for goods or services upfront before receiving them.
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
